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Comstock Resources: Western Haynesville Is A Transformative Asset (Rating Upgrade)
Seeking Alpha· 2025-04-29 21:14
Group 1 - Elliott Gue is a recognized expert in the energy sector, with extensive education and experience, including a bachelor's and master's degree from the University of London [1] - He has contributed to a well-regarded energy-focused research publication for seven years, showcasing his stock-picking abilities and expertise [1] - In 2008, he was acknowledged as "the world's leading energy strategist" during the G-8 Summit in Tokyo, highlighting his influence in the industry [1] Group 2 - In October 2012, Elliott Gue launched the Energy & Income Advisor, an online newsletter aimed at identifying profitable opportunities in the energy sector, including growth stocks and high-yielding utilities [1] - The publication also features analysis from Roger Conrad, focusing on master limited partnerships and Canadian energy stocks, ensuring comprehensive coverage of the sector [1] - Subscribers can expect in-depth analysis and rational assessments of investment opportunities in the energy sector, maintaining the publication's reputation despite changes in the masthead [1]
Comstock to Host First Quarter 2025 Earnings and Business Update Call
Globenewswire· 2025-04-29 10:30
VIRGINIA CITY, Nev., April 29, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) is pleased to announce that the Company’s Executive Chairman & CEO, Corrado De Gasperis, and COO, William McCarthy will be providing an overview of recent financial results and current business updates on Thursday, May 8, 2025, at 4:30pm ET. We invite all investors and other interested parties to register for the webinar at the link below. Date: Thursday, May 8, 2025Time: 4:30pm ETRegister: Webi ...
Comstock Gears Up to Report Q1 Earnings: Is a Beat in Store?
ZACKS· 2025-04-24 17:35
Comstock Resources, Inc. (CRK) is set to report first-quarter earnings on April 30, after the closing bell.Let us analyze the factors that are expected to have influenced CRK’s performance in the first quarter of 2025. Before that, it is worth taking a look at the company’s performance in the last reported quarter.Highlights of Q4 EarningsIn the last reported quarter, the exploration and production company’s earnings surpassed the consensus mark. CRK reported an adjusted earnings of 16 cents per share, whic ...
Comstock Metals and RWE Clean Energy Enter Strategic Solar Recycling Partnership
Newsfilter· 2025-04-16 10:30
VIRGINIA CITY, Nev., April 16, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) announced today that its subsidiary, Comstock Metals LLC ("Comstock Metals"), a pioneer in sustainable, zero-landfill solar panel recycling has entered into a Master Services Agreement (MSA) with RWE Clean Energy, the U.S. subsidiary of leading global energy company, RWE. Comstock Metals will provide RWE with recycling, decommissioning, and logistics services for their expansive U.S. solar installations ensuring a zero-landfil ...
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Globenewswire· 2025-04-10 10:30
VIRGINIA CITY, Nev., April 10, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced that Corrado De Gasperis, Executive Chairman and CEO of Comstock, will be presenting at the Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClub on Wednesday, April 23, 2025, at 8:00 AM Pacific Time. To access the live presentation, please use the following information: Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClubDate: Wednesday, ...
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Newsfilter· 2025-04-10 10:30
Company Overview - Comstock Inc. (NYSE:LODE) focuses on innovating and commercializing technologies for energy abundance by efficiently extracting and converting under-utilized natural resources into renewable fuels and recovered electrification metals [3] - The company is also developing artificial intelligence technologies for advanced materials development and sustainable mining [3] Event Announcement - Corrado De Gasperis, Executive Chairman and CEO of Comstock, will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 8:00 AM Pacific Time [1] - The presentation will be accessible via a live webcast [1] Investor Engagement - For those unable to attend the live presentation, all company presentations will be available on the conference event platform [2] - Investors can register for the event and book one-on-one meetings with Comstock Inc. [2]
Comstock's Q4 Earnings Up Y/Y on ParkX Growth, Stock Soar 48%
ZACKS· 2025-03-26 19:05
Core Insights - Comstock Holding Companies, Inc. (CHCI) shares have increased by 47.9% since the earnings report for Q4 2024, significantly outperforming the S&P 500's 1.9% growth during the same period [1] - The company reported a substantial rise in earnings per share to 99 cents, up from 18 cents year-over-year, with revenues increasing by 54% to $16.9 million [2] - Net income surged to $10.3 million, a significant increase from $1.9 million a year ago, driven by a 162% rise in operating income [2] Financial Performance - Comstock's managed portfolio expanded to 72 assets from 49 in the previous year, with ParkX Management contributing a 56% revenue increase for the quarter and 69% for the full year [3] - The company generated $7.8 million in operating cash flow during the quarter and ended the year with $28.8 million in cash, up from $18.8 million the previous year [3] - Leasing metrics showed strong performance, with stabilized commercial properties achieving a 93% lease rate and the residential portfolio at 96% leased [4] Management Commentary - The CEO emphasized a consistent financial performance since adopting an asset-light, debt-free model, with a compound annual growth rate of 25% in top-line revenues [5] - The company is well-positioned for future growth, supported by strong recurring fee-based revenue streams and a healthy balance sheet [5][6] Revenue Drivers - Year-over-year growth was primarily driven by increases in recurring fee-based property and parking management revenues, alongside supplemental asset management fee revenues [7] - Operating costs rose at a slower pace than revenues, with the cost of revenue increasing by 33% to $11.3 million and total operating expenses rising by 30% to $11.8 million [7] Non-Operating Factors - Interest income increased to $0.2 million from $0.1 million in the prior-year quarter, and a tax benefit of $5 million in Q4 significantly boosted net income [8] Full-Year Overview - For the full year 2024, revenues increased by 15% to $51.3 million, while net income surged by 87% to $14.6 million, with earnings per share improving to $1.41 from 77 cents in 2023 [9] Development Projects - Comstock is making progress on The Row at Reston Station, a major development project that includes luxury residential and commercial spaces, with pre-sales for the JW Marriott-branded condos exceeding expectations [10]
Comstock Settles Strategic Commitments and Strengthens Balance Sheet
Newsfilter· 2025-03-25 10:30
VIRGINIA CITY, Nev., March 25, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock," "our" and the "Company"), today announced the timely completion of two successful settlements of prior outstanding strategic commitments. These commitments originated from prior acquisitions of foundational assets and intellectual property that have been instrumental in advancing Comstock's renewable fuels and metals businesses. Comstock has eliminated regular cash payments and reinforced its financial position to ...
Comstock Announces 2025 Annual Meeting and Record Date
Newsfilter· 2025-03-19 10:30
VIRGINIA CITY, Nev., March 19, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock," "our" and the "Company"), today announced its 2025 Annual Meeting of shareholders will be held online May 22, 2025 in a virtual-only format via webcast. Comstock shareholders as of the record date of March 25, 2025, can participate in the online annual meeting, including to vote their shares electronically and/or submit questions during the meeting. The Company's proxy statement will be sent to shareholders of rec ...
Comstock(LODE) - 2024 Q4 - Earnings Call Transcript
2025-03-07 01:17
Financial Data and Key Metrics Changes - Company revenues grew in 2024 to $3 million from $1.3 million in 2023, with $401,000 of that increase related to operations of the solar panel recycling facility [40] - The company reported an overall net loss of $53 million or $3.21 per share for the full year, which included several nonrecurring one-time items [41][42] - Cash flows were robust, with net cash flows over a six-year period from one resource estimated at nearly a quarter of a billion dollars [33] Business Line Data and Key Metrics Changes - Comstock Fuels reported a net loss of $5.3 million, down from a $7.1 million loss in 2023, while Comstock Metals reported a net loss of $3 million, compared to a $1.9 million loss in 2023 [48] - Comstock Mining reported net income of $1.6 million, improving from a $500,000 loss in 2023, driven by increased lease revenue and a gain from the sale of mining assets [49] Market Data and Key Metrics Changes - The company secured customers throughout the Southwest region and beyond, including Florida, Pennsylvania, New Jersey, and Alberta, Canada [8] - The first commercial demonstration facility for Comstock Metals has been operating for nearly a year, with intake revenues slightly above expectations at over $500 per ton [67] Company Strategy and Development Direction - The company aims to maximize three shifts at its demonstration facility and secure project-level funding for scaling operations [75] - Comstock is focused on building a sustainable global biofuel system and plans to close on a series A funding round by Q2 2025 [77][80] - The company intends to invest $1 to $2 million in 2025 to upgrade and expand its existing Dayton consolidated resource [59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for generative AI to drive innovation in material science, with direct applications to Comstock Fuels and Comstock Metals [42] - The company anticipates significant revenue growth in 2025, with expectations of billings growing to over $2.5 million for the full year [58] - Management highlighted the importance of strategic partnerships and project-level financing to support growth and reduce cash demands on Comstock [57] Other Important Information - The company completed a one-for-ten reverse stock split, with 24,238,453 shares outstanding [39] - A $152 million allocation of qualified private activity bonds from Oklahoma state treasurer was secured, which is a significant and rare allocation [20] Q&A Session Summary Question: How will the rapid growth plan for fuels be possible from a human capacity and capital perspective? - Management indicated that they have the feedstock capacity to meet the US mandate and are utilizing project-level financing to attract capital [106][110] Question: Is there any contingency regarding capital that Comstock needs to provide for each of these projects? - Management clarified that the international licenses would generate significant revenues from engineering fees and royalties without requiring upfront capital from Comstock [120][122] Question: Are there plans for growth opportunities abroad, such as in Australia? - Management confirmed that while the focus has been on the Southwest US, there is interest from multiple continents for international joint ventures due to the efficiency and scalability of their technology [134]