Comstock Resources, Inc. Earnings Recaps
Q3 2025
Nov 5, 2025
Comstock Resources delivered strong Q3 results, characterized by a notable increase in natural gas sales to $335 million, driven by heightened demand and strategic divestitures aimed at bolstering the company's financial position.
Key takeaways
- Achieved adjusted net income of $28 million ($0.09 per diluted share), reversing losses from Q3 2024.
- Production averaged 1.22 Bcfe/day, with new wells contributing to future growth in the Western Haynesville area.
- Completed the sale of nonstrategic assets, including Cotton Valley wells for $15.2 million and pending divestiture of Shelby Trough properties for $430 million.
- EBITDAX for the quarter reached $249 million, reflecting strong operational efficiency and higher commodity prices.
- Continued focus on drilling efficiency, with costs averaging $1,229 per lateral foot, positioning Comstock competitively in the basin.