NYSE$CRK
Comstock Resources Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Comstock Resources reported its financial and operating results for the fourth quarter and full year ended December 31, 2024.
Comstock Resources reported a net loss of $55.3 million for Q4 2024, with total revenues of $366.5 million. The company's production costs per Mcfe averaged $0.72, and it achieved an adjusted EBITDAX of $252.2 million.
- Natural gas and oil sales, including realized hedging gains, totaled $336 million.
- Operating cash flow was $223 million or $0.76 per share.
- Adjusted net income was $46.3 million or $0.16 per share for the quarter.
- Six successful wells were turned to sales in the Western Haynesville with an average daily initial production rate of 40 MMcf per well.
Headline financials
Revenue & EPS history
Comstock Resources · Revenue · Quarterly
$367M
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 plans to increase its operating drilling rigs from five to seven in 2025, with four rigs dedicated to the Western Haynesville. The company expects to spend approximately $1.0 billion to $1.1 billion on development and exploration projects and $130 million to $150 million on its Western Haynesville midstream system.
Tailwinds
- Increase in operating drilling rigs from five to seven in 2025.
- Four rigs will be devoted to the Western Haynesville to delineate the new play.
- Plans to drill 46 (40.3 net) operated horizontal wells in 2025.
- Plans to turn 46 (39.7 net) operated wells to sales in 2025.
- Midstream system development funded by midstream partnership.
Headwinds
- Significant capital expenditure of $1.0 billion to $1.1 billion for development and exploration projects.
- Additional capital expenditure of $130 million to $150 million on Western Haynesville midstream system.
- No specific negative guidance provided in the report.
- No specific negative guidance provided in the report.
- No specific negative guidance provided in the report.
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 Q4 2024
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro