Comstock Resources Inc

Comstock Resources explores, develops, and produces natural gas and oil from shale formations in Louisiana and Texas. The company sells natural gas to power plants, industrial customers, and export markets. Their business depends heavily on natural gas prices and the company's ability to efficiently drill and bring new wells into production.

Comstock Resources is a natural gas and oil producer focused on the Haynesville and Bossier shale formations in North Louisiana and East Texas [Company Overview]. The company operates with only 252 employees managing approximately 1.07 million acres [Company Overview]. Recent natural gas price strength has benefited the company, though Q1 2025 operational challenges resulted in production misses and higher-than-expected capital spending [Yahoo Finance].

Comstock is profitable with moderate leverage, but burned cash in recent periods despite strong margins.