CRK Comstock Resources (CRK) Q2 FY26 earnings call
Comstock Resources saw a return to production growth in Q2 FY26, driven by strong well performance in both Legacy and Western Haynesville. The company executed a significant midstream equity placement, validating its Western Haynesville acreage and strengthening its balance sheet. Management continues to focus on optimizing drilling and completion efficiencies in the Western Haynesville, with new technologies being tested to drive down costs and enhance well productivity, while also preparing for future natural gas demand from LNG and data centers.
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CRK operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Wells drilled to total depth Legacy Haynesville | 12In the first quarter, we drilled 12 wells to total depth in our legacy Haynesville area, and these wells had an average lateral length of 10,872 feet.Source: earnings call transcript | 13In the second quarter, we drilled 13 wells to total depth in the legacy Hainesville area.Source: earnings call transcript | +8.3% |
| Average lateral length drilled to total depth Legacy Haynesville | 10.872K feetIn the first quarter, we drilled 12 wells to total depth in our legacy Haynesville area, and these wells had an average lateral length of 10,872 feet.Source: earnings call transcript | 11.457K feetThose had an average lateral length of 11,457 feet.Source: earnings call transcript | +5.4% |
| Average lateral length drilled to total depth Western Haynesville | 10.356K feetIn the first quarter, we also drilled 5 wells to total depth in the Western Haynesville and these wells had an average lateral length of 10,356 feet.Source: earnings call transcript | 10.281K feetIn the second quarter, we also drilled four wells to total depth in the western Hainesville with an average length of 10,281 feet.Source: earnings call transcript | -0.7% |
| Average days to total depth Legacy Haynesville | 26 daysIn the first quarter, we drilled 12 of our benchmark long lateral wells to total depth in the legacy Haynesville area, and we averaged 26 days to TD.Source: earnings call transcript | 24 daysIn the second quarter, we drilled 13 of these mid-smart long lateral wells to total depth in the legacy Hainesville area and averaged 24 days to total depth.Source: earnings call transcript | -7.7% |
| Footage drilled per day Legacy Haynesville | 921 feetIn the first quarter, we averaged 921 feet drilled per day in our legacy Haynesville acreage, which represents a 3% increase versus the fourth quarter of 2025.Source: earnings call transcript | 1,017 feetCorrespondingly, we averaged 1,017 feet drilled per day in our legacy Hainesville area, which represents a 10% increase versus the first quarter of 2026.Source: earnings call transcript | +10.4% |
| Average days to total depth Western Haynesville | 57 daysWe averaged 57 days for the 5 wells drilled to total depth during the first quarter.Source: earnings call transcript | 59 daysWe averaged 59 drilling days for the four wells drilled to total depth during the quarter.Source: earnings call transcript | +3.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.