Comstock Resources Q1 2023 net income $134.5M ($0.49/share); adjusted EPS $0.33

COMSTOCK RESOURCES INC

2023-Q1 EPS reported $0.49 revenue$489,578,000

Revenue (incl. hedging gains) of $390.4M; operating cash flow $254.9M ex. working capital.
Adjusted EBITDAX of $293M; production cost $0.83/Mcfe; unhedged operating margin 72%.
Drilled 18 (13.7 net) operated Haynesville wells; 19 (11.6 net) turned to sales in Q1.
Campbell #2H well IP of 36 MMcf/day highlights Western Haynesville program.
Quarterly dividend $0.125/share declared, payable June 15 to holders of record June 1.

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 0.9

COMSTOCK RESOURCES INC reported the quarter ended March 31, 2023 results: revenue $390.4 million, net income $134.5 million, EPS $0.49 per share.

Period: the quarter ended March 31, 2023
Revenue: $390.4 million
Net income: $134.5 million
EPS: $0.49 per share
Result: reported results

Exact text from the filing

Comstock's revenues in the first quarter of 2023 totaled $390.4 million (including realized hedging gains of $10.4 million). Net cash provided by operating activities (excluding changes in working capital) generated in the first quarter of 2023 was $254.9 million, and net income available to common stockholders for the first quarter was $134.5 million or $0.49 per share.

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Source: SEC EDGAR

accession 0000023194-23-000017

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