Comstock Resources Q3 net income $118M, adjusted EPS $0.09; $430M Shelby Trough sale

COMSTOCK RESOURCES INC

2025-Q3 EPS reported $0.45 revenue$1,432,968,000

Q3 net income $118.1M ($0.40 diluted); adjusted net income $27.9M ($0.09 diluted).
Natural gas and oil sales $335M (incl. $26.4M hedging gains); production 112 Bcf at $2.99/Mcf hedged.
Operating cash flow $190.4M; unhedged operating margin 72%, hedged 74%.
Divested Cotton Valley wells for $15M; agreed to sell Shelby Trough assets for $430M cash, close expected Dec 2025.
Three Western Haynesville wells turned to sales averaging 32 MMcf/d; 28 Legacy Haynesville wells averaged 25 MMcf/d.

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