Comstock Resources Q1 2025 Earnings Report
Key Takeaways
Comstock Resources reported improved financial results for the first quarter of 2025, primarily driven by higher natural gas prices. The company achieved total natural gas and oil sales of $405 million and generated $239 million in operating cash flow. Despite a net loss due to unrealized hedging losses, adjusted net income was positive at $53.8 million. Comstock also resumed completion activity and successfully extended its Western Haynesville acreage with a promising step-out well.
Higher natural gas prices significantly improved financial results in Q1 2025.
Natural gas and oil sales, including realized hedging impacts, totaled $405 million.
Operating cash flow reached $239 million, or $0.81 per diluted share.
Adjusted net income for the quarter was $53.8 million, or $0.18 per diluted share.
Comstock Resources
Comstock Resources
Comstock Resources Revenue by Segment
Forward Guidance
Comstock Resources' bank group reaffirmed its $2.0 billion borrowing base under its $1.5 billion revolving credit facility on April 29, 2025.