2022 Q3 Form 10-Q Financial Statement

#000002319422000033 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.190B $946.3M $524.8M
YoY Change 132.8% 175.32% 54.15%
Cost Of Revenue $279.3M $166.2M $112.5M
YoY Change 256.13% 145.53% 77.45%
Gross Profit $910.7M $780.0M $456.9M
YoY Change 110.44% 182.63% 64.95%
Gross Profit Margin 76.53% 82.43% 87.06%
Selling, General & Admin $10.54M $9.392M $8.493M
YoY Change 27.39% 16.5% 2.33%
% of Gross Profit 1.16% 1.2% 1.86%
Research & Development $0.00 $2.342M $1.021M
YoY Change
% of Gross Profit 0.0% 0.3% 0.22%
Depreciation & Amortization $129.1M $119.2M $106.7M
YoY Change 0.25% -1.85% -2.2%
% of Gross Profit 14.17% 15.28% 23.36%
Operating Expenses $418.9M $297.1M $188.1M
YoY Change 94.46% 50.68% 4.04%
Operating Profit $771.1M $649.1M $336.8M
YoY Change 160.72% 343.1% 110.84%
Interest Expense $41.39M $44.32M $46.49M
YoY Change -17.14% -22.08% -27.14%
% of Operating Profit 5.37% 6.83% 13.8%
Other Income/Expense, Net -$312.7M -$163.8M -$479.8M
YoY Change -44.17% -58.46% 48.18%
Pretax Income $458.4M $485.3M -$143.0M
YoY Change -273.42% -295.79% -12.83%
Income Tax $102.8M $108.4M -$31.62M
% Of Pretax Income 22.43% 22.34%
Net Earnings $355.6M $376.9M -$111.4M
YoY Change -223.34% -309.74% -16.93%
Net Earnings / Revenue 29.88% 39.83% -21.23%
Basic Earnings Per Share $1.50 $1.60 -$0.50
Diluted Earnings Per Share $1.28 $1.36 -$0.50
COMMON SHARES
Basic Shares Outstanding 233.2M shares 232.0M shares 232.0M shares
Diluted Shares Outstanding 277.7M shares 277.6M shares 232.0M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.65M $32.27M $12.14M
YoY Change 38.82% 63.59% -84.32%
Cash & Equivalents $38.65M $32.27M $12.14M
Short-Term Investments
Other Short-Term Assets $40.47M $24.80M $13.67M
YoY Change 231.88% 194.85% 49.2%
Inventory
Prepaid Expenses
Receivables $549.0M $436.4M $198.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $708.8M $530.8M $268.0M
YoY Change 128.95% 136.04% 9.83%
LONG-TERM ASSETS
Property, Plant & Equipment $4.440B $4.313B $4.129B
YoY Change 4.85% 2.8% -0.38%
Goodwill $335.9M $335.9M $335.9M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.01M
YoY Change 26948.65%
Total Long-Term Assets $4.876B $4.757B $4.482B
YoY Change 6.51% 4.8% -0.21%
TOTAL ASSETS
Total Short-Term Assets $708.8M $530.8M $268.0M
Total Long-Term Assets $4.876B $4.757B $4.482B
Total Assets $5.584B $5.288B $4.750B
YoY Change 14.27% 11.0% 0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $617.5M $454.8M $318.7M
YoY Change 90.1% 55.21% 13.55%
Accrued Expenses $150.3M $153.8M $103.3M
YoY Change 37.76% 46.15% 14.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.092B $964.7M $938.5M
YoY Change 2.64% 47.16% 116.45%
LONG-TERM LIABILITIES
Long-Term Debt $2.262B $2.510B $2.534B
YoY Change -19.26% -11.84% -9.5%
Other Long-Term Liabilities $8.000K $24.00K $24.00K
YoY Change -66.67% -86.67% -94.99%
Total Long-Term Liabilities $2.262B $2.510B $2.534B
YoY Change -19.26% -11.84% -9.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.092B $964.7M $938.5M
Total Long-Term Liabilities $2.262B $2.510B $2.534B
Total Liabilities $3.790B $3.842B $3.676B
YoY Change -6.58% 5.49% 7.17%
SHAREHOLDERS EQUITY
Retained Earnings $403.9M $52.75M -$319.8M
YoY Change -172.13% -119.73% 284.09%
Common Stock $116.9M $116.6M $116.5M
YoY Change 0.36% 0.13% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.619B $1.271B $898.5M
YoY Change
Total Liabilities & Shareholders Equity $5.584B $5.288B $4.750B
YoY Change 14.27% 11.0% 0.31%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $355.6M $376.9M -$111.4M
YoY Change -223.34% -309.74% -16.93%
Depreciation, Depletion And Amortization $129.1M $119.2M $106.7M
YoY Change 0.25% -1.85% -2.2%
Cash From Operating Activities $518.5M $401.9M $284.0M
YoY Change 122.58% 109.01% 46.96%
INVESTING ACTIVITIES
Capital Expenditures -$252.9M -$302.2M $213.3M
YoY Change 49.39% 74.69% 28.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $48.00K $45.00K
YoY Change -100.0% 336.36% -77.5%
Cash From Investing Activities -$252.9M -$302.1M -$213.2M
YoY Change 49.43% 74.67% 28.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -259.3M -79.63M -$89.33M
YoY Change 366.08% 3.47% -559.48%
NET CHANGE
Cash From Operating Activities 518.5M 401.9M $284.0M
Cash From Investing Activities -252.9M -302.1M -$213.2M
Cash From Financing Activities -259.3M -79.63M -$89.33M
Net Change In Cash 6.376M 20.14M -$18.53M
YoY Change -21.42% -134.93% -139.28%
FREE CASH FLOW
Cash From Operating Activities $518.5M $401.9M $284.0M
Capital Expenditures -$252.9M -$302.2M $213.3M
Free Cash Flow $771.4M $704.1M $70.76M
YoY Change 91.78% 92.76% 157.12%

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CY2022Q2 us-gaap Income Tax Expense Benefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2022Q2 crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
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CY2021Q2 crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
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crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
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crk Preferred Stock Dividends And Accretion
PreferredStockDividendsAndAccretion
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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372528000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
1.36
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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WeightedAverageNumberOfSharesOutstandingBasic
232045000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231428000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
232011000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231403000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277614000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231428000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231403000 shares
CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 crk Temporary Equity Dividends On Temporary Equity Value
TemporaryEquityDividendsOnTemporaryEquityValue
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CY2022Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
230574000 usd
us-gaap Gain Loss On Sale Of Commodity Contracts
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us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
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crk Derivative Cash Received Paid On Hedge
DerivativeCashReceivedPaidOnHedge
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crk Derivative Cash Received Paid On Hedge
DerivativeCashReceivedPaidOnHedge
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Increase Decrease In Accounts Receivable
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203918000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
40190000 usd
us-gaap Increase Decrease In Other Current Assets
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9720000 usd
us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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us-gaap Payment Of Financing And Stock Issuance Costs
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us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
198000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
30397000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30663000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30272000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32272000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19727000 usd
CY2021Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
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CY2021Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
6966000 usd
CY2022Q2 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
18840000 usd
CY2022Q2 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
27592000 usd
us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
27592000 usd
CY2022Q2 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
9771000 usd
CY2022Q2 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
9771000 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
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CY2022Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
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CY2022Q2 us-gaap Goodwill
Goodwill
335900000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
108300000 usd
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LesseeOperatingLeaseTermOfContract
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PriorAdvanceNoticePeriodForCancellationOfRigContracts
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q2 us-gaap Operating Lease Cost
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CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
47037000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
20529000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
1500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1300000 usd
CY2022Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
34500000 usd
CY2021Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
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us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
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us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
19200000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.027
CY2022Q2 crk Expected Future Payments For Contracted Drilling Services
ExpectedFuturePaymentsForContractedDrillingServices
22200000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
20391000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
40574000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40208000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12727000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
53000 usd
CY2022Q2 crk Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
113970000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5612000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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InterestPayableCurrent
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CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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AccruedDrillingCosts
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CY2021Q4 crk Accrued Drilling Costs
AccruedDrillingCosts
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TaxesPayableCurrent
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TaxesPayableCurrent
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CY2022Q2 crk Accrued Transportation Costs
AccruedTransportationCosts
24542000 usd
CY2021Q4 crk Accrued Transportation Costs
AccruedTransportationCosts
22859000 usd
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EmployeeRelatedLiabilitiesCurrent
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EmployeeRelatedLiabilitiesCurrent
12320000 usd
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AccruedLeaseOperatingExpenses
1811000 usd
CY2021Q4 crk Accrued Lease Operating Expenses
AccruedLeaseOperatingExpenses
2036000 usd
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OtherAccruedLiabilitiesCurrent
3221000 usd
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OtherAccruedLiabilitiesCurrent
1856000 usd
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135026000 usd
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AssetRetirementObligationsNoncurrent
25673000 usd
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19290000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
844000 usd
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
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crk Asset Retirement Obligation Acquired
AssetRetirementObligationAcquired
1211000 usd
crk Asset Retirement Obligation Acquired
AssetRetirementObligationAcquired
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us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
29000 usd
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
6000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
734000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
602000 usd
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
28433000 usd
CY2021Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
20748000 usd
CY2022Q2 us-gaap Cash Flow Hedges Derivative Instruments At Fair Value Net
CashFlowHedgesDerivativeInstrumentsAtFairValueNet
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CY2022Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
2086000 usd
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
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CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
318585000 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
181945000 usd
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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CY2021Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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crk Number Of Primary Products
NumberOfPrimaryProducts
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crk Contract Cash Settlement Max Days
ContractCashSettlementMaxDays
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crk Contract Cancellable Notice Term
ContractCancellableNoticeTerm
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AccountsReceivableNetCurrent
436400000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5360000 usd
CY2021Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1399000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7969000 usd
CY2021Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3001000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Current State And Local Tax Expense Benefit
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CY2022Q2 us-gaap Deferred Federal Income Tax Expense Benefit
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DeferredFederalIncomeTaxExpenseBenefit
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us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
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23801000 usd
CY2021Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
12024000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108422000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.223
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.038
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.109
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.040
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.076
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.001
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.003
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.001
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.001
CY2022Q2 crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0
CY2021Q2 crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
-0.088
crk Effective Income Tax Rate Reconciliation Change In State Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInStateDeferredTaxAssetsValuationAllowance
0
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.275
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-22588000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-30262000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
5402000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
6418000 usd
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-53866000 usd
CY2022Q2 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
905000 shares
CY2021Q2 crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1091000 shares
crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
926000 shares
crk Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Nonvested Weighted Average Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionNonvestedWeightedAverageNumber
1063000 shares
crk Performance Units Adjustment For Performance Multiplier Range Minimum
PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMinimum
0
crk Performance Units Adjustment For Performance Multiplier Range Maximum
PerformanceUnitsAdjustmentForPerformanceMultiplierRangeMaximum
2
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1080000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1192000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1065000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1165000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
10.41
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
9.21
us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
10.41
us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
9.21
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
372528000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-184058000 usd
CY2022Q2 crk Net Income Loss Allocated To Unvested Restricted Shares
NetIncomeLossAllocatedToUnvestedRestrictedShares
-1447000 usd
CY2021Q2 crk Net Income Loss Allocated To Unvested Restricted Shares
NetIncomeLossAllocatedToUnvestedRestrictedShares
0 usd
CY2022Q2 crk Net Income Loss Available To Common Stockholders Basic Adjusted
NetIncomeLossAvailableToCommonStockholdersBasicAdjusted
371081000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
232045000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2021Q2 crk Net Income Loss Available To Common Stockholders Basic Adjusted
NetIncomeLossAvailableToCommonStockholdersBasicAdjusted
-184058000 usd
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231428000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
4363000 usd
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
43750000 shares
CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
376891000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277614000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.36
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-184058000 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231428000 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
256789000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-322498000 usd
crk Net Income Loss Allocated To Unvested Restricted Shares
NetIncomeLossAllocatedToUnvestedRestrictedShares
-1021000 usd
crk Net Income Loss Allocated To Unvested Restricted Shares
NetIncomeLossAllocatedToUnvestedRestrictedShares
0 usd
crk Net Income Loss Available To Common Stockholders Basic Adjusted
NetIncomeLossAvailableToCommonStockholdersBasicAdjusted
255768000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
232011000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
crk Net Income Loss Available To Common Stockholders Basic Adjusted
NetIncomeLossAvailableToCommonStockholdersBasicAdjusted
-322498000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231403000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.39
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
8678000 usd
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
43750000 shares
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
265467000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277485000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-322498000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231403000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.39
CY2020Q3 crk Temporary Equity Stock Conversion Price
TemporaryEquityStockConversionPrice
4.00
crk Participating Securities That Share In Losses
ParticipatingSecuritiesThatShareInLosses
0 shares
us-gaap Interest Paid Net
InterestPaidNet
89641000 usd
us-gaap Interest Paid Net
InterestPaidNet
143831000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
169000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
crk Noncash Or Part Noncash Increase Decrease In Accrued Capital Expenditure
NoncashOrPartNoncashIncreaseDecreaseInAccruedCapitalExpenditure
13813000 usd
crk Noncash Or Part Noncash Increase Decrease In Accrued Capital Expenditure
NoncashOrPartNoncashIncreaseDecreaseInAccruedCapitalExpenditure
785000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
108881000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4998000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34982000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2510253000 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-114100000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-352600000 usd
CY2019Q3 crk Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
175000 shares
CY2020Q2 crk Temporary Equity Dividend Rate Percentage
TemporaryEquityDividendRatePercentage
0.10
crk Temporary Equity Stock Conversion Price
TemporaryEquityStockConversionPrice
4.00

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