Comstock Resources Misses Q3 2026 Estimates as Revenue Falls 15% to $384.4M
Revenue of $384.4M vs. $421.0M expected and adjusted EPS of $0.02 vs. $0.04; revenue down 15% from a year earlier.
Comstock Resources (CRK) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $384.4 million, down 15% from a year earlier, below the $421.0 million estimate, and adjusted EPS was $0.02, down 78% from a year earlier, below the $0.04 estimate.
Shares rose 0.2% in after-hours trading as of 6:15 p.m. ET, to $13.41 from a $13.38 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.04 | $0.02 | Miss by 45% |
| Revenue | $421.0M | $384.4M | Miss by 8.7% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▼ 78% | ▼ 33% |
| Revenue | ▼ 15% | ▲ 8.8% |
By our calculation, revenue was $36.6 million below the estimate and adjusted EPS was $0.02 below it. The QoQ column compares with the previous quarter's revenue of $353.3 million and adjusted EPS of $0.03. The YoY column compares with $449.9 million and $0.09 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 4 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $449.9 million, $789.8 million, $587.4 million, $353.3 million and $384.4 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $0.09 and revenue of $476.9 million next quarter, based on 7 analysts.
- Revenue growth. Whether revenue stabilizes after this quarter's 15% decline from a year earlier to $384.4 million.
- Estimate record. Whether Comstock Resources extends a record of beating EPS estimates in 6 of its last 8 reports.
- Related coverage. See our reports on Dave, FICO, AMC and Dave.
Sources: Results are from Comstock Resources's Nov. 4, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Comstock Resources's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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