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Jun 30, 2023
Comstock Resources Q2 2023 Earnings Report
Reported financial and operating results, showing a slight adjusted net income despite weak natural gas prices.
Key Takeaways
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.
Weak natural gas prices weighed heavily on the second quarter results.
Natural gas and oil sales, including realized hedging gains, were $285 million.
Operating cash flow was $145 million or $0.53 per diluted share.
Adjusted net income was just over break even for the quarter.
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 Resources has planned a conference call for August 1, 2023, to discuss the second quarter 2023 operational and financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income