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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 304,472 $ 376,737 $ 887,074 $ 1,154,526
Operating expenses:        
Production and ad valorem taxes 12,578 25,386 49,730 59,891
Gathering and transportation 53,996 47,012 150,456 137,981
Lease operating 29,248 31,664 99,125 100,525
Exploration 0 0 0 1,775
Depreciation, depletion and amortization 208,350 148,190 593,281 422,350
Gas services 52,622 67,632 132,796 224,317
General and administrative 9,923 9,586 29,271 31,992
Gain on sale of assets (910) 0 (910) (125)
Total operating expenses 365,807 329,470 1,053,749 978,706
Operating income (loss) (61,335) 47,267 (166,675) 175,820
Other income (expenses):        
Gain from derivative financial instruments 75,163 14,276 89,218 76,190
Other income 274 409 927 1,467
Interest expense (54,516) (43,624) (156,005) (121,082)
Total other income (expenses) 20,921 (28,939) (65,860) (43,425)
Income (loss) before income taxes (40,414) 18,328 (232,535) 132,395
(Provision for) benefit from income taxes 14,696 (3,608) 69,094 (28,878)
Net income (loss) (25,718) 14,720 (163,441) 103,517
Net income attributable to noncontrolling interest (3,173) 0 (8,081) 0
Net income (loss) available to Comstock $ (28,891) $ 14,720 $ (171,522) $ 103,517
Net income (loss) per share:        
Basic (in dollars per share) $ (0.09) $ 0.05 $ (0.57) $ 0.37
Diluted (in dollars per share) $ (0.09) $ 0.05 $ (0.57) $ 0.37
Weighted average shares outstanding:        
Basic (in shares) 290,170 276,999 285,949 276,741
Diluted (in shares) 290,170 276,999 285,949 276,741
Dividends per share $ 0 $ 0.125 $ 0 $ 0.375
Total natural gas and oil sales        
Revenues:        
Total revenues $ 253,625 $ 305,450 $ 759,185 $ 915,176
Natural gas sales        
Revenues:        
Total revenues 252,650 304,141 756,260 911,065
Oil sales        
Revenues:        
Total revenues 975 1,309 2,925 4,111
Gas services        
Revenues:        
Total revenues $ 50,847 $ 71,287 $ 127,889 $ 239,350