Today: 7 November 2025
Subscribe
Comstock Resources (CRK) Jumps as Q3 Results, $430M Divestiture and Rising RS Rating Put Haynesville Gas in Focus — Nov. 6, 2025
 ·  ·  ·  ·  · 

Comstock Resources (CRK) Jumps as Q3 Results, $430M Divestiture and Rising RS Rating Put Haynesville Gas in Focus — Nov. 6, 2025

by
6 November 2025

FRISCO, Texas — Nov. 6, 2025. Shares of Comstock Resources, Inc. (NYSE: CRK) traded higher today after a week packed with catalysts: stronger third‑quarter results, progress on a $430 million asset sale, and a fresh technical tailwind as the stock’s Relative Strength (RS) rating ticked up. Midday, CRK changed hands around $21.14, up roughly 5.5%, within a 52‑week range of $11.41–$31.17. [1]

  • Q3 2025 revenue:$449.9M; adjusted EPS:$0.09. Management cited higher realized gas prices and disciplined costs. [2]
  • Western Haynesville momentum: 3 new wells averaged ~32 MMcf/d IP with long laterals. [3]
  • Portfolio reshaping: Agreement to sell Shelby Trough assets for $430M; Cotton Valley package sold for $15.2M in September. Closing of Shelby Trough expected December 2025. [4]
  • Liquidity:$939.2M as of Sept. 30 (including $920M of undrawn revolver + $19.2M cash). [5]
  • Technical & Street setup today:IBD lifts CRK’s RS Rating to 85; consensus rating sits at “Reduce” with targets spanning $9–$21. [6]

What’s moving CRK today

Technical momentum: Investor’s Business Daily highlighted CRK’s RS Rating rising to 85, a level technicians often view as signaling mounting relative strength. While IBD notes CRK isn’t at a formal “buy” point, the upgrade adds fuel to a rally that has built in recent sessions. [7]

Post‑earnings follow‑through: Earlier this week, Comstock reported Q3 revenue of $449.9M and adjusted EPS of $0.09, supported by realized natural‑gas prices of $2.99/Mcf after hedging on 112 Bcf of gas production (about 1.22 Bcfe/d by simple average). Management’s release also flagged low per‑unit costs ($0.77/Mcfe) and adjusted EBITDAX of $249M. [8]

Balance‑sheet flex: The latest Form 10‑Q shows $939.2M of liquidity at quarter‑end ($920M undrawn revolver and $19.2M cash), giving Comstock room to fund the drilling plan and smooth commodity bumps. [9]

Strategy: concentrate on core Haynesville, monetize non‑core

Comstock’s third‑quarter update underscores a two‑track strategy:

  1. Lean into core Haynesville/Bossier
    • The company turned 12 operated wells to sales in Q3, including three Western Haynesville wells that came online with ~32 MMcf/d average IP and ~8,566‑ft average laterals. In its Legacy Haynesville area, Comstock has turned 28 wells to sales year‑to‑date with ~11,919‑ft laterals and ~25 MMcf/d IP. [10]
  2. Streamline the portfolio and cut leverage
    • Shelby Trough divestiture: signed for $430M cash (36,000 net acres; 155 producing wells); closing expected in December 2025, with proceeds earmarked for debt reduction.
    • Cotton Valley sale: closed in September for $15.2M. [11]

The simplification complements Comstock’s long‑running bet on the Western Haynesville, a deep, hotter‑than‑average gas fairway that has drawn national attention thanks to majority owner Jerry Jones. A recent Wall Street Journal profile details the scale and ambition of that push—more than $1B invested and the potential for a very large resource. [12]

Key numbers from Q3 2025

  • Total revenue:$449.9M (vs. $304.5M in Q3’24).
  • Natural gas & oil sales (incl. hedges):$335.0M; adjusted EBITDAX:$249.0M.
  • Adjusted net income:$27.9M ($0.09/share).
  • Operating cash flow (ex‑WC):$190.4M.
  • Costs:$0.77/Mcfe (G&T $0.36, LOE $0.26, taxes $0.10, cash G&A $0.05).
  • Realized gas price (after hedging):$2.99/Mcf on 112 Bcf production.
    All figures per company release/filings. [13]

How the Street sees it

Despite the rally, analyst opinion remains mixed. MarketBeat’s roll‑up shows an average “Reduce” rating across 11 firms, with 5 Sell / 4 Hold / 2 Buy and a target range from $9 (Piper Sandler) to $21 (Mizuho)—illustrating how sensitive views remain to the gas price and execution. [14]

What to watch next

  • Shelby Trough closing (December 2025): Execution and proceeds deployment toward debt reduction. [15]
  • Western Haynesville cadence: IP rates, lateral lengths and well costs as the program scales. [16]
  • Balance‑sheet metrics: Liquidity and leverage after asset sale proceeds hit. [17]
  • Gas‑price tape: Realized pricing has been the swing factor for 2025; hedges helped realize $2.99/Mcf in Q3. [18]

Context: why Comstock’s story is resonating

Comstock is a pure‑play Haynesville gas producer positioned close to Gulf Coast industrial and LNG export demand. With data‑center build‑outs and industrial restarts in the headlines, the WSJ’s deep dive into Comstock’s Western Haynesville ambitions helps explain why investors are refocusing on prolific, infrastructure‑adjacent gas. [19]

Source notes & methodology

Figures and operational details are taken from Comstock’s Nov. 3, 2025 earnings press release and accompanying SEC filings; stock performance and trading stats reflect today (Nov. 6, 2025). Technical and analyst items reference IBD and MarketBeat, respectively. [20]

References

1. www.reuters.com, 2. www.globenewswire.com, 3. www.globenewswire.com, 4. www.globenewswire.com, 5. www.sec.gov, 6. www.investors.com, 7. www.investors.com, 8. www.globenewswire.com, 9. www.sec.gov, 10. www.globenewswire.com, 11. www.globenewswire.com, 12. www.wsj.com, 13. www.globenewswire.com, 14. www.marketbeat.com, 15. www.globenewswire.com, 16. www.globenewswire.com, 17. www.sec.gov, 18. www.globenewswire.com, 19. www.wsj.com, 20. www.globenewswire.com

Tags:

Mateusz Kaczmarek Latest posts

A technology and finance expert writing for TS2.tech. He analyzes developments in satellites, telecommunications, and artificial intelligence, with a focus on their impact on global markets. Author of industry reports and market commentary, often cited in tech and business media. Passionate about innovation and the digital economy.

  1. Brighthouse Financial (BHF) to Be Acquired by Aquarian Capital for $4.1B at $70/Share; Stock Jumps — Nov. 6, 2025
  2. HubSpot (HUBS) Plunges ~18% After Q3 Beat: Raised 2025 Guidance, New AI Push, and Meta’s Clara Shih Joins the Board [Nov. 6, 2025]
  3. SiTime (SITM) Stock Jumps After Q3 2025 Beat; Company Guides Q4 Revenue to $100–$103M on AI Data‑Center Demand
  4. Hecla Mining (HL) Soars on Record Q3 2025: $409.5M Revenue, $0.15 EPS, Dividend Declared — What to Know Today (Nov 6, 2025)

Stock Market Today

  • Brookdale Senior Living Q3 CY2025: Revenue Miss, GAAP EPS Miss, EBITDA Beat, Long-Term Growth Under Review
    November 7, 2025, 12:44 AM EST. Brookdale Senior Living (NYSE: BKD) reported Q3 CY2025 revenue of $813.2 million, missing consensus by $14.2 million. GAAP EPS was -0.48 versus -0.17 expected, a significant miss, while Adjusted EBITDA rose to $111.1 million (13.7% margin) beating by $4.6 million. Full-year EBITDA guidance at the midpoint is $457.5 million, above estimates of $453 million. The Operating Margin was -6.6%, down from 1.4% a year ago; Free Cash Flow Margin improved to 14.1% from 1.5%. Market cap around $2.20 billion. Management attributed demand tailwinds for senior living and tight inventory. The company has over 650 communities serving ~59,000 residents across 41 states. Analysts expect near-term revenue decline; long-term growth remains a focus.
  • NuScale Power Stock Rises 6% as Analysts Weigh Growth Outlook
    November 7, 2025, 12:39 AM EST. NuScale Power Corporation (NYSE: SMR) surged about 6% in Wednesday trading, trading as high as $39.35 and last at $37.76 amid higher mid-day volume (~14.3 million). Analysts remain mixed: BNP Paribas Exane downgraded to underperform; Citigroup issued a Sell with a $37.50 target; RBC, Barclays and UBS issued varied targets and ratings. The consensus rating per MarketBeat is Reduce with a target of $37.73. The company's market cap is around $10.8 billion, with a negative P/E of -31.73 and a beta near 2.03. The 50-day moving average is $39.35 and the 200-day is $35.83. In Q2, EPS was -0.13 vs -0.12 est; revenue $8.05 million. Insider selling by Fluor has reduced ownership, adding to investor scrutiny.
  • Figs (NYSE:FIGS) Q3 Beat on Revenue, EBITDA; Shares Jump ~16% on Strong Results
    November 7, 2025, 12:36 AM EST. Figs (NYSE:FIGS) posted a stronger-than-expected Q3 CY2025 as revenue rose to $151.7 million, up 8.2% YoY and ahead of estimates of $142.5 million. The company reported an Adjusted EPS of $0.05, well above consensus of $0.02, and Adjusted EBITDA of $18.85 million versus $12.38 million expected. The operating margin improved to 6.4% from -6.2% a year earlier. However, free cash flow margin slipped to 0.4% from 13.1% in the year-ago quarter. Active customers reached 2.78 million, up 108k YoY. With a $1.24 billion market cap, the stock's move reflected investor enthusiasm as shares jumped ~16% following the results. Sell-side revenue guidance looks flat over the next 12 months, suggesting some near-term headwinds despite profitability gains.
  • Globus Medical Q3 Beat Lifts Guidance; GMED Stock Rises on Strong Results
    November 7, 2025, 12:34 AM EST. Globus Medical (GMED) reported a solid Q3 CY2025, with revenue of $769 million, up 22.9% YoY, and a 4.7% beat versus estimates. Its non-GAAP EPS of $1.18 eclipsed consensus by 53.4%, and Adjusted EBITDA reached $252.6 million, a beat of about 27.3%. The company lifted its full-year revenue guidance to a midpoint of $2.88 billion and raised Adjusted EPS to $3.80. The operating margin expanded to 17.9% from 7.7%, while free cash flow margin rose to 27.8%. Constant-currency growth was 22.3% YoY. With operations in 64 countries and a broad spine/orthopedic/neurosurgical portfolio, the quarter reinforces a durable growth trajectory for GMED.
  • NVIDIA Stock Drops 3.7% as Insiders Sell Big: CFO Colette Kress and CEO Jen Hsun Huang Trim Stakes
    November 7, 2025, 12:32 AM EST. NVDA shares fell about 3.7% on Thursday after notable insider selling surfaced. The stock traded as low as $186.38 and was last at $188.08, with about 220,077,580 shares changing hands vs. the 226,128,344 average. CFO Colette Kress sold 20,000 shares at $208.33 (≈$4.17 million), cutting her stake to 123,060 shares. A second sale of 27,640 shares at the same price reduced ownership by ~0.97% to 2,828,122 shares (≈$589.2 million). CEO Jen Hsun Huang sold 25,000 shares at $207.91, leaving him with 69,733,203 shares (≈$14.5 billion). On the sentiment side, analysts remain constructive: Truist, Piper Sandler, Jefferies, Citigroup, and Bank of America raised targets or reiterated Buy/Overweight ratings. Market consensus shows a mix: 5 Strong Buy, 41 Buy, 2 Hold, 1 Sell.
Oscar Health (OSCR) Q3 2025: ~$3.0B Revenue, EPS Beats, 2025 Guidance Reaffirmed; Balance Sheet Simplified via Note Exchange — Nov. 6, 2025
Previous Story

Oscar Health (OSCR) Q3 2025: ~$3.0B Revenue, EPS Beats, 2025 Guidance Reaffirmed; Balance Sheet Simplified via Note Exchange — Nov. 6, 2025

MMTec (MTC) soars 627% and then whipsaws pre‑market as Nasdaq delisting clock ticks — What to know today (Nov. 6, 2025)
Next Story

MMTec (MTC) soars 627% and then whipsaws pre‑market as Nasdaq delisting clock ticks — What to know today (Nov. 6, 2025)

Related Articles

Go toTop