Comstock's Q1 Earnings Increase Y/Y on Portfolio Growth
CHCI posted a year-over-year increase in Q1 earnings per share and revenue, supported by leasing momentum, portfolio expansion and recurring fee-based income.
Comstock Resources Q1 Earnings Call Highlights
Comstock Resources NYSE: CRK reported lower first-quarter 2026 results as production declined from the prior-year period, with management citing significant winter weather impacts and the timing of new wells brought online late in the quarter.
Comstock Inc. (LODE) Q1 2026 Earnings Call Transcript
Comstock Inc. (LODE) Q1 2026 Earnings Call Transcript
Comstock Inc. (LODE) Reports Q1 Loss, Lags Revenue Estimates
Comstock Inc. (LODE) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to a loss of $0.37 per share a year ago.
Comstock Resources: Buy When The Numbers Look Terrible
Comstock Resources (CRK) reported capital outspending and a production decline, triggering a 13% stock drop amid market skepticism. CRK is investing in delineating new Western Haynesville acreage. Management expects well delays that are part of the legacy Haynesville acreage to resolve in Q2.
Comstock Resources Q1 Earnings Miss Estimates on Lower Production
CRK Q1 earnings miss estimates as lower production due to severe weather offset gains from higher natural gas prices and increased gas services revenues.
Comstock Resources: Large Q1 2026 Cash Burn Despite Strong Benchmark Natural Gas Prices (Rating Upgrade)
Comstock reported a $223 million free cash flow deficit in Q1 2026, including the impact of $55 million in midstream capex. While benchmark natural gas prices averaged near $5, Comstock realized $3.46 per Mcfe for its production during the quarter. Comstock had significant realized hedging losses in Q1 2026 and also dealt with temporarily wider regional differentials.
Comstock Holding: Do Not Take Profits Yet
Comstock Holding maintains a buy rating thanks to robust growth, strong balance sheet, and attractive valuation despite a 106% rally in the past year. CHCI posted its 28th consecutive quarter of year-over-year growth, with Q4 revenue up 42% and EPS up 29%, driven by high leasing activity and strategic assets. Management guides for continued growth, supported by a fee-based model, 13 assets in the pipeline, and a net cash position representing 22% of market cap.
Comstock Received New Financing But Remains Overvalued
Comstock Inc. maintains a hold rating due to persistent execution risk and unattractive valuation despite recent equity financing. LODE raised $53 million in new capital in early 2026, reducing near-term liquidity risk but causing significant dilution, with shares outstanding now at 74 million. The first recycling plant is set to begin operations in 2Q26, but the business remains unproven, with minimal revenue and high corporate costs.
Comstock Inc. (LODE) Q4 2025 Earnings Call Transcript
Comstock Inc. (LODE) Q4 2025 Earnings Call Transcript
Comstock Inc. (LODE) Presents at IAccess Alpha Virtual Best Ideas Spring Investment Conference 2026 Transcript
Comstock Inc. (LODE) Presents at IAccess Alpha Virtual Best Ideas Spring Investment Conference 2026 Transcript
Comstock Resources: Attempting To Rebuild Production With Increased Spending
Comstock is increasing its 2026 capex budget to around $1.45 billion to help rebuild production. Despite some cash burn in 2025, its production decreased by approximately 15% year-over-year. I now project $463 million in 2026 cash burn with a 5% year-over-year production increase (although exit rate production should increase significantly more).
