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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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