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Comstock Resources Reports Strong Q2 2025 Results

Comstock Resources Reports Strong Q2 2025 Results

Comstock Resources ( (CRK) ) has released its Q2 earnings. Here is a breakdown of the information Comstock Resources presented to its investors.

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Comstock Resources, Inc. is a leading independent natural gas producer primarily focused on the development of the Haynesville shale in North Louisiana and East Texas, known for its strategic operations in the energy sector.

In the second quarter of 2025, Comstock Resources reported improved financial results driven by higher natural gas prices, with significant increases in both natural gas and oil sales. The company also highlighted operational achievements, including the successful drilling and completion of several wells in its Western Haynesville area.

Key financial metrics for the quarter included natural gas and oil sales totaling $344 million, operating cash flow of $210 million, and an adjusted EBITDAX of $260 million. The company reported an adjusted net income of $40 million, reflecting a per-share earning of $0.13. Comstock’s operational efficiency was evident in its production cost per Mcfe averaging $0.80, contributing to a robust operating margin of 74% after hedging.

Strategically, Comstock turned 21 wells to sales in the first half of 2025, with impressive initial production rates, and announced a collaboration with NextEra Energy Resources to explore power generation assets, leveraging its natural gas supply and infrastructure.

Looking ahead, Comstock Resources remains focused on optimizing its operations and exploring strategic partnerships to enhance its market position, as reflected in management’s optimistic outlook for the remainder of the year.

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