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Mar 31, 2023
Comstock Resources Q1 2023 Earnings Report
Reported financial and operating results for the quarter ended March 31, 2023.
Key Takeaways
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.
Generated operating cash flow of $255 million or $0.92 per diluted share.
Adjusted net income to common stockholders for the quarter was $92 million or $0.33 per diluted share.
Adjusted EBITDAX was $293 million.
Oil and gas sales, including realized hedging gains, were $390 million.
Comstock Resources
Comstock Resources
Comstock Resources Revenue by Segment
Revenue by Segment
Natural Gas Sales Revenue
CapyFin.comOil Sales Revenue
CapyFin.comGas Services Revenue
CapyFin.com Forward Guidance
Comstock expects to turn an additional 17 (13.0 net) operated wells to sales in the second quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income