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Jun 30, 2025
Comstock Resources Q2 2025 Earnings Report
Comstock Resources reported improved financial results in the second quarter of 2025, driven by higher natural gas prices.
Key Takeaways
Comstock Resources experienced a significant improvement in its financial performance during the second quarter of 2025, primarily due to higher natural gas prices. The company reported a net income of $130.7 million and adjusted net income of $40.0 million, with total revenues reaching $470.3 million. Operating cash flow was strong at $209.6 million, and the company continued its drilling activities, turning 13 operated wells to sales.
Natural gas and oil sales, including realized hedging gains, reached $344 million for the quarter, contributing to a total revenue of $470.3 million.
Net income for the second quarter was $130.7 million, or $0.44 per diluted share, which included a significant unrealized gain on hedging contracts.
Adjusted net income, excluding the unrealized hedging gain, was $40.0 million, or $0.13 per diluted share.
Operating cash flow for the quarter was $209.6 million, demonstrating strong cash generation from operations.
Revenue by Segment
Forward Guidance
Comstock Resources is exploring the potential development of power generation assets in its Western Haynesville area in collaboration with NextEra Energy Resources, aiming to integrate its natural gas supply and infrastructure to support potential data center customers.
Positive Outlook
- Collaboration with NextEra Energy Resources for power generation assets.
- Integration of natural gas supply and infrastructure.
- Potential to support reliable energy solutions for data center customers.
- Strategic development in the growing Western Haynesville area.
- Leveraging existing natural gas gathering, processing, and pipeline assets.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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