Texas power demand offers growth amid weather-hit earnings

Comstock Resources reported Q1 2026 adjusted EPS of 15 cents, missing the 23 cents expected, mainly due to a 14.9% production decline caused by adverse weather. Revenue rose 14.5% to $587.3 million, supported by gas services revenue increasing to $166.5 million. The recent share price weakness reflects investor caution amid these mixed results and heavy short interest.