- Comstock Resources press release ( NYSE: CRK ): Q3 GAAP EPS of $1.28 beats by $0.11 .
- Revenue of $1.19B (+132.8% Y/Y) beats by $328.44M .Free cash flow from operations was $286 million in the quarter.
- Retired $250 million of debt in the third quarter and reduced leverage to under 1x.
- Adjusted net income to common stockholders for the quarter was $326 million or $1.18 per diluted share.
- Adjusted EBITDAX increased 93% in the quarter to a record high $598 million.
- Oil and gas sales, including realized hedging losses, were $692 million, 76% higher than 2021's third quarter.
- Strong results from Haynesville shale drilling program with 17 (15.2 net) operated wells turned to sales since our last update with an average initial production of 29 MMcf per day.
- Board of directors approved reinstatement of a quarterly common stock dividend to commence in the fourth quarter..
- Shares +4.87% .
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Comstock Resources GAAP EPS of $1.28 beats by $0.11, revenue of $1.19B beats by $328.44M