NYSE$CRK
Comstock Resources Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial and operating results for the quarter ended March 31, 2023.
Comstock Resources reported strong financial results for Q1 2023, including operating cash flow of $255 million, adjusted net income of $92 million, and oil and gas sales of $390 million.
- Generated operating cash flow of $255 million or $0.92 per diluted share.
- Adjusted net income to common stockholders for the quarter was $92 million or $0.33 per diluted share.
- Adjusted EBITDAX was $293 million.
- Oil and gas sales, including realized hedging gains, were $390 million.
Headline financials
Revenue & EPS history
Comstock Resources · Revenue · Quarterly
$490M
Revenue by segment
Comstock Resources · $490M total across 3 segments · Q1 2023
- Natural gas sales$378M—77.2%
- Gas services$110M—22.4%
- Oil sales$1.94M—0.4%
Forward guidance
Comstock expects to turn an additional 17 (13.0 net) operated wells to sales in the second quarter of 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+4.3%
Avg return
30 days after
43%
29 / 68 earnings
Positive
+60.6%
Q2 2015
Best reaction
-28.8%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.5% | -13.0% | -25.2% | |
| Q4 2025 | -6.1% | -9.2% | +1.9% | |
| Q3 2025 | +4.1% | +19.7% | +39.5% | |
| Q1 2025 | +3.3% | +18.1% | +27.5% | |
| Q4 2024 | +9.9% | +0.8% | +5.2% | |
| Q3 2024 | -3.3% | -3.0% | +30.3% | |
| Q2 2024 | -6.3% | -17.7% | +6.3% | |
| Q1 2024 | -2.0% | +2.6% | +16.4% | |
| Q4 2023 | -5.6% | -1.0% | +6.4% | |
| Q3 2023 | +2.9% | +8.7% | -17.9% | |
| Q2 2023 | -5.9% | -2.4% | -4.4% | |
| Q1 2023 | -13.4% | -15.6% | -18.1% | |
| Q4 2022 | +6.1% | -2.0% | -13.2% | |
| Q3 2022 | -2.2% | -1.9% | -7.2% | |
| Q2 2022 | +0.3% | -2.0% | +23.0% | |
| Q1 2022 | +4.2% | -2.2% | +19.5% | |
| Q4 2021 | -1.9% | -0.4% | +28.1% | |
| Q3 2021 | -1.1% | +0.2% | -20.4% | |
| Q2 2021 | -2.9% | -1.5% | +13.1% | |
| Q1 2021 | -0.2% | +1.6% | +10.4% | |
| Q4 2020 | +13.7% | +14.8% | -2.8% | |
| Q3 2020 | -12.6% | -15.9% | -7.1% | |
| Q2 2020 | -4.1% | +1.1% | -14.8% | |
| Q1 2020 | -4.6% | -4.8% | -26.7% | |
| Q4 2019 | -9.1% | -0.3% | -13.8% | |
| Q3 2019 | +7.4% | -2.3% | -8.5% | |
| Q2 2019 | -4.8% | -7.1% | +36.7% | |
| Q1 2019 | -1.6% | -6.3% | -28.3% | |
| Q4 2018 | +7.7% | +6.8% | +4.5% | |
| Q3 2018 | +6.0% | +4.2% | -1.9% | |
| Q2 2018 | -3.8% | -3.2% | -14.4% | |
| Q1 2018 | +20.9% | +28.7% | +42.5% | |
| Q4 2017 | -4.1% | +3.0% | -4.4% | |
| Q3 2017 | +12.6% | +17.0% | +23.0% | |
| Q2 2017 | -2.3% | -2.2% | -6.1% | |
| Q1 2017 | +2.7% | +8.6% | -13.4% | |
| Q4 2016 | -8.3% | -3.0% | -13.1% | |
| Q3 2016 | +2.7% | -4.1% | +28.7% | |
| Q2 2016 | -28.8% | +2.2% | +67.6% | |
| Q1 2016 | +6.8% | — | — | |
| Q4 2015 | -10.8% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +60.6% | — | — | |
| Q1 2015 | -5.8% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | -20.0% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | -0.1% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | -7.9% | — | — | |
| Q3 2012 | -4.2% | — | — | |
| Q2 2012 | -10.8% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2008 | +2.9% | — | — | |
| Q4 2011 | +2.9% | — | — | |
| Q3 2011 | +3.4% | — | — | |
| Q2 2011 | -18.0% | — | — | |
| Q1 2010 | -4.5% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2010 | +7.4% | — | — | |
| Q3 2009 | +1.9% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2009 | +2.7% | — | — | |
| Q2 2010 | +2.7% | — | — | |
| Q4 2009 | +2.7% | — | — |
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