CRK Stock Recent News

Comstock Resources, Inc. (NYSE:CRK ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Jay Allison - Chairman and CEO Roland Burns - President and CFO Daniel Harrison - COO Ronald Mills - VP of Finance and IR Conference Call Participants Derrick Whitfield - Stifel Charles Meade - Johnson Rice Umang Choudhary - Goldman Sachs Bertrand Donnes - Truist Jacob Roberts - Tudor Pickering Holt & Company Leo Mariani - MKM Partners Paul Diamond - Citi Operator Thank you for standing by, and welcome to Comstock Resources Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Comstock (CRK) delivered earnings and revenue surprises of 25% and 27.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

The price of natural gas is down significantly to start 2023 and down almost 70% in the last six months. Comstock has a very attractive cost structure and easy access to export facilities in the Gulf.

FRISCO, TX, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release fourth quarter and annual 2022 results on February 14, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 15, 2023 to discuss the fourth quarter results.

Comstock Resources, Inc.'s industry-leading low costs are likely to be just that for the foreseeable future. The close location to exporting facilities is a huge transportation cost advantage.

At current strip, Comstock is projected to generate over $1 billion in positive cash flow in 2023 before dividends. Jerry Jones converted his preferred shares into common shares to help take advantage of Comstock's new $0.50 per share annualized dividend.

Comstock Resources, Inc. (NYSE:CRK ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Jay Allison - Chairman and Chief Executive Officer Roland Burns - President and Chief Financial Officer Daniel Harrison - Chief Operating Officer Conference Call Participants Derrick Whitfield - Stiefel Charles Meade - Johnson Rice Fernando Zavala - Pickering Energy Partners Neal Dingmann - Truist Securities Umang Choudhary - Goldman Sachs Phillips Johnston - Capital One Paul Diamond - Citi Noel Parks - Tuohy Brothers Leo Mariani - MKM Partners Operator Good day and thank you for standing by, welcome to Third Quarter 2022 Comstock Resources Earnings Conference Call. At this time, all participants are in a listen-only mode.

Comstock (CRK) delivered earnings and revenue surprises of 2.61% and 37.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Here is how Comstock Resources (CRK) and HF Sinclair (DINO) have performed compared to their sector so far this year.

Comstock Resources is an independent E&P focusing on the production of natural gas in the Haynesville Shale. The high quality of the company's acreage allows it to produce natural gas for an incredibly cheap price and at very high margins.