Comstock Resources(US:CRK)2025-11-04 16:00Financial Performance - Natural gas and oil sales, including realized hedging gains, reached $335 million in Q3 2025[7] - Operating cash flow was $190 million, equivalent to $0.65 per diluted share[7] - Adjusted EBITDAX for Q3 2025 stood at $249 million[7] - Adjusted net income was $28 million, or $0.09 per diluted share, for the third quarter[7] Asset Divestitures - The company divested non-strategic Cotton Valley wells in East Texas and North Louisiana, generating net proceeds of $15 million[7,10] - An agreement was made to sell Shelby Trough assets in East Texas for $430 million in cash[7,10] Drilling and Production - Three Western Haynesville wells were brought online in Q3 2025, featuring an average lateral length of 8,566 feet and an average initial production rate of 32 MMcf per day[7] - In 2025, 28 wells were turned to sales in the Legacy Haynesville area, with an average lateral length of 11,919 feet and a per-well initial production rate of 25 MMcf per day[7,43] Capitalization and Liquidity - As of September 30, 2025, the company's total debt was $3169 million, with common equity at $2618 million[25] - The company maintains strong financial liquidity, exceeding $900 million, which is expected to increase following the Shelby Trough divestiture in December 2025[65]