Comstock Resources Q2 net loss widens to $123.2 million on weak gas prices
Comstock Resources reported a second-quarter 2024 net loss of $123.2 million, or $0.43 per share, compared with a net loss of $45.7 million, or $0.17 per share, a year earlier. Total revenues fell to $246.8 million from $288.2 million as natural gas prices declined, which the company said weighed heavily on results. Adjusted net loss, which excludes an unrealized hedging loss, was $58.2 million, or $0.20 per share.
Key points
- Q2 2024 net loss of $123.2 million, or $0.43 per share, versus a net loss of $45.7 million, or $0.17 per share, in Q2 2023
- Total revenues of $246.8 million, down from $288.2 million a year earlier
- Average natural gas price of $1.65 per Mcf before hedging and $2.12 per Mcf after hedging
- Company issued $400 million of 6.75% senior notes during the period
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.