Comstock Resources: Attempting To Rebuild Production With Increased Spending

Elephant AnalyticsInvesting Group LeaderFollow5ShareSavePlay(11min)Comment(1)SummaryComstock is increasing its 2026 capex budget to around $1.45 billion to help rebuild production.Despite some cash burn in 2025, its production decreased by approximately 15% year-over-year.I now project $463 million in 2026 cash burn with a 5% year-over-year production increase (although exit rate production should increase significantly more).Comstock is aiming to reduce Western Haynesville drilling costs by $300 per lateral foot.This would reduce its two-mile lateral costs to around $29 million per well.Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » halbergman/iStock via Getty Images Comstock Resources (CRK) is going more aggressive with its spending plans in 2026 in order to rebuild some of its production. It reported a $220 million free cash flow deficit from operations in 2025 whileThis article was written byElephant Analytics11.8K FollowersFollowAaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.