Comstock Resources Inc. today reported financial and operating results for the quarter and year ended December 31, 2023. Highlights of 2023's Fourth Quarter Continued weak natural gas prices weighed heavily on the fourth quarter results. Natural gas and oil sales, including realized hedging gains, were $354 million. Adjusted EBITDAX for the quarter was $244 million. Operating cash flow was $207 million or $0.75 per share [...]
Comstock Resources Inc. plans to release fourth quarter 2023 results on February 13, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 14, 2024 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI9aed23e8af74454f89bd226e82af31c9. Upon registering to [...]
Comstock Resources Inc. today reported financial and operating results for the quarter ended September 30, 2023. Highlights of 2023's Third Quarter Continued weak natural gas prices weighed heavily on the third quarter results. Natural gas and oil sales, including realized hedging gains, were $316 million. Operating cash flow was $167 million or $0.60 per diluted share. Adjusted EBITDAX for the quarter was $209 million [...]
Comstock Resources Inc. plans to release third quarter 2023 results on October 30, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on October 31, 2023 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BIfc74a143ead8420db183d8bae061d4c9. Upon registering to [...]
Comstock Resources Inc. today reported financial and operating results for the quarter ended June 30, 2023. Highlights of 2023's Second Quarter Weak natural gas prices have 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 EBITDAX for the quarter was $182 million. Adjusted [...]
Comstock Resources Inc. plans to release second quarter 2023 results on July 31, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on August 1, 2023 to discuss the second quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BId240081b2bc14ea8931c4866b16b9dbd. Upon registering to [...]
Comstock Resources Inc. today reported financial and operating results for the quarter ended March 31, 2023. Highlights of 2023's First Quarter Generated operating cash flow of $255 million or $0.92 per diluted share. Adjusted net income to common stockholders for the quarter was $92 million or $0.33 per diluted share. Adjusted EBITDAX was $293 million. Oil and gas sales, including realized hedging gains, were $390 [...]
Comstock Resources Inc. plans to release first quarter 2023 results on May 2, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 3, 2023 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI7639b1d21a9745e8b2011583a0365914. Upon registering to participate in [...]
Comstock Resources Inc. today reported financial and operating results for the quarter and year ended December 31, 2022. Highlights Generated free cash flow from operations of $673 million in 2022, including $129 million in the fourth quarter. Production in the fourth quarter increased 7% from last year to 1,445 MMcfe per day. Oil and gas sales, including realized hedging losses, were $2.3 billion in 2022 and $558 million [...]
Comstock Resources Inc. announced today that its proved natural gas and oil reserves as of December 31, 2022 were estimated at 6.7 trillion cubic feet equivalent , which represents a 9% increase from total proved natural gas and oil reserves of 6.1 Tcfe as of December 31, 2021. The reserve estimates were determined under SEC guidelines and were audited by the Company's independent reserve engineering firm. The 6.7 Tcfe of [...]
Comstock Resources Inc. plans to release fourth quarter and annual 2022 results on February 14, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 15, 2023 to discuss the fourth quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BId7bb63a06a2246038d691f84bbfe8331. Upon [...]
Comstock Resources Inc. announced today that effective November 30, 2022, all outstanding shares of the Company's Series B Convertible Preferred Stock have been converted into 43,750,000 shares of common stock. The Series B Convertible Preferred Stock was issued in July 2019 in connection with the acquisition of Covey Park Energy LLC as part of the financing for this transformational acquisition. Jerry Jones, the [...]