Comstock Resources reports Q4 2022 adjusted EPS $1.05; 2022 free cash flow $673M

COMSTOCK RESOURCES INC

2022-FY EPS reported $4.11 revenue$3,628,057,000

Q4 natural gas and oil sales $557.9M (after $183.7M hedging losses); adjusted net income $287.7M ($1.05 diluted EPS).
Full-year 2022 net cash from operations $1.7B; adjusted net income $1.0B ($3.73 diluted EPS).
2022 production averaged 1,445 MMcfe/d (up 7% YoY); 1.1 Tcfe drilling additions at $0.95/Mcfe finding cost.
Declares Q1 dividend $0.125/share, payable March 15, 2023; resumed quarterly payout in December 2022.
2023 drilling budget $950M-$1.15B; releasing two of nine rigs due to low gas prices; plans 67 operated wells.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMSTOCK RESOURCES INC reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 14, 2023, Comstock Resources, Inc. ("Comstock" or the "Company") announced financial results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000023194-23-000005

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