Comstock Resources Q2 net loss $45.7M; adjusted net income break-even

COMSTOCK RESOURCES INC

2023-Q2 EPS reported $0.32 revenue$777,789,000

Natural gas & oil sales $285.2M (incl $55.5M hedging); net loss $45.7M ($0.17/sh).
Operating cash flow $145.5M; Adjusted EBITDAX $182M; production cost $0.84/Mcfe.
Drilled 21 (17.2 net) Haynesville wells; turned 17 (13.0 net) to sales; avg IP 21 MMcf/d.
Western Haynesville Dinkins JG #1 reached 34 MMcf/d, McCullough Ingram A #1 at 35 MMcf/d.
Quarterly dividend $0.125/sh declared, payable Sept 15 to holders of record Sept 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 six months ended June 30, 2023 results: revenue $675.6 million, net income net income available to common stockholders was $88.8 million, EPS $0.32 per share.

Period: the six months ended June 30, 2023
Revenue: $675.6 million
Net income: net income available to common stockholders was $88.8 million
EPS: $0.32 per share
Result: reported results

Exact text from the filing

Natural gas and oil sales for the six months ended June 30, 2023 totaled $675.6 million (including realized hedging gains of $65.9 million). Operating cash flow (excluding changes in working capital) generated during the first six months of 2023 was $400.4 million, and net income available to common stockholders was $88.8 million or $0.32 per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMSTOCK RESOURCES INC reported the quarter ended June 30, 2023 results: revenue $285.2 million, net income net loss available to common stockholders for the second quarter was $45.7 million, EPS $0.17 per share.

Period: the quarter ended June 30, 2023
Revenue: $285.2 million
Net income: net loss available to common stockholders for the second quarter was $45.7 million
EPS: $0.17 per share
Result: reported results

Exact text from the filing

Comstock's natural gas and oil sales in the second quarter of 2023 totaled $285.2 million (including realized hedging gains of $55.5 million). Operating cash flow (excluding changes in working capital) generated in the second quarter of 2023 was $145.5 million, and net loss available to common stockholders for the second quarter was $45.7 million or $0.17 per share.

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Source: SEC EDGAR

accession 0000023194-23-000025

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