COMSTOCK RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For the Years Ended December 31, 2011, 2012 and 2013 2011 2012 2013 (In thousands, except per share amounts) Oil sales ................................................................. $ 80,244 $ 181,163 $ 231,837 Natural gas sales ........................................................... 354,123 203,651 188,453 Total oil and gas sales ................................................... 434,367 384,814 420,290 Gain on sale of oil and gas properties ........................................... — 24,271 — Total revenues ......................................................... 434,367 409,085 420,290 Operating expenses: Production taxes ......................................................... 3,670 11,727 14,524 Gathering and transportation ............................................... 28,491 26,265 17,245 Lease operating .......................................................... 46,552 51,248 52,844 Exploration ............................................................. 10,148 61,449 33,423 Depreciation, depletion and amortization ...................................... 290,776 343,858 337,134 General and administrative, net ............................................. 35,172 33,798 34,767 Impairment of oil and gas properties ......................................... 60,817 25,368 652 Loss on sale of oil and gas properties ......................................... 57 — 2,033 Total operating expenses ................................................ 475,683 553,713 492,622 Operating loss ............................................................. (41,316) (144,628) (72,332) Other income (expenses): Gain on sale of marketable securities ......................................... 35,118 26,621 7,877 Gains (losses) from derivative financial instruments ............................. — 21,256 (8,388) Loss on early extinguishment of debt ......................................... (1,096) — (17,854) Other income ........................................................... 790 944 1,059 Interest expense ......................................................... (41,592) (57,906) (73,242) Total other income (expenses) ............................................ (6,780) (9,085) (90,548) Loss from continuing operations before income taxes .............................. (48,096) (153,713) (162,880) Benefit from income taxes ................................................... 14,624 50,634 56,157 Loss from continuing operations .............................................. (33,472) (103,079) (106,723) Income from discontinued operations .......................................... — 3,019 147,752 Net income (loss) .......................................................... $ (33,472) $(100,060) $ 41,029 Net income (loss) per share: Basic — loss from continuing operations .................................. $ (0.73) $ (2.22) $ (2.22) — income from discontinued operations .............................. — 0.06 3.07 — net income (loss) .............................................. $ (0.73) $ (2.16) $ 0.85 Diluted — loss from continuing operations .................................. $ (0.73) $ (2.22) $ (2.22) — income from discontinued operations .............................. — 0.06 3.07 — net income (loss) .............................................. $ (0.73) $ (2.16) $ 0.85 Dividends per common share ................................................. $ — $ — $ 0.375 Weighted average shares outstanding: Basic ................................................................ 45,997 46,422 46,553 Diluted .............................................................. 45,997 46,422 46,553 The accompanying notes are an integral part of these statements. F-4