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Sep 30, 2024
Comstock Resources Q3 2024 Earnings Report
Comstock Resources' financial performance was impacted by weak natural gas prices, but production increased slightly.
Key Takeaways
Comstock Resources reported a net loss of $25.7 million for Q3 2024, impacted by weak natural gas prices. However, the company saw a 2% increase in production and made progress in its Western Haynesville exploratory play.
Weak natural gas prices continued to weigh heavily on the third quarter financial results.
Natural gas and oil sales, including realized hedging gains, were $305 million.
Operating cash flow was $152 million or $0.52 per diluted share.
Adjusted net loss was $48.5 million or $0.17 per share for the quarter.
Revenue by Segment
Forward Guidance
Comstock Resources did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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