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).
Comstock Resources is aggressively targeting cost reductions in Western Haynesville. CRK has added three rigs and completion crews. Management anticipates tangible cost reductions through 2026.
CRK tops Q4 estimates as higher gas prices lift revenues, even as production declines year over year.
Comstock Inc. (LODE) Discusses Equity Offering, Permitting Milestones, and Expansion Plans for Metals Facilities Transcript
Expand Energy comes into focus after U.S. natural gas prices surged nearly 70% in a week as colder forecasts tightened supply-demand balances.
Comstock Resources (CRK) advances its Western Haynesville discovery. CRK aims to lower drilling costs and improve profitability versus legacy acreage. Risk is decreasing as more Western Haynesville wells are drilled.
Comstock Holding Companies has surged 66% YTD, outperforming the S&P 500, yet remains attractively valued with strong growth prospects. CHCI operates a fee-based, asset-light, debt-free model, ensuring consistent revenue growth, resilience during downturns, and a pristine balance sheet with net cash. Despite a recent dip in net income due to one-time costs, the company's long-term contracts, development pipeline, and 27 consecutive quarters of revenue growth support future upside.
CHCI's Q3 earnings fall year over year due to higher ParkX expansion costs, despite a rise in revenues and continued growth in recurring fee-based income.
Comstock Inc. ( LODE ) Discusses Systems-Based Strategy and Commercialization of Sustainable Technologies November 18, 2025 11:00 AM EST Company Participants Corrado De Gasperis - Executive Chairman & CEO Conference Call Participants Peter Gastreich Presentation Peter Gastreich Welcome to today's fireside chat with Comstock Inc. New York Stock Exchange ticker LODE or Lode. I'm your host, Peter Gastreich, Managing Director and Energy Transition and Sustainable Investing Analyst at Water Tower Research.
CRK's Q3 earnings and revenues gain on stronger natural gas price realizations.
Comstock's Q3 2025 production ended up around 3% below the guidance midpoint. Production is down around 20% since Q4 2023 despite around $1 billion per year in D&C capex. Comstock announced $445 million in divestitures that boost its liquidity without giving up much current production.
Comstock Resources stock rallied after earnings. CRK reported income in a typically weak quarter. Discovery of Western Haynesville acreage and tightening natural gas supply suggest potential for further upside.