Earnings ·
Comstock reports Q3 net income of $22M and agrees to sell assets to SOCAR for $1.65B
CRKComstock Resources Inc
Comstock Resources reported third-quarter 2026 net income available to the company of $22 million, or $0.08 per diluted share, driven by a 9% increase in production to 122.4 Bcfe and natural gas and oil sales including hedging gains of $359 million. The company also announced a definitive agreement with SOCAR to sell non-operated working interests for an aggregate cash purchase price of $1.65 billion, expected to close by year-end. Additionally, the bank credit facility maturity was extended to November 2028, with a further extension to 2031 contingent on the completion of the SOCAR transaction. Comstock Resources is a leading independent natural gas producer focused on the Haynesville shale in North Louisiana and East Texas.