- Adjusted net income was $40 million or $0.13 per diluted share, a turnaround from a loss in Q2 2024.
- Development spending was $268 million in Q2, drilling 19 wells year-to-date with 24 wells turned to sales averaging 27 million cubic feet per day initial production.
- EBITDAX for H1 was $553 million and cash flow was $449 million, with adjusted net income of $94 million or $0.32 per diluted share compared to a loss in H1 2024.
- EBITDAX for Q2 was $260 million, with operating cash flow of $210 million or $0.71 per diluted share.
- For the first half of 2025, production averaged 1.26 Bcfe per day, 15% lower than the same period in 2024, with oil and gas sales up 22% to $749 million.
- In Q2 2025, Comstock Resources reported natural gas and oil sales of $344 million, a 24% increase despite a 14% production decline to 1.23 Bcfe per day compared to Q2 2024.
- Operating costs per Mcfe averaged $0.80 in Q2, slightly lower than prior periods, and EBITDAX margin was 74%.
- Realized natural gas price in Q2 was $3.10 per Mcf after hedging and marketing gains, with a 56% hedge coverage.
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Dafinchi