Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Comstock Resources (CRK)
NYSE:CRK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Sell
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 5.97%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Comstock Resources reported significant acreage expansion and operational improvements in the Western Haynesville. However, the company faced challenges due to low natural gas prices and a decline in production. Despite these challenges, Comstock improved its financial position and reserve growth, indicating a strong foundation for future growth.Company Guidance
During the Comstock Resources fourth quarter 2024 earnings conference call, CEO Jay Allison highlighted significant progress in the Western Haynesville play, where the company has amassed 518,000 net acres and increased production with 18 wells now operational. The company reported a 30-year low in realized gas prices, excluding the COVID year, at $1.98 per Mcf, but offset this by enhancing its hedging program and securing $300 million in funding for midstream developments. Comstock plans to drill 70 more wells over the next five years to maintain its acreage. The company is focusing on reducing drilling and completion costs, with drilling costs per lateral foot down 33% and completion costs down 28% from 2022 levels. Looking forward, Comstock aims to maintain financial discipline, with a focus on cash flow generation and debt reduction, while leveraging its strategic location near Gulf Coast LNG facilities.Expansion in Western Haynesville
Comstock Resources has expanded its footprint to 518,000 net acres in the Western Haynesville with 80% of the acreage HBP'ed, allowing for significant future drilling potential.
Operational Efficiency Improvements
Drilling and completion costs in the Western Haynesville have been significantly reduced, with drilling costs down 33% and completion costs down 28% compared to previous levels.
Strong Reserve Growth
Despite low gas prices, Comstock achieved a 6% reserve growth and replaced 107% of its 2024 production with 899 Bcf of drilling-related reserve additions.
Partnership with Quantum Capital Solutions
Quantum Capital Solutions committed up to $300 million for the build-out of gathering and treating systems, enhancing infrastructure for the Western Haynesville play.
Improved Financial Position
Comstock Resources improved its financial position by increasing its hedging program, enhancing liquidity with a $400 million senior notes offering, and securing a $100.5 million equity private placement.
---
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 |
|---|---|---|---|
| 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% |
| May 01, 2024 | $9.77 | $9.86 | +0.92% |
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 May 06, 2025, TBA Not Confirmed.
What is Comstock Resources (CRK) earnings time?
Comstock Resources (CRK) earnings time is at May 06, 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 (Q1) is 0.15.
---