COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-irhome
Company Research
Source: GlobeNewswire
FRISCO, TX, May 01, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended March 31, 2024. Highlights of 2024's First Quarter Continued weak natural gas prices weighed heavily on the first quarter results.Natural gas and oil sales, including realized hedging gains, were $336 million.Operating cash flow was $182 million or $0.65 per diluted share.Adjusted EBITDAX for the quarter was $230 million.Adjusted net loss was $8.5 million for the quarter.Added $100.5 million of liquidity with a private placement equity offering to majority stockholder.Solid results from the Haynesville shale drilling program with 14 (13.5 net) operated wells turned to sales since the Company's last update with an average initial production of 25 MMcf per day.Added 198,000 net acres to Western Haynesville, increasing leasehold in the emerging play to over 450,000 net acres.Latest four Western Haynesville
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CRK
News
- Comstock Resources, Inc. (NYSE: CRK) was downgraded by analysts at Capital One Financial Co. from an "overweight" rating to an "equal weight" rating.MarketBeat
- Comstock Resources, Inc. (NYSE: CRK) had its price target raised by analysts at Mizuho from $10.00 to $11.00. They now have an "underperform" rating on the stock.MarketBeat
- Here's What Analysts Are Forecasting For Comstock Resources, Inc. (NYSE:CRK) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Comstock Resources, Inc. (NYSE:CRK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Comstock Resources First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
CRK
Earnings
- 5/1/24 - Beat
CRK
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form DEF
- CRK's page on the SEC website