Comstock Resources Q2 FY26 profit falls 93% to USD 8.77 million; revenue drops 25% to USD 353.28 million
CRK•Production and cost trends
Production edged up 1% to 113 Bcfe, while total production costs eased to USD 0.77 per Mcfe from USD 0.8 per Mcfe.
Adjusted EBITDAX declined to USD 244.81 million from USD 259.74 million, while operating cash flow before working-capital changes fell to USD 188.51 million.
Pinnacle Gas Services stake sale
Comstock sold a 27% noncontrolling equity interest in Pinnacle Gas Services for USD 600 million, using proceeds to retire Pinnacle preferred equity and debt.
Quarterly profit and revenue decline
Comstock Resources posted net income of USD 15 million, down from USD 130.73 million a year earlier, while operating income fell to USD 22.58 million.
Natural gas and oil sales slid 15% to USD 288.22 million, while average realized price dropped to from .
