Comstock Holdings has transformed into a fee-based, asset-light model, driving consistent net income and margin growth since 2018. The company boasts robust recurring revenue, high insider ownership, and zero debt, but funds growth through share dilution rather than leverage. Valuation is compelling: Comstock trades at a steep discount to sector peers despite strong operational and financial performance.
Comstock Resources' Western Haynesville wells deliver 50% higher flow rates than legacy acreage. Lower land costs in Western Haynesville position Comstock as a potential low-cost gas producer. At $400 per acre, Western Haynesville land costs are negligible compared to the $60K per acre seen in the Permian.
CHCI reports a significant year-over-year surge in Q1 earnings per share, driven by fee-based revenue growth and strong leasing momentum, partly offset by rising costs.
Real Estate - Services Industry | Real Estate Sector | Corrado F. De Gasperis CEO | XBER Exchange | US2057504092 ISIN |
US Country | 46 Employees | - Last Dividend | 29 Nov 2019 Last Split | 18 Mar 2003 IPO Date |
Comstock Inc. is a company focused on the systemic decarbonization sector, with operations both within Nevada and on an international scale. The company's efforts are divided across three main segments: Renewable Energy, Mining, and Strategic and Other Investments. Comstock Inc. is dedicated to developing cutting-edge technology for the extraction and refining of resources, aiming to convert biomass and other natural materials that are otherwise wasted or unused. Additionally, it is working on a demonstration system capable of extracting valuable metals from lithium-ion batteries. Established in 2008 and headquartered in Virginia City, Nevada, Comstock Inc. also owns two significant project sites in Nevada and diversifies its investment portfolio by including non-mining real estate investments.
Comstock Inc. is pioneering in renewable energy and mining sectors, focusing on transforming wasted or unused biomass and other natural resources into valuable assets. The company is developing technologies for deploying extraction and refining facilities aimed at this goal. These innovative solutions are centered around systemic decarbonization and sustainability, catering to the growing need for environmentally friendly energy and resource recovery.
The company is also developing a demonstration system for extracting 'black mass' that contains various metals such as lithium, graphite, nickel, cobalt, manganese, copper, and aluminum from used lithium-ion batteries. This initiative addresses the increasing demand for these metals, driven by the surge in electric vehicle production and energy storage solutions, while promoting recycling and reducing environmental impact.
Beyond its core focus on renewable energy and mining, Comstock Inc. diversifies its investment portfolio through strategic non-mining real estate investments. This aspect of the business enables Comstock Inc. to leverage market opportunities outside its primary industries, contributing to its long-term stability and growth potential.
Comstock Inc. offers comprehensive solutions spanning upstream and downstream design, engineering, fabrication, procurement, and construction. These services are tailored to support the deployment of its renewable energy and resource extraction technologies, ensuring a seamless transition from concept to operation. By providing such end-to-end solutions, Comstock facilitates the adoption of sustainable practices in the energy and mining sectors.