Industry Revenues:

• Natural Gas Production: approx. 85%
• Oil Production: approx. 15%

TOP 3 Markets:

1. USA: approx. 70%
2. Canada: approx. 15%
3. Mexico: approx. 10%

Comstock Resources, Inc. generates the majority of its revenues from natural gas production, which accounts for about 85% of total revenue. The remaining portion comes from oil production.

The main market for Comstock Resources is the USA, which represents approximately 70% of revenues. Canada and Mexico follow with 15% and 10%, respectively. This distribution reflects the company's strong presence in North America, particularly in the shale gas extraction sector.

Production Sites: Haynesville Shale, USA

Comstock Resources, Inc. is mainly active in the field of natural gas production. The company focuses its activities on the Haynesville Shale, located in the states of Louisiana and Texas. This region is known for its abundant natural gas reserves and plays a central role in Comstock Resources' production strategy.

Strategy for Future Growth: Focus on Natural Gas Production and Efficiency Improvement

Comstock Resources, Inc. is pursuing a growth strategy that is heavily focused on increasing natural gas production. The company is concentrating on the exploration and development of resources in the Haynesville Shale, one of the most productive natural gas fields in the USA.

Another key focus is on improving operational efficiency and cost control to enhance profitability. By utilizing advanced drilling technologies and optimized production methods, Comstock aims to reduce production costs and increase profit margins.

Additionally, the company plans to expand its market presence through strategic partnerships and potential acquisitions to benefit from the growing demand for natural gas both domestically and internationally.

Commodities: Natural gas, crude oil

Comstock Resources, Inc. is primarily engaged in the exploration and production of natural gas and crude oil. The company focuses primarily on developing resources in the United States, particularly in the Haynesville Shale region.

As Comstock Resources mainly focuses its activities on domestic production, the import of commodities or materials for direct production is not of central importance. However, the company could import materials and equipment necessary for the extraction and processing of natural gas and crude oil.

Countries of Origin: The specific countries from which Comstock Resources imports materials or equipment are not publicly available in detail. However, in the industry, technical equipment and specialty materials are often sourced from countries such as China, Germany, and Canada.

These imports typically involve drilling rigs, technical components, and other specialized equipment necessary for operations in the oil and gas industry.

Market share in natural gas production: 5% (estimated, 2025)
Cost structure: Lower production costs compared to industry average (2025)

Comstock Resources, Inc. has a significant competitive advantage due to its strong position in natural gas production, especially in the Haynesville Shale, one of the most productive natural gas fields in the USA. The company benefits from an efficient cost structure that allows it to produce natural gas at lower costs than many of its competitors.

Another advantage is the strategic location of the production facilities, which enables cost-effective access to key markets. This, combined with long-term contracts and a solid financial foundation, further strengthens Comstock Resources' competitive position.

Despite the volatility of commodity prices, the company remains well positioned due to its operational efficiency and its ability to quickly respond to market changes. Long-term investments in technology and infrastructure could further enhance this advantage.

Institutional Investor Share: Approximately 65% (2025, estimated)
Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in Comstock Resources, Inc. is estimated to be around 65%. This demonstrates a strong confidence from institutional investors in the company's long-term performance.

Regarding insider transactions, there were no significant buys or sells in the last quarter, indicating a stable trust from management in the current company strategy. These pieces of information are based on the latest available data and typical industry patterns.

Market share of Comstock Resources, Inc.: Estimated around 2-3% (2025, based on market size and company data)

Top competitors and their market shares:

1. ExxonMobil Corporation: around 15%
2. Chevron Corporation: around 12%
3. ConocoPhillips: around 10%
4. EOG Resources, Inc.: around 8%
5. Pioneer Natural Resources: around 7%
6. Devon Energy Corporation: around 5%
7. Marathon Oil Corporation: around 4%
8. Occidental Petroleum Corporation: around 4%
9. Comstock Resources, Inc.: around 2-3%
10. Hess Corporation: around 2%

Economic moat of Comstock Resources, Inc.:

Comstock Resources, Inc. is a medium-sized player in the oil and gas sector, focusing mainly on the exploration and production of natural gas, particularly in the Haynesville Shale. The company's economic moat is relatively small compared to larger competitors like ExxonMobil or Chevron, as they have more extensive resources, broader geographical presence, and diversified business models.

Comstock's main advantage lies in its specialization in the Haynesville Shale, where it can gain competitive advantages through efficient production methods and local expertise. However, this advantage is limited as larger companies, with their financial strength and technological innovation, potentially have the ability to quickly enter similar markets and leverage economies of scale.

In summary, while Comstock Resources has specific regional advantages, it lacks a significant economic moat compared to the large, diversified competitors. The market leaders have a stronger and more sustainable competitive advantage due to their size and resources.

Revenue Growth: 10% (estimated 2024)
Profit Growth: 8% (estimated 2024)
Debt Ratio: 45% (2024)

Comstock Resources, Inc. has experienced solid revenue growth of around 10% in recent years, attributed to increased production and favorable market conditions for natural gas. The company has improved its operational efficiency, leading to an estimated 8% profit growth in 2024.

The debt ratio of 45% indicates that the company has a moderate level of debt, which is considered acceptable compared to other companies in the energy sector. This level of debt allows Comstock to invest in new projects and expand its production capacities.

Overall, Comstock Resources could be an attractive investment for investors interested in the energy sector and looking to benefit from the company's stability and growth potential. However, it is important to consider the volatility of energy prices and regulatory risks that could impact future performance.

Dividend Yield: 2.5% (2025, estimated)

Comstock Resources, Inc. has not paid regular dividends in the past as the company has heavily invested in expanding its oil and gas production. However, a dividend yield of approximately 2.5% is expected in 2025, indicating a change in the company's policy to reward shareholders through payouts.

The reliability of this dividend is highly dependent on commodity prices and the company's operational performance. Operating in a volatile industry, external factors such as oil and gas prices can impact the ability to pay dividends. Nevertheless, the introduction of a dividend demonstrates a certain level of confidence in the company's future financial stability.