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CRK (Comstock Resources) Retained Earnings : $729 Mil (As of Dec. 2024)


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What is Comstock Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Comstock Resources's retained earnings for the quarter that ended in Dec. 2024 was $729 Mil.

Comstock Resources's quarterly retained earnings declined from Jun. 2024 ($816 Mil) to Sep. 2024 ($787 Mil) and declined from Sep. 2024 ($787 Mil) to Dec. 2024 ($729 Mil).

Comstock Resources's annual retained earnings increased from Dec. 2022 ($886 Mil) to Dec. 2023 ($958 Mil) but then declined from Dec. 2023 ($958 Mil) to Dec. 2024 ($729 Mil).


Comstock Resources Retained Earnings Historical Data

The historical data trend for Comstock Resources's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comstock Resources Retained Earnings Chart

Comstock Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.18 -204.04 886.14 958.27 728.62

Comstock Resources Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 958.27 941.95 815.64 786.75 728.62

Comstock Resources Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Comstock Resources  (NYSE:CRK) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Comstock Resources Business Description

Traded in Other Exchanges
Address
5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034
Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.
Executives
Elizabeth B Davis director 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Arkoma Drilling, L.p. 10 percent owner 5950 BERKSHIRE LANE, SUITE 1400, DALLAS TX 75225
Blue Star Exploration Corp 10 percent owner ONE COWBOYS WAY, FRISCO TX 75034
Roland O Burns director, officer: Sr. VP & CFO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian Christopher Claunch officer: VP of Financial Reporting 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Patrick Mcgough officer: Vice President of Operations 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jim L Turner director DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204
Morris E Foster director C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298
Newell Clifford Doyle Iii officer: VP of Corporate Development 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
M Jay Allison director, officer: Chairman & CEO 5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Kanaman Lori Ann Arendt officer: VP of Marketing 5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Stuart D Porter director, 10 percent owner 200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Russell W Romoser officer: VP of Reservoir Engineering 5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Ronald Eugene Mills officer: VP of Finance. and IR 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jordan Tatum Marye director 700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002