← COMSTOCK RESOURCES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $65.9m | $61.3m | $23.2m | $18.5m | $30.3m | $30.7m | $54.7m | $16.7m | $6.8m | $23.9m | |
| Accounts Receivable | — | — | — | — | — | — | $510.1m | $231.4m | $174.8m | $242.5m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $54.7m | $16.7m | $6.8m | $23.9m | |
| Inventory | — | — | — | — | — | $5.0m | $34.8m | — | — | — | |
| Other Current Assets | $1.8m | $2.7m | $13.8m | $10.4m | $14.8m | $15.1m | $511k | $86.6m | $97.5m | $375k | |
| Other Inventories | — | — | — | — | — | $5.0m | $34.8m | — | — | — | |
| Other Receivables | — | — | — | — | — | — | $3.1m | — | $4.1m | $9.9m | |
| Prepaid Assets | — | — | — | — | — | — | $41.5m | $72.6m | $60.5m | $56.1m | |
| Taxes Receivable | — | — | — | — | — | — | $11.2m | $14.1m | $32.9m | $8.9m | |
| Other current assets | $1.8m | $2.7m | $13.8m | $10.4m | $14.8m | $15.1m | $56.3m | $86.6m | $97.5m | $75.3m | |
| Assets, Current | $90.2m | $302.5m | $159.4m | $289.7m | $199.8m | $318.7m | $645.0m | $461.5m | $284.0m | $360.9m | |
| Total current assets | $90.2m | $302.5m | $159.4m | $289.7m | $199.8m | $318.7m | $645.0m | $461.5m | $284.0m | $360.9m | |
| Property, Plant and Equipment, Net | $798.7m | $607.9m | $1.7b | $4.0b | $4.1b | $4.0b | $4.6b | $5.4b | $5.7b | $6.2b | |
| Goodwill | — | — | $350.2m | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | $335.9m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $3.5m | $3.0m | $6.5m | $90.7m | $71.5m | $73.8m | $94.7m | |
| Other Assets, Noncurrent | $1.0m | $899k | $2k | $231k | $40k | $0 | — | — | — | — | |
| Operating lease right-of-use assets | — | — | — | $3.5m | $3.0m | $6.5m | $90.7m | $71.5m | $73.8m | $94.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $19.3m | $26.7m | $87.6m | $120.1m | $125.0m | $217.1m | $415.1m | $166.6m | $145.4m | $203.5m | |
| Accumulated Depreciation | ($3.0b) | ($2.0b) | ($210.6m) | ($486.5m) | ($902.3m) | ($1.1b) | ($1.5b) | ($2.1b) | ($2.9b) | ($3.5b) | |
| Capital Lease Obligations | — | — | — | — | — | — | $93.2m | $73.8m | $76.3m | $98.4m | |
| Current Accrued Expenses | — | — | — | — | — | — | $138.1m | $123.6m | $128.1m | $130.6m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $40.8m | $26.1m | $38.6m | $50.7m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $40.8m | $26.1m | $38.6m | $50.7m | |
| Derivative Product Liabilities | — | — | — | — | — | — | $0 | $0 | $66.8m | $0 | |
| Gross PPE | — | — | — | — | — | — | $6.3b | $7.6b | $8.7b | $9.9b | |
| Hedging Assets Current | — | — | — | — | — | — | $23.9m | $126.8m | $4.9m | $19.2m | |
| Interest Payable | — | — | — | — | — | — | $54.9m | $54.9m | $64.0m | $64.0m | |
| Invested Capital | — | — | — | — | — | — | $4.4b | $5.0b | $5.2b | $5.5b | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $52.4m | $47.7m | $37.7m | $47.7m | |
| Long Term Provisions | — | — | — | — | — | — | $29.1m | $30.8m | $34.0m | $20.8m | |
| Net Debt | — | — | — | — | — | — | $2.1b | $2.6b | $2.9b | $2.8b | |
| Net PPE | — | — | — | — | — | — | $4.7b | $5.5b | $5.8b | $6.3b | |
| Net Tangible Assets | — | — | — | — | — | — | $1.9b | $2.0b | $1.9b | $2.3b | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $425.7m | $470.0m | $345.1m | $437.1m | |
| Ordinary Shares Number | — | — | — | — | — | — | $277.5m | $278.4m | $292.3m | $293.1m | |
| Other Current Liabilities | — | — | — | — | — | $181.9m | $4.4m | — | $8.9m | $27.6m | |
| Other Properties | — | — | — | — | — | — | $117.2m | $133.8m | $223.8m | $481.4m | |
| Share Issued | — | — | — | — | — | — | $277.5m | $278.4m | $292.3m | $293.1m | |
| Tangible Book Value | — | — | — | — | — | — | $1.9b | $2.0b | $1.9b | $2.3b | |
| Working Capital | — | — | — | — | — | — | ($111.2m) | ($220.0m) | ($328.8m) | ($368.6m) | |
| Natural gas and oil sales and gas services | $19.3m | $26.7m | $87.6m | $120.1m | $125.0m | $217.1m | $415.1m | $166.6m | $145.4m | $203.5m | |
| Joint interest operations | $3.1m | $11.9m | $9.2m | $24.8m | $14.6m | $29.8m | $76.5m | $48.7m | $24.0m | $35.4m | |
| From affiliates | — | — | — | $35.5m | $6.2m | $20.8m | $18.5m | $16.1m | $5.5m | $3.6m | |
| Derivative financial instruments | $6.0m | $1.3m | $15.4m | $4.2m | $2.4m | $4.0m | $0 | $0 | $66.8m | $0 | |
| Proved | $3.8b | $2.6b | $1.7b | $4.1b | $4.6b | $4.8b | $5.8b | $7.1b | $8.1b | $9.0b | |
| Unproved | — | — | $191.9m | $410.9m | $332.8m | $302.1m | $298.2m | $343.4m | $424.6m | $391.1m | |
| Other | $19.6m | $18.9m | $4.4m | $6.9m | $6.9m | $6.7m | $26.5m | $62.4m | $150.0m | $386.7m | |
| Operating leases | — | — | — | $2.0m | $2.3m | $2.4m | $38.4m | $23.8m | $35.9m | $46.9m | |
| Deferred income taxes | $9.1m | $10.3m | $161.9m | $211.8m | $200.6m | $197.4m | $425.7m | $470.0m | $345.1m | $437.1m | |
| Long-term operating leases | — | — | — | $1.5m | $740k | $4.1m | $52.4m | $47.7m | $37.7m | $47.7m | |
| Reserve for future abandonment costs | $15.8m | $10.4m | $5.1m | $18.2m | $19.3m | $25.7m | $29.1m | $30.8m | $34.0m | $20.8m | |
| Accrued Liabilities, Current | $40.4m | $42.5m | $68.1m | $137.2m | $133.0m | $135.0m | $183.1m | $134.5m | $146.2m | $153.2m | |
| Total Capitalization | — | — | — | — | — | — | $4.4b | $5.0b | $5.2b | $5.5b | |
| Total Debt | — | — | — | — | — | — | $2.2b | $2.7b | $3.0b | $2.9b | |
| Total Non Current Assets | $90.2m | $302.5m | $159.4m | $289.7m | $199.8m | $318.7m | $5.0b | $5.8b | $6.1b | $6.6b | |
| Total Tax Payable | — | — | — | — | — | — | $31.3m | $1.9m | $1.4m | $4.0m | |
| Assets | $889.9m | $930.4m | $2.2b | $4.7b | $4.6b | $4.7b | $5.7b | $6.3b | $6.4b | $7.0b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $889.9m | $930.4m | $2.2b | $4.7b | $4.6b | $4.7b | $5.7b | $6.3b | $6.4b | $7.0b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $2.0m | $2.3m | $2.4m | $38.4m | $23.8m | $35.9m | $46.9m | |
| Accounts Payable, Current | $45.3m | $126.0m | $138.8m | $253.0m | $259.3m | $314.6m | $530.2m | $523.3m | $421.8m | $501.7m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $1.5m | $740k | $4.1m | $52.4m | $47.7m | $37.7m | $47.7m | |
| Long-term Debt, Excluding Current Maturities | $1.0b | $1.1b | $1.2b | $2.5b | $2.5b | $2.6b | $2.2b | $2.6b | $3.0b | $2.8b | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $699.6m | $648.7m | $551.3m | $636.3m | |
| Liabilities, Current | $91.7m | $168.5m | $206.9m | $392.4m | $441.6m | $634.0m | $756.1m | $681.5m | $612.9m | $729.5m | |
| Total current liabilities | $91.7m | $168.5m | $206.9m | $392.4m | $441.6m | $634.0m | $756.1m | $681.5m | $612.9m | $729.5m | |
| Other Liabilities, Noncurrent | — | — | — | $6.4m | $492k | $24k | $0 | — | — | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $2.2b | $2.7b | $3.0b | $2.9b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $425.7m | $470.0m | $345.1m | $437.1m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $11.3m | $6.7m | $14.1m | $14.9m | |
| Deferred Tax Liabilities, Net | — | — | — | — | $200.6m | $197.4m | $425.7m | $470.0m | $345.1m | $437.1m | |
| Liabilities | $1.2b | $1.3b | $1.6b | $3.1b | $3.2b | $3.5b | $3.4b | $3.9b | $4.0b | $4.0b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $7.0m | $7.7m | $52.9m | $95.0m | $116.2m | $116.5m | $138.8m | $139.2m | $146.1m | $146.5m | |
| Additional Paid in Capital | $531.9m | $546.7m | $452.5m | $909.4m | $1.1b | $1.1b | $1.3b | $1.3b | $1.4b | $1.4b | |
| Retained Earnings (Accumulated Deficit) | ($815.8m) | ($927.2m) | $64.1m | $138.6m | $55.2m | ($204.0m) | $886.1m | $958.3m | $728.6m | $1.1b | |
| Capital Stock | — | — | — | — | — | — | $138.8m | $139.2m | $146.1m | $146.5m | |
| Preferred Stock | — | — | — | — | — | $175.0m | $0 | — | — | — | |
| Common stock - $0.50 par, 400,000,000 shares authorized, 293,054,806 and 292,260,645 shares issued and outstanding at December 31, 2025 and 2024, respectively | 7.0m | 7.7m | 52.9m | 95.0m | 116.2m | 116.5m | 138.8m | 139.2m | 146.1m | 146.5m | |
| Stockholders' Equity Attributable to Parent | ($271.3m) | ($369.3m) | $569.6m | $1.1b | $1.3b | $1.0b | $2.3b | $2.4b | $2.2b | $2.6b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | ($271.3m) | ($369.3m) | $569.6m | $1.1b | $1.3b | $1.0b | $0 | $24.8m | $92.5m | $316.1m | |
| Minority Interest | — | — | — | — | — | — | $0 | $24.8m | $92.5m | $316.1m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $2.3b | $2.4b | $2.3b | $3.0b | |
| Total Non Current Liabilities Net Minority Interest | $91.7m | $168.5m | $206.9m | $392.4m | $441.6m | $634.0m | $2.7b | $3.2b | $3.4b | $3.3b | |
| Total stockholders' equity attributable to Comstock | ($271.3m) | ($369.3m) | $569.6m | $1.1b | $1.3b | $1.0b | $2.3b | $2.4b | $2.2b | $2.6b | |
| Total stockholders' equity | — | — | — | — | — | — | $2.3b | $2.4b | $2.3b | $3.0b | |
| Liabilities and Equity | $889.9m | $930.4m | $2.2b | $4.7b | $4.6b | $4.7b | $5.7b | $6.3b | $6.4b | $7.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.