Welcome to our dedicated page for Comstock Rscs news (Ticker: CRK), a resource for investors and traders seeking the latest updates and insights on Comstock Rscs stock.
Comstock Resources, Inc. (NYSE: CRK) is an independent natural gas producer focused on the development of the Haynesville shale in North Louisiana and East Texas. This news page aggregates company announcements, earnings releases, operational updates, and collaboration news so readers can follow how Comstock’s Haynesville-focused strategy evolves over time.
Visitors can review quarterly financial and operating results, where Comstock reports natural gas and oil sales, production volumes, production costs per unit, and non-GAAP measures such as adjusted net income, adjusted EBITDAX, and operating cash flow. These releases often include detailed drilling and completion updates for Haynesville and Bossier shale wells in both the Legacy Haynesville and Western Haynesville areas, with information on lateral lengths and initial production rates.
In addition to earnings coverage, the news feed includes announcements about conference call schedules, webcasts, and slide presentations that accompany results, as well as items such as the company’s dual listing on NYSE Texas. Readers can also find news on asset divestitures in East Texas and North Louisiana, agreements to sell properties, and portfolio adjustments that reflect Comstock’s focus on its Haynesville position.
Comstock’s news flow also features updates on collaborations and infrastructure-related initiatives, such as its exclusive, non-binding agreement with BKV Corporation to explore CCUS projects at Comstock’s natural gas processing facilities in its Western Haynesville area, and its collaboration with NextEra Energy Resources, LLC on potential power generation assets. For investors, analysts, and industry observers, this page offers a centralized view of Comstock’s latest disclosures and operational milestones. Bookmark this feed to quickly access new CRK announcements and historical press releases related to the company’s Haynesville-centered natural gas operations.
Comstock Resources reported record financial results for Q3 2022, achieving an operating cash flow of $533 million and free cash flow of $286 million. The company retired $250 million in debt, reducing leverage to under 1x. Adjusted net income was $326 million, equating to $1.18 per diluted share, with revenues reaching $692 million—76% higher than Q3 2021. The Board reinstated a quarterly dividend of $0.125 per share, the first since 2014, payable on December 15, 2022. Comstock's drilling program in the Haynesville shale contributed significantly, with 17 wells turned to sales averaging 29 MMcf per day.
Comstock Resources, Inc. (NYSE:CRK) has announced a rescheduling of its third quarter 2022 earnings release and conference call. The earnings report will be released on November 1, 2022, after the market closes, and the conference call will take place at 9:00 a.m. CT on November 2, 2022. Interested parties can register for the call to receive dial-in details. A replay of the call will be available starting at 12:00 p.m. CT on the same day. The company focuses on natural gas production primarily in the Haynesville Shale region.
Comstock Resources (NYSE: CRK) will release its third quarter 2022 financial results on November 8, 2022, after market close. A conference call to discuss these results is scheduled for November 9, 2022, at 10:00 a.m. CT. Interested participants must register in advance to receive the call-in details. The call will also be available via live webcast. A replay of the call will be accessible for twelve months starting from the broadcast.
Comstock is recognized as a leading independent natural gas producer, primarily operating in the Haynesville Shale region.
Comstock Resources (CRK) reported strong second-quarter results for 2022, generating $190 million in free cash flow. The company retired $271 million in senior notes, reducing its annualized leverage ratio to 1.2x. Adjusted net income was $274 million or $1.00 per diluted share, a significant increase in EBITDAX by 105% to $515 million. Oil and gas sales surged 86% year-over-year to $604 million. The company also completed a strategic acquisition and achieved certification for natural gas production under MiQ standards.
Comstock Resources, Inc. (NYSE:CRK) is set to release its second quarter 2022 results on August 1, 2022 after market close. A conference call will follow on August 2, 2022 at 10:00 a.m. CT to discuss the results. Interested participants must register via the provided link to receive the dial-in number. The call will also be accessible in listen-only mode on the company's website. A replay will be available for twelve months post-call. Comstock Resources is recognized for its natural gas production, particularly in the Haynesville Shale region.
Comstock Resources reported strong financial results for Q1 2022, generating free cash flow of $68 million and reducing debt by $85 million.
Adjusted EBITDAX rose by 27% to $333 million, with revenues reaching $408 million, a 23% increase year-over-year. Operating cash flow surged 44%, amounting to $297 million or $1.07 per diluted share. Despite a reported net loss of $115.7 million due to hedging losses, adjusted net income was $136 million or $0.51 per diluted share. Comstock turned 33 new wells to sales with an average production of 29 MMcf per day.
Comstock Resources (CRK) has announced the early redemption of its 7.50% Senior Notes due 2025, with an outstanding amount of $244.4 million. The total redemption price will be approximately $249.0 million, payable on May 15, 2022, including accrued interest. The redemption will be funded using cash on hand and borrowings from its revolving credit facility. Notices of redemption are being sent to all registered holders of the notes.
Comstock Resources (NYSE:CRK) will release its first quarter 2022 results on May 3, 2022, after market close. A conference call is set for 10:00 a.m. CT on May 4, 2022. Interested parties can join by dialing 844-776-7840 or 661-378-9538 for international calls. The conference call will also be accessible via a live broadcast on the company’s website. A replay will be available from 1:00 p.m. CT on May 4 until 1:00 p.m. CT on May 11.
Comstock Resources (NYSE: CRK) reported financial results for Q4 and the year ended December 31, 2021. The company generated $105 million in free cash flow for Q4 and $262 million for the year. Revenues for Q4 reached $379.9 million, a 37% increase from the previous year, despite incurred hedging losses. Adjusted net income for Q4 was $99 million or $0.37 per diluted share. The company's production increased 12% to 1,348 MMcfe per day. Plans for 2022 include a capital budget of $750 million to $800 million focused on drilling and completions.
Comstock Resources (CRK) reported a significant increase in its proved oil and natural gas reserves, totaling 6.1 trillion cubic feet equivalent (Tcfe) as of December 31, 2021, up from 5.6 Tcfe in 2020. The company's reserve estimates, audited under SEC guidelines, show 37% of these reserves developed and 98% operated by Comstock. The PV-10 Value of future cash flows is approximately $6.8 billion, based on average prices of $3.33 per Mcf for gas and $62.38 per barrel for oil. In 2021, Comstock produced 1.2 million barrels of oil and 489.3 Bcf of natural gas, achieving a reserve replacement ratio of 199%.