Stock Track | Comstock Resources Plummets 5.05% as Earnings Miss Expectations, Production Declines

Stock Track

Feb 20, 2025

Comstock Resources Inc. (CRK) stock plummeted 5.05% in Thursday's trading session, as the company's fourth-quarter and full-year 2024 results failed to meet analysts' expectations. The plunge in the oil and gas exploration and production company's stock price can be attributed to several factors:

Firstly, Comstock Resources reported a 12% decline in its fourth-quarter production compared to the same period in 2023, averaging 1.35 billion cubic feet equivalent (BCFE) per day. The company's annual production for 2024 also fell, averaging 1.4 BCFE per day.

Secondly, the company's financial performance was disappointing. In the fourth quarter, oil and gas sales declined 5% to $336 million, while adjusted net income stood at $46 million or $0.16 per share. For the full year 2024, Comstock Resources reported a net loss of $229.7 million or $0.80 per share, a significant turnaround from the $211.6 million profit in 2023. Revenue for 2024 decreased by 20% to $1.25 billion, missing analyst estimates.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1150429537"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1150429537\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1150429537?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-20 23:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150429537","market":"hk","top_or_hot":-1,"title":"Stock Track | Comstock Resources Plummets 5.05% as Earnings Miss Expectations, Production Declines","media":"Stock Track","content":"<p>Comstock Resources Inc. (CRK) stock plummeted 5.05% in Thursday's trading session, as the company's fourth-quarter and full-year 2024 results failed to meet analysts' expectations. The plunge in the oil and gas exploration and production company's stock price can be attributed to several factors:</p>\n\n<p>Firstly, Comstock Resources reported a 12% decline in its fourth-quarter production compared to the same period in 2023, averaging 1.35 billion cubic feet equivalent (BCFE) per day. The company's annual production for 2024 also fell, averaging 1.4 BCFE per day.</p>\n\n<p>Secondly, the company's financial performance was disappointing. In the fourth quarter, oil and gas sales declined 5% to $336 million, while adjusted net income stood at $46 million or $0.16 per share. For the full year 2024, Comstock Resources reported a net loss of $229.7 million or $0.80 per share, a significant turnaround from the $211.6 million profit in 2023. Revenue for 2024 decreased by 20% to $1.25 billion, missing analyst estimates.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Comstock Resources Plummets 5.05% as Earnings Miss Expectations, Production Declines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Comstock Resources Plummets 5.05% as Earnings Miss Expectations, Production Declines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-20 23:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Comstock Resources Inc. (CRK) stock plummeted 5.05% in Thursday's trading session, as the company's fourth-quarter and full-year 2024 results failed to meet analysts' expectations. The plunge in the oil and gas exploration and production company's stock price can be attributed to several factors:</p>\n\n<p>Firstly, Comstock Resources reported a 12% decline in its fourth-quarter production compared to the same period in 2023, averaging 1.35 billion cubic feet equivalent (BCFE) per day. The company's annual production for 2024 also fell, averaging 1.4 BCFE per day.</p>\n\n<p>Secondly, the company's financial performance was disappointing. In the fourth quarter, oil and gas sales declined 5% to $336 million, while adjusted net income stood at $46 million or $0.16 per share. For the full year 2024, Comstock Resources reported a net loss of $229.7 million or $0.80 per share, a significant turnaround from the $211.6 million profit in 2023. Revenue for 2024 decreased by 20% to $1.25 billion, missing analyst estimates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRK","symbol_name":"康斯托克能源","start_time":0,"source_url":"","article_id":"1150429537","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150429537","pubTimestamp":1740063870,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Comstock Resources Inc.  stock plummeted 5.05% in Thursday's trading session, as the company's fourth-quarter and full-year 2024 results failed to meet analysts' expectations. The plunge in the oil and gas exploration and production company's stock price can be attributed to several factors:. Firstly, Comstock Resources reported a 12% decline in its fourth-quarter production compared to the same period in 2023, averaging 1.35 billion cubic feet equivalent  per day. The company's annual productio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRK":"康斯托克能源"},"translate_title":"股票赛道康斯托克资源暴跌5.05%，因盈利未达预期、产量下降","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRK":1},"content_text":"Comstock Resources Inc. (CRK) stock plummeted 5.05% in Thursday's trading session, as the company's fourth-quarter and full-year 2024 results failed to meet analysts' expectations. The plunge in the oil and gas exploration and production company's stock price can be attributed to several factors:\nFirstly, Comstock Resources reported a 12% decline in its fourth-quarter production compared to the same period in 2023, averaging 1.35 billion cubic feet equivalent (BCFE) per day. The company's annual production for 2024 also fell, averaging 1.4 BCFE per day.\nSecondly, the company's financial performance was disappointing. In the fourth quarter, oil and gas sales declined 5% to $336 million, while adjusted net income stood at $46 million or $0.16 per share. For the full year 2024, Comstock Resources reported a net loss of $229.7 million or $0.80 per share, a significant turnaround from the $211.6 million profit in 2023. Revenue for 2024 decreased by 20% to $1.25 billion, missing analyst estimates.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}