Company: CRK
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000950170-25-100824
Chunk: 10

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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This report contains forward-looking statements that involve risks, uncertainties and assumptions that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including those described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 (the "Annual Report"). Actual results may differ materially from those anticipated in our forward-looking statements due to many factors. The following discussion should be read in conjunction with the consolidated financial statements and notes thereto included in this report and in our Annual Report.

Results of Operations

     Three Months EndedJune 30,

     Six Months EndedJune 30,

     2025

     2024

     2025

     2024

     (In thousands, except per unit amounts)

     Net Production Data:

     Natural gas (MMcf)

     112,164

     130,861

     227,193

     270,304

     Oil (MBbls)

     13

     15

     23

     27

     Natural gas equivalent (MMcfe)

     112,238

     130,949

     227,329

     270,464

     Revenues:

     Natural gas sales
      
     $
     339,225

     $
     216,527

     $
     751,511

     $
     503,610

     Oil sales

     741

     1,074

     1,443

     1,950

     Total natural gas and oil sales
      
     $
     339,966

     $
     217,601

     $
     752,954

     $
     505,560

     Expenses:

     Production and ad valorem taxes
      
     $
     10,555

     $
     19,244

     $
     21,734

     $
     37,152

     Gathering and transportation
      
     $
     41,759

     $
     49,361

     $
     84,376

     $
     96,460

     Lease operating
      
     $
     31,109

     $
     34,805

     $
     66,109

     $
     69,877

     Exploration
      
     $
     —

     $
     —

     $
     2,150