Comstock Resources Inc (NYSE:CRK)
$ 10.15 -0.15 (-1.46%) Market Cap: 2.97 Bil Enterprise Value: 5.76 Bil PE Ratio: 46.14 PB Ratio: 1.21 GF Score: 45/100

Q3 2023 Comstock Resources Inc Earnings Call Transcript

Oct 31, 2023 / 03:00PM GMT
Release Date Price: $12.6 (+4.56%)
Operator

Good day, and thank you for standing by, and welcome to the Q3 2023 Comstock Resources, Inc. Earnings Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to introduce your host for today's call, Jay Allison, Chairman and CEO. Please go ahead.

Miles Jay Allison
Comstock Resources, Inc. - Chairman of the Board of Directors & CEO

Good morning, everyone. In Frisco, Texas, this morning, it's 34 degrees. The Texas Rangers took a lead in the World Series, and I saw natural gas prices were up about $0.20 this morning. So we're all smiles here. We started out the day the right way.

The world of natural gas is something that is a big part of our business. Reporting a profitable third quarter with a realized gas price of only $2.41 with only 18% of our gas hedged highlights our extremely low operating cost structure and our high margins. The 18 net operated wells we turned to sales since our last update on our extensive Haynesville/Bossier acreage position continued to deliver solid

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