NYSE$CRK
Comstock Resources Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial and operating results, showing a slight adjusted net income despite weak natural gas prices.
Comstock Resources reported natural gas and oil sales of $285 million, including hedging gains. Operating cash flow was $145 million, but the company experienced a net loss of $45.7 million, though adjusted net income was near break even.
- Weak natural gas prices weighed heavily on the second quarter results.
- Natural gas and oil sales, including realized hedging gains, were $285 million.
- Operating cash flow was $145 million or $0.53 per diluted share.
- Adjusted net income was just over break even for the quarter.
Headline financials
Revenue & EPS history
Comstock Resources · Revenue · Quarterly
$288M
Revenue by segment
Comstock Resources · $288M total across 3 segments · Q2 2023
- Natural gas sales$229M—79.4%
- Gas services$58.5M—20.3%
- Oil sales$860K—0.3%
Forward guidance
Comstock Resources has planned a conference call for August 1, 2023, to discuss the second quarter 2023 operational and financial results.
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 Q2 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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