Comstock Resources, Inc. (CRK) reported a first-quarter net loss of $24.5 million or $0.52 per share, compared to a net income of $1.4 million or $0.03 per share in the comparable quarter last year.
The results for the latest quarter included a loss from derivative financial instruments of $8.8 million and a gain of a gain of $7.9 million from sales of marketable securities. Results for the three months ended March 31, 2012 include included an unrealized loss from derivative financial instruments of $10.2 million and a gain of $26.6 million on sale of marketable securities.
On average, 18 analysts polled by Thomson Reuters expected the company to lose $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Oil and gas sales for the quarter dropped to $111.31 million from $118.41 million last year, while eleven analysts had a consensus revenue estimate of $105.57 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.