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Comstock Resources (CRK)
NYSE:CRK
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
-0.2Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 30.05%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and challenges. The successful Olajuwon well and improved financial performance highlight the company's strategic successes in the Western Haynesville. However, production decline, losses in gas marketing, and increased operating costs present significant challenges.Company Guidance
During the Q1 2025 earnings call, Comstock Resources provided guidance highlighting several key metrics. The company reported natural gas and oil sales of $405 million, generating $239 million in operating cash flow or $0.81 per diluted share. Adjusted EBITDAX for the quarter was $293 million, with an adjusted net income of $53.8 million or $0.18 per diluted share. The company's production averaged 1.28 Bcfe per day, reflecting a 17% decrease from Q1 2024 due to strategic rig reductions and deferred completion activities. Comstock also emphasized their continued focus on the Western Haynesville play, with plans to drill 20 wells and turn 15 to sales in 2025, alongside a midstream investment of $130 to $150 million funded by partners, targeting the growing demand for natural gas driven by rising prices and expanding LNG requirements.Successful Olajuwon Well
The Olajuwon well, located in Freestone County, was turned to sales with an initial production rate of 41 million cubic feet per day. This major step out is 24.4 miles away from the nearest producing well and confirms the geological success of the Western Haynesville play.
Improved Financial Performance
Natural gas and oil sales increased to $405 million, driven by higher natural gas prices. The company generated $239 million of operating cash flow and reported an adjusted net income of $53.8 million, compared to a loss in Q1 2024.
Drilling and Cost Efficiency
The drilling group has significantly reduced well costs and improved efficiencies, with the average lateral length for wells increasing and drilling costs per foot decreasing by 21% from the fourth quarter.
Strong Liquidity Position
Comstock ended the quarter with $510 million of borrowings, $3.1 billion in total debt, and $1 billion of liquidity. The borrowing base was reaffirmed at $2 billion.
Environmental Initiatives
The company reported a 28% improvement in greenhouse gas intensity and a 2.5% improvement in methane emission intensity from 2023. A partnership with BKV Corporation was announced to develop carbon capture projects.
CRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $18.27 | $18.87 | +3.28% |
Feb 18, 2025 | $18.94 | $20.81 | +9.87% |
Oct 30, 2024 | $12.43 | $11.56 | -7.00% |
Jul 30, 2024 | $10.21 | $9.47 | -7.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Comstock Resources (CRK) report earnings?
Comstock Resources (CRK) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Comstock Resources (CRK) earnings time?
Comstock Resources (CRK) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRK EPS forecast?
CRK EPS forecast for the fiscal quarter 2025 (Q2) is 0.15.