earnings
confidence high
sentiment positive
materiality 0.70
Comstock Resources Q3 adjusted EPS $0.34, production 1,424 MMcfe/d (+25%), free cash flow $84M
COMSTOCK RESOURCES INC
2021-Q3 EPS reported
-$2.66
revenue$1,195,354,000
- Adjusted net income of $91M ($0.34/diluted); GAAP net loss $293M from $393M unrealized hedging loss.
- Production rose 25% to 1,424 MMcfe/day (98% natural gas); revenue $394M (+86% YoY).
- Free cash flow $84M; adjusted EBITDAX $309M (+109%); operating cash flow $255M.
- Capital spending $167M in Q3; 55 operated wells drilled YTD, 68 turned to sales.
- Partnered with MiQ to certify natural gas production as responsibly sourced by H1 2022.