EX-99.1 2 crk-ex99_1.htm EX-99.1 EX-99.1

 

Exhibit 99.1

img15376905_0.jpg

5300 Town and Country Blvd., Suite 500

Frisco, Texas 75034

Telephone: (972) 668-8834

Contact: Ron Mills

VP of Finance and Investor Relations

Web Site: www.comstockresources.com

 

NEWS RELEASE

For Immediate Release

COMSTOCK RESOURCES, INC. REPORTS

SECOND QUARTER 2025 FINANCIAL AND OPERATING RESULTS

FRISCO, TEXAS, July 30, 2025 – Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE; NYSE Texas: CRK) today reported financial and operating results for the quarter ended June 30, 2025.

Highlights of 2025's Second Quarter

Higher natural gas prices in the second quarter drove improved financial results in the quarter.
Natural gas and oil sales, including realized hedging gains, were $344 million for the quarter.
Operating cash flow was $210 million or $0.71 per diluted share.
Adjusted EBITDAX for the quarter was $260 million.
Adjusted net income was $40.0 million or $0.13 per diluted share for the quarter.
Five Western Haynesville wells turned to sales in the second quarter.
These wells had an average lateral length of 10,897 feet and an average per well initial production rate of 36 MMcf per day.
The five wells were drilled and completed at an average per well cost of $2,647 per completed lateral foot.
Comstock has turned 21 wells to sales to date in 2025 in its Legacy Haynesville area with an average lateral length of 11,803 feet and a per well initial production rate of 25 MMcf per day.

Financial Results for the Three Months Ended June 30, 2025

During the second quarter of 2025, Comstock realized $3.02 per Mcf before hedging and $3.06 per Mcf after hedging for its natural gas production of 112 Bcf. As a result, Comstock's natural gas and oil sales in the second quarter of 2025 increased to $344.3 million (including realized hedging gains of $4.3 million). Operating cash flow (excluding changes in working capital) generated in the second quarter of 2025 was $209.6 million, and net income for the second quarter was $130.7 million or $0.44 per diluted share. The net income in the quarter included a pre-tax $231.6 million unrealized gain on hedging contracts held for price risk management resulting from the change in future natural gas prices since the first quarter of 2025. Excluding this item, adjusted net income for the second quarter of 2025 was $40.0 million, or $0.13 per diluted share.

 


 

Comstock's production cost per Mcfe in the second quarter averaged $0.80 per Mcfe, which was comprised of $0.37 for gathering and transportation costs, $0.28 for lease operating costs, $0.09 for production and other taxes and $0.06 for cash general and administrative expenses. Comstock's unhedged operating margin was 73% in the second quarter of 2025 and 74% after hedging.

Financial Results for the Six Months Ended June 30, 2025

For the six months ended June 30, 2025, Comstock realized $3.31 per Mcf before hedging and $3.29 per Mcf after hedging for its natural gas production of 227 Bcf. Natural gas and oil sales for the six months ended June 30, 2025 totaled $749.3 million (including realized hedging losses of $3.7 million). Operating cash flow (excluding changes in working capital) generated during the first six months of 2025 was $448.6 million, and net income was $15.3 million or $0.05 per diluted share. Net income during the first six months of 2025 included a pre-tax $90.8 million unrealized loss on hedging contracts held for risk management. Excluding this item and exploration expense, adjusted net income for the six months ended June 30, 2025 was $93.9 million or $0.32 per diluted share.

Comstock's production cost per Mcfe during the six months ended June 30, 2025 averaged $0.82 per Mcfe, which was comprised of $0.37 for gathering and transportation costs, $0.29 for lease operating costs, $0.10 for production and other taxes and $0.06 for cash general and administrative expenses. Comstock's unhedged and hedged operating margin was 75% during the first six months of 2025.

Drilling Results

Comstock drilled twelve (10.6 net) operated horizontal Haynesville/Bossier shale wells in the second quarter of 2025, which had an average lateral length of 10,388 feet. Comstock turned thirteen (12.0 net) operated wells to sales in the second quarter of 2025.

Since its last operational update in May 2025, Comstock has turned twelve (11.0 net) operated Haynesville/Bossier shale wells to sales. These wells had initial production rates that averaged 29 MMcf per day. The completed lateral length of these wells averaged 10,939 feet. Included in the wells turned to sales were four more successful Western Haynesville wells:

 

 

 

Well

 

 

Vertical

Depth

(feet)

 

 

 

Completed

Lateral (feet)

 

Initial

Production

Rate (MMcf

per day)

 

 

 

 

 

 

 

Menn PB #1

 

16,262

 

10,926

 

38

Jennings Loehr #1

 

15,582

 

12,106

 

34

Jennings FSRA #1

 

14,760

 

12,045

 

28

Bell Meyer #1

 

18,762

 

9,100

 

41

Other

Comstock and NextEra Energy Resources, LLC, a unit of NextEra Energy, Inc. (NYSE: NEE) are collaborating to explore the potential development of power generation assets near Comstock's growing Western Haynesville area. The joint project will look to integrate Comstock's growing natural gas supply and its natural gas gathering and processing and pipeline assets in its Western Haynesville area to support reliable energy solutions to potential data center customers.

 


 

Earnings Call Information

Comstock has planned a conference call for 10:00 a.m. Central Time on July 31, 2025, to discuss the second quarter 2025 operational and financial results. Investors wishing to listen should visit the Company's website at www.comstockresources.com for a live webcast. Investors wishing to participate in the conference call telephonically will need to register at:

https://register-conf.media-server.com/register/BI4a6aefc65c284c6190c230cdebdf9088.

Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call. The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: https://edge.media-server.com/mmc/p/537xytab.

If you are unable to participate in the original conference call, a web replay will be available for twelve months beginning at 1:00 p.m. CT on July 31, 2025. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/537xytab.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company's filings with the Securities and Exchange Commission ("SEC") available on the Company's website or the SEC's website at sec.gov.

Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the NYSE and the NYSE Texas under the symbol CRK.

 

 

 

 


 

COMSTOCK RESOURCES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

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

 

Gas services

 

 

130,296

 

 

 

29,229

 

 

 

230,162

 

 

 

77,042

 

Total revenues

 

 

470,262

 

 

 

246,830

 

 

 

983,116

 

 

 

582,602

 

Operating 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

 

 

 

 

Depreciation, depletion and amortization

 

 

158,379

 

 

 

194,242

 

 

 

326,270

 

 

 

384,931

 

Gas services

 

 

126,714

 

 

 

31,494

 

 

 

243,483

 

 

 

80,174

 

General and administrative

 

 

12,300

 

 

 

10,177

 

 

 

23,380

 

 

 

19,348

 

Total operating expenses

 

 

380,816

 

 

 

339,323

 

 

 

767,502

 

 

 

687,942

 

Operating income (loss)

 

 

89,446

 

 

 

(92,493

)

 

 

215,614

 

 

 

(105,340

)

Other income (expenses):

 

 

 

 

 

 

 

 

 

 

 

 

Gain (loss) from derivative financial instruments

 

 

235,847

 

 

 

(25,252

)

 

 

(94,492

)

 

 

14,055

 

Other income

 

 

2,100

 

 

 

322

 

 

 

2,439

 

 

 

653

 

Interest expense

 

 

(55,178

)

 

 

(51,932

)

 

 

(110,015

)

 

 

(101,489

)

Total other income (expenses)

 

 

182,769

 

 

 

(76,862

)

 

 

(202,068

)

 

 

(86,781

)

Income (loss) before income taxes

 

 

272,215

 

 

 

(169,355

)

 

 

13,546

 

 

 

(192,121

)

(Provision for) benefit from income taxes

 

 

(141,487

)

 

 

46,106

 

 

 

1,789

 

 

 

54,398

 

Net income (loss)

 

 

130,728

 

 

 

(123,249

)

 

 

15,335

 

 

 

(137,723

)

Net income attributable to noncontrolling interest

 

 

(5,886

)

 

 

(3,061

)

 

 

(11,771

)

 

 

(4,908

)

Net income (loss) available to the Company

 

$

124,842

 

 

$

(126,310

)

 

$

3,564

 

 

$

(142,631

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.45

 

 

$

(0.43

)

 

$

0.05

 

 

$

(0.49

)

Diluted

 

$

0.44

 

 

$

(0.43

)

 

$

0.05

 

 

$

(0.49

)

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

290,604

 

 

 

289,670

 

 

 

290,455

 

 

 

283,816

 

Diluted

 

 

294,247

 

 

 

289,670

 

 

 

294,026

 

 

 

283,816

 

 

 


 

COMSTOCK RESOURCES, INC.

OPERATING RESULTS

(In thousands, except per unit amounts)

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Natural gas production (MMcf)

 

 

112,164

 

 

 

130,861

 

 

 

227,193

 

 

 

270,304

 

Oil production (Mbbls)

 

 

13

 

 

 

15

 

 

 

23

 

 

 

27

 

Total production (MMcfe)

 

 

112,238

 

 

 

130,949

 

 

 

227,329

 

 

 

270,464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas sales

 

$

339,225

 

 

$

216,527

 

 

$

751,511

 

 

$

503,610

 

Natural gas hedging settlements (1)

 

 

4,286

 

 

 

60,552

 

 

 

(3,673

)

 

 

108,547

 

Total natural gas including hedging

 

 

343,511

 

 

 

277,079

 

 

 

747,838

 

 

 

612,157

 

Oil sales

 

 

741

 

 

 

1,074

 

 

 

1,443

 

 

 

1,950

 

Total natural gas and oil sales including hedging

 

$

344,252

 

 

$

278,153

 

 

$

749,281

 

 

$

614,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average natural gas price (per Mcf)

 

$

3.02

 

 

$

1.65

 

 

$

3.31

 

 

$

1.86

 

Average natural gas price including hedging (per Mcf)

 

$

3.06

 

 

$

2.12

 

 

$

3.29

 

 

$

2.26

 

Average oil price (per barrel)

 

$

57.00

 

 

$

71.60

 

 

$

62.74

 

 

$

72.22

 

Average price (per Mcfe)

 

$

3.03

 

 

$

1.66

 

 

$

3.31

 

 

$

1.87

 

Average price including hedging (per Mcfe)

 

$

3.07

 

 

$

2.12

 

 

$

3.30

 

 

$

2.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Cash general and administrative (2)

 

 

6,771

 

 

 

6,095

 

 

 

13,411

 

 

 

11,850

 

Total production costs

 

$

90,194

 

 

$

109,505

 

 

$

185,630

 

 

$

215,339

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Production and ad valorem taxes (per Mcfe)

 

$

0.09

 

 

$

0.14

 

 

$

0.10

 

 

$

0.13

 

Gathering and transportation (per Mcfe)

 

 

0.37

 

 

 

0.38

 

 

 

0.37

 

 

 

0.36

 

Lease operating (per Mcfe)

 

 

0.28

 

 

 

0.27

 

 

 

0.29

 

 

 

0.26

 

Cash general and administrative (per Mcfe)

 

 

0.06

 

 

 

0.05

 

 

 

0.06

 

 

 

0.04

 

Total production costs (per Mcfe)

 

$

0.80

 

 

$

0.84

 

 

$

0.82

 

 

$

0.79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unhedged operating margin

 

 

73

%

 

 

50

%

 

 

75

%

 

 

57

%

Hedged operating margin

 

 

74

%

 

 

61

%

 

 

75

%

 

 

65

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas services revenue

 

$

130,296

 

 

$

29,229

 

 

$

230,162

 

 

$

77,042

 

Gas services expenses

 

 

126,714

 

 

 

31,494

 

 

 

243,483

 

 

 

80,174

 

Gas services margin

 

$

3,582

 

 

$

(2,265

)

 

$

(13,321

)

 

$

(3,132

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural Gas and Oil Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Unproved property acquisitions

 

$

9,932

 

 

$

9,694

 

 

$

19,616

 

 

$

79,138

 

Total natural gas and oil properties acquisitions

 

$

9,932

 

 

$

9,694

 

 

$

19,616

 

 

$

79,138

 

Exploration and Development:

 

 

 

 

 

 

 

 

 

 

 

 

Development leasehold

 

$

5,295

 

 

$

2,592

 

 

$

8,851

 

 

$

6,530

 

Exploratory drilling and completion

 

 

130,997

 

 

 

52,392

 

 

 

231,104

 

 

 

158,848

 

Development drilling and completion

 

 

123,991

 

 

 

151,350

 

 

 

269,569

 

 

 

297,143

 

Other development costs

 

 

7,919

 

 

 

14,685

 

 

 

8,434

 

 

 

14,722

 

Total exploration and development capital expenditures

 

$

268,202

 

 

$

221,019

 

 

$

517,958

 

 

$

477,243

 

 

(1)
Included in gain (loss) from derivative financial instruments in operating results.
(2)
Excludes stock-based compensation.

 


 

COMSTOCK RESOURCES, INC.

NON-GAAP FINANCIAL MEASURES

(In thousands, except per share amounts)

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

ADJUSTED NET INCOME (LOSS):

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

130,728

 

 

$

(123,249

)

 

$

15,335

 

 

$

(137,723

)

Unrealized (gain) loss from derivative financial instruments

 

 

(231,561

)

 

 

85,804

 

 

 

90,819

 

 

 

94,492

 

Exploration expense

 

 

 

 

 

 

 

 

2,150

 

 

 

 

Adjustment to income taxes

 

 

140,873

 

 

 

(20,769

)

 

 

(14,419

)

 

 

(23,521

)

Adjusted net income (loss) (1)

 

$

40,040

 

 

$

(58,214

)

 

$

93,885

 

 

$

(66,752

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income (loss) per share (2)

 

$

0.13

 

 

$

(0.20

)

 

$

0.32

 

 

$

(0.24

)

Diluted shares outstanding

 

 

294,247

 

 

 

289,670

 

 

 

294,026

 

 

 

283,816

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADJUSTED EBITDAX:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

130,728

 

 

$

(123,249

)

 

$

15,335

 

 

$

(137,723

)

Interest expense

 

 

55,178

 

 

 

51,932

 

 

 

110,015

 

 

 

101,489

 

Income taxes

 

 

141,487

 

 

 

(46,106

)

 

 

(1,789

)

 

 

(54,398

)

Depreciation, depletion, and amortization

 

 

158,379

 

 

 

194,242

 

 

 

326,270

 

 

 

384,931

 

Exploration

 

 

 

 

 

 

 

 

2,150

 

 

 

 

Unrealized (gain) loss from derivative financial instruments

 

 

(231,561

)

 

 

85,804

 

 

 

90,819

 

 

 

94,492

 

Stock-based compensation

 

 

5,529

 

 

 

4,082

 

 

 

9,971

 

 

 

7,497

 

Total Adjusted EBITDAX (3)

 

$

259,740

 

 

$

166,705

 

 

$

552,771

 

 

$

396,288

 

 

(1)
Adjusted net income (loss) is presented because of its acceptance by investors and by Comstock management as an indicator of the Company's profitability excluding non-cash unrealized gains and losses on derivative financial instruments, exploration expense and other unusual items.
(2)
Adjusted net income (loss) per share is calculated to include the dilutive effects of unvested restricted stock pursuant to the two-class method and performance stock units pursuant to the treasury stock method.
(3)
Adjusted EBITDAX is presented in the earnings release because management believes that adjusted EBITDAX, which represents Comstock's results from operations before interest, income taxes, and certain non-cash items, including depreciation, depletion and amortization, unrealized gains and losses on derivative financial instruments and exploration expense, is a common alternative measure of operating performance used by certain investors and financial analysts.

 


 

COMSTOCK RESOURCES, INC.

NON-GAAP FINANCIAL MEASURES

(In thousands)

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

OPERATING CASH FLOW (1):

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

130,728

 

 

$

(123,249

)

 

$

15,335

 

 

$

(137,723

)

Reconciling items:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (gain) loss from derivative financial instruments

 

 

(231,561

)

 

 

85,804

 

 

 

90,819

 

 

 

94,492

 

Deferred income taxes

 

 

143,586

 

 

 

(46,144

)

 

 

310

 

 

 

(54,431

)

Depreciation, depletion and amortization

 

 

158,379

 

 

 

194,242

 

 

 

326,270

 

 

 

384,931

 

Amortization of debt discount and issuance costs

 

 

2,975

 

 

 

3,399

 

 

 

5,919

 

 

 

5,383

 

Stock-based compensation

 

 

5,529

 

 

 

4,082

 

 

 

9,971

 

 

 

7,497

 

Operating cash flow

 

$

209,636

 

 

$

118,134

 

 

$

448,624

 

 

$

300,149

 

(Increase) decrease in accounts receivable

 

 

34,978

 

 

 

(23,187

)

 

 

1,318

 

 

 

76,231

 

(Increase) decrease in other current assets

 

 

25,322

 

 

 

(730

)

 

 

25,881

 

 

 

4,846

 

Increase (decrease) in accounts payable and accrued expenses

 

 

77,628

 

 

 

(10,642

)

 

 

46,487

 

 

 

(126,112

)

Net cash provided by operating activities

 

$

347,564

 

 

$

83,575

 

 

$

522,310

 

 

$

255,114

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

FREE CASH FLOW (DEFICIT)(2):

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flow

 

$

209,636

 

 

$

118,134

 

 

$

448,624

 

 

$

300,149

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Exploration and development capital expenditures

 

 

(268,202

)

 

 

(221,019

)

 

 

(517,958

)

 

 

(477,243

)

Midstream capital expenditures

 

 

(54,272

)

 

 

(11,190

)

 

 

(102,940

)

 

 

(16,488

)

Other capital reimbursements (expenditures)

 

 

848

 

 

 

(942

)

 

 

762

 

 

 

(971

)

Contributions from midstream partner

 

 

33,000

 

 

 

11,000

 

 

 

92,500

 

 

 

17,000

 

Free cash deficit from operations

 

$

(78,990

)

 

$

(104,017

)

 

$

(79,012

)

 

$

(177,553

)

Acquisitions

 

 

(9,932

)

 

 

(9,694

)

 

 

(19,616

)

 

 

(79,138

)

Free cash deficit after acquisitions

 

$

(88,922

)

 

$

(113,711

)

 

$

(98,628

)

 

$

(256,691

)

 

(1)
Operating cash flow is presented in the earnings release because management believes it to be useful to investors as a common alternative measure of cash flows which excludes changes to other working capital accounts.
(2)
Free cash deficit from operations and free cash deficit after acquisitions are presented in the earnings release because management believes them to be useful indicators of the Company's ability to internally fund acquisitions and debt maturities after exploration and development capital expenditures, midstream and other capital expenditures, contributions from its midstream partner, proved and unproved property acquisitions, and proceeds from divestiture of natural gas and oil properties.

 


 

COMSTOCK RESOURCES, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

 

 

 

 

 

June 30,
2025

 

 

December 31,
2024

 

ASSETS

 

 

 

 

 

 

Cash and cash equivalents

 

$

25,859

 

 

$

6,799

 

Accounts receivable

 

 

173,528

 

 

 

174,846

 

Derivative financial instruments

 

 

136

 

 

 

4,865

 

Other current assets

 

 

69,456

 

 

 

97,524

 

Total current assets

 

 

268,979

 

 

 

284,034

 

Property and equipment, net

 

 

6,002,010

 

 

 

5,688,389

 

Goodwill

 

 

335,897

 

 

 

335,897

 

Operating lease right-of-use assets

 

 

87,838

 

 

 

73,777

 

Derivative financial instruments

 

 

139

 

 

 

 

 

 

$

6,694,863

 

 

$

6,382,097

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

Accounts payable

 

$

460,062

 

 

$

421,814

 

Accrued costs

 

 

151,798

 

 

 

146,173

 

Operating leases

 

 

48,378

 

 

 

35,927

 

Derivative financial instruments

 

 

87,909

 

 

 

8,940

 

Total current liabilities

 

 

748,147

 

 

 

612,854

 

Long-term debt

 

 

3,018,009

 

 

 

2,952,090

 

Deferred income taxes

 

 

345,426

 

 

 

345,116

 

Derivative financial instruments

 

 

74,017

 

 

 

66,757

 

Long-term operating leases

 

 

39,389

 

 

 

37,740

 

Asset retirement obligation

 

 

35,008

 

 

 

33,996

 

Total liabilities

 

 

4,259,996

 

 

 

4,048,553

 

Stockholders' Equity:

 

 

 

 

 

 

Common stock

 

 

146,535

 

 

 

146,130

 

Additional paid-in capital

 

 

1,364,857

 

 

 

1,366,274

 

Accumulated earnings

 

 

732,183

 

 

 

728,619

 

Total stockholders' equity attributable to Comstock

 

 

2,243,575

 

 

 

2,241,023

 

Noncontrolling interest

 

 

191,292

 

 

 

92,521

 

Total stockholders' equity

 

 

2,434,867

 

 

 

2,333,544

 

 

 

$

6,694,863

 

 

$

6,382,097