Reports Q4 revenue $922.4M, consensus $657.15M. Comstock’s natural gas and oil sales in the fourth quarter of 2022 totaled $557.9 million . Net cash provided by operating activities generated in the fourth quarter was $434.5 million, and net income available to common stockholders for the fourth quarter of 2022 was $516.9 million or $1.87 per share. Reported net income in the quarter included a pre-tax $302.8 million unrealized gain on hedging contracts held for risk management. Excluding this item and certain other items, adjusted net income available to common stockholders for the fourth quarter of 2022 was $287.7 million, or $1.05 per diluted share.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CRK:
- COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS
- Comstock Resources options imply 4.7% move in share price post-earnings
- Comstock Resources price target lowered to $11 from $16 at Truist
- Comstock Resources added 1.1 Tcfe to its proved reserves in 2022
- COMSTOCK RESOURCES, INC. ANNOUNCES 9% PROVED RESERVE GROWTH IN 2022