Comstock Resources Earnings Reports

Comstock Resources, Inc. reported a net loss of $55.3 million for Q4 2024, which included a $126.9 million unrealized loss on hedging contracts. Excluding this item, the adjusted net income was $46.3 million, or $0.16 per share. Natural gas and oil sales totaled $336.1 million, including realized hedging gains of $47.8 million. The company's production was 124.2 Bcfe, lower than the previous year due to strategic decisions to drop rigs and defer completion activity.

Comstock Resources reported a net loss of $25.7 million for Q3 2024, impacted by weak natural gas prices. However, the company saw a 2% increase in production and made progress in its Western Haynesville exploratory play.

Comstock Resources reported a net loss of $123.2 million for Q2 2024, influenced by weak natural gas prices and an $85.8 million unrealized loss on hedging contracts. Despite these challenges, the company saw a 4% increase in production compared to Q2 2023 and generated $118.1 million in operating cash flow.

Comstock Resources reported natural gas and oil sales of $336 million, operating cash flow of $182 million, and an adjusted net loss of $8.5 million for the first quarter of 2024. The company also added 198,000 net acres to Western Haynesville and saw solid results from its Haynesville shale drilling program.

Comstock Resources reported natural gas and oil sales of $354 million, including realized hedging gains, and an adjusted EBITDAX of $244 million for Q4 2023. The company's net income available to common stockholders was $108.4 million, or $0.39 per share.

Comstock Resources reported natural gas and oil sales of $316 million, operating cash flow of $167 million, and adjusted net income of $11.7 million for the third quarter of 2023. The company continued to see solid results from its Haynesville shale drilling program.

Comstock Resources reported natural gas and oil sales of $285 million, including hedging gains. Operating cash flow was $145 million, but the company experienced a net loss of $45.7 million, though adjusted net income was near break even.

Comstock Resources reported strong financial results for Q1 2023, including operating cash flow of $255 million, adjusted net income of $92 million, and oil and gas sales of $390 million.