Comstock Resources

Comstock Resources, Inc. engages in the acquisition, development, and exploration of oil and natural gas. The firm operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas. The company was founded in 1919 and is headquartered in Frisco, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Comstock Resources excels in Q4, eyes growth in Haynesville

Comstock Resources delivered robust financial performance in Q4 2022, driven by increased production and strategic balance sheet improvements. The company's focus on natural gas in the Haynesville region, coupled with operational efficiency, positions it well for future growth despite inflation uncertainties and operational challenges.

Comstock Resources reports Q1 growth amidst LNG market focus

Comstock Resources reported positive production growth and earnings in Q1 2023 despite challenges from low natural gas prices and rising operating costs.
The company's strategic focus on LNG markets, operational efficiencies, and environmental responsibility positions it for future growth and sustainability.
Analyst inquiries highlighted the need for effective financial and operational management to navigate market uncertainties and optimize performance.
Overall, Comstock Resources remains optimistic about its outlook for 2023, emphasizing responsible capital stewardship and long-term partnerships.

Comstock Resources reports solid Q2 performance amidst natural gas challenges

Comstock Resources had a solid performance in Q2 2023, with a focus on increasing natural gas production and optimizing operational efficiency. Despite challenges from market conditions, they are strategically positioned to capitalize on future natural gas demand and LNG export growth.

Comstock Resources posts profitable Q3, eyes growth amid operational challenges

Comstock Resources delivered a profitable Q3 with strong financial performance, operational growth, and efficient cost management, positioning the company for future success.
Strategic partnerships, focus on infrastructure development, and prudent financial management underscore Comstock's commitment to sustainable growth and stakeholder value.
Challenges in capital management, legacy production balancing, and debt control require careful navigation, while opportunities in expansion, acreage optimization, and operational enhancements pave the way for continued success.

Comstock Resources reports robust Q4 earnings amidst market challenges

Comstock Resources delivered solid financial results, implemented strategic measures to safeguard its financial position, and emphasized operational efficiency. Challenges include production timing alignment and leverage ratio monitoring, while opportunities exist in cost reductions and operational optimization.

Comstock Resources reports resilient Q1 performance amid market challenges

Comstock Resources delivered a solid performance in Q1 2024, showcasing financial strength and operational resilience amidst market challenges.
The company's strategic investments in asset acquisitions, drilling efficiencies, and cost management reflect a commitment to long-term value creation and growth.
With a focus on maximizing efficiencies, monitoring market conditions, and leveraging opportunities in the LNG market, Comstock Resources is poised for sustainable success.

Comstock Resources reports strong Q2 performance and eyes gas price appreciation for growth

Comstock Resources showcased strong financials and operational successes in Q2 2024, emphasizing their focus on the Western Haynesville play. While managing debt levels and monitoring gas prices pose challenges, opportunities lie in gas price appreciation, production growth, and LNG demand.

Comstock Resources optimizes operations in Western Haynesville for growth

Comstock Resources remains focused on maximizing acreage potential, optimizing operations, and adapting to market conditions for future growth.
Despite challenges in natural gas prices and operational complexities, the company is on the right path for growth in natural gas demand.
The earnings call highlighted strategic initiatives, successful drilling results, and financial support, positioning Comstock for future profitability.

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Comstock (CRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Comstock Resources (CRK) Reports Next Week: Wall Street Expects Earnings Growth

FRISCO, TX, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its proved natural gas and oil reserves as of December 31, 2022 were estimated at 6.7 trillion cubic feet equivalent ("Tcfe"), which represents a 9% increase from total proved natural gas and oil reserves of 6.1 Tcfe as of December 31, 2021.

COMSTOCK RESOURCES, INC. ANNOUNCES 9% PROVED RESERVE GROWTH IN 2022

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NEW YORK , Jan. 30, 2023 /PRNewswire/ -- S&P SmallCap 600 constituent Agree Realty Corp. (NYSE:ADC) will replace STORE Capital Corp. (NYSE:STOR) in the S&P MidCap 400, and Comstock Resources Inc. (NYSE:CRK) will replace Agree Realty in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 6. STORE Capital is being acquired in a transaction expected to be completed soon pending final conditions.

Agree Realty Set to Join S&P MidCap 400; Comstock Resources to Join S&P SmallCap 600

FRISCO, TX, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) 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.

COMSTOCK RESOURCES, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS DATE AND CONFERENCE CALL INFORMATION

Comstock Resources, Inc.'s industry-leading low costs are likely to be just that for the foreseeable future. The close location to exporting facilities is a huge transportation cost advantage.

Comstock Resources: Going For Low And Lower

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At current strip, Comstock is projected to generate over $1 billion in positive cash flow in 2023 before dividends. Jerry Jones converted his preferred shares into common shares to help take advantage of Comstock's new $0.50 per share annualized dividend.

Comstock Resources May Generate Over $1 Billion In Positive Cash Flow In 2023

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FRISCO, TX, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) 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.

COMSTOCK RESOURCES, INC. ANNOUNCES CONVERSION OF PREFERRED STOCK

FRISCO, TX, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that Trey Newell will be joining the Company as Vice President of Corporate Development to support a new initiative to develop new markets for the Company's natural gas production in the Haynesville shale in East Texas and North Louisiana. Lori Kanaman also recently joined the Company to head up the Company's natural gas marketing group as Vice President of Marketing.

COMSTOCK RESOURCES, INC. ANNOUNCES MANAGEMENT TEAM CHANGES

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Activist investor Dan Loeb's Third Point funds filed a 13F report disclosing a new 3.9 million share Range Resources (US:RRC) stake and a three million share slug of Comstock Resources (US:CRK).

Activist Dan Loeb's Third Point Took New Range, Comstock Resources Stakes

FRISCO, TX, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that the Company has entered into a new senior secured revolving credit facility, which extends the maturity of Comstock's existing bank credit facility to November 15, 2027. The new credit facility has an initial borrowing base of $2.0 billion with an elected commitment of $1.5 billion. The five-year reserve based revolving credit facility was arranged by Wells Fargo Securities, LLC with a syndicate of 17 participating banks.

COMSTOCK RESOURCES, INC. ANNOUNCES NEW BANK CREDIT FACILITY

Comstock Resources, Inc. (NYSE:CRK ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Jay Allison - Chairman and Chief Executive Officer Roland Burns - President and Chief Financial Officer Daniel Harrison - Chief Operating Officer Conference Call Participants Derrick Whitfield - Stiefel Charles Meade - Johnson Rice Fernando Zavala - Pickering Energy Partners Neal Dingmann - Truist Securities Umang Choudhary - Goldman Sachs Phillips Johnston - Capital One Paul Diamond - Citi Noel Parks - Tuohy Brothers Leo Mariani - MKM Partners Operator Good day and thank you for standing by, welcome to Third Quarter 2022 Comstock Resources Earnings Conference Call. At this time, all participants are in a listen-only mode.

Comstock Resources, Inc. (CRK) Q3 2022 Earnings Call Transcript

Comstock (CRK) delivered earnings and revenue surprises of 2.61% and 37.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Comstock Resources (CRK) Beats Q3 Earnings and Revenue Estimates

FRISCO, TX, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today announced that its Board of Directors approved the reinstatement of a quarterly cash dividend on its common stock for the fourth quarter at an annual dividend rate of $0.50 per share. A dividend of $0.125 per common share will be paid on December 15, 2022 to stockholders of record at the close of business on December 1, 2022.

COMSTOCK RESOURCES, INC. DECLARES QUARTERLY DIVIDEND

FRISCO, TX, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2022.

COMSTOCK RESOURCES, INC. REPORTS THIRD QUARTER 2022 FINANCIAL AND OPERATING RESULTS AND ANNOUNCES REINSTATEMENT OF QUARTERLY DIVIDEND

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News for Comstock Resources Stock (CRK)