Comstock Inc. (LODE)
AMEX AMEX Primary 
Comstock Resources: Operating In The Swing Basin
Comstock Resources benefits from low cash costs. Haynesville wells are very expensive to drill and complete. Comparatively high DD&A costs highlight the expensive nature of Haynesville wells.
Comstock Inks License Agreement With Gresham's to Boost Global Reach
LODE signs a binding deal with Gresham's to build an initial demonstration facility with Comstock Fuels' proprietary sustainable biomass refining technology.
Comstock Q3 Earnings Decline Y/Y on Deferred Fees Headwind
CHCI posts Q3 EPS of 23 cents, down from 46 cents last year, as deferred fees weighed on revenues. Strong growth in recurring property management income helped offset the decline.
Comstock Resources Continues To Burn Cash
Comstock reported negative $52 million in Q3 2024 FCF, bringing its YTD FCF to negative $308 million. It has made improvements with Western Haynesville D&C costs, but I believe it still requires a further 15% to 20% reduction to be competitive with legacy Haynesville wells. Comstock's 2024 production results are trending to be a bit lower than its guidance midpoint.
Comstock Inc. (LODE) Q3 2024 Earnings Call Transcript
Comstock Inc. (NYSE:LODE ) Q3 2024 Earnings Call Transcript October 22, 2024 4:30 PM ET Company Participants Trevor Brucato - RB Milestone Group Corrado De Gasperis - Chair and CEO William McCarthy - COO Trevor Brucato Welcome everybody to Comstock's Third Quarter 2024 Results and Business Update. This is Trevor Brucato with RB Milestone Group, Comstock's US-based investor relations firm.
Comstock Inc. (LODE) Reports Q3 Loss, Misses Revenue Estimates
Comstock Inc. (LODE) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.
Comstock: Updates And New Developments
Comstock has entered into five strategic transactions with SBC Commerce, which are expected to inject $325 million into the parent company and three subsidiaries. Comstock will receive $50 million from the sale of unused land. Solar panel recycling operations are projected to begin generating cash flow in 2025, with full commercial sales expected to start in 2026.
Comstock to Add AI Materials to Its Portfolio With GenMat Buyout
LODE acquires a revolutionary AI material discovery platform, along with all substantial GenMat assets.
Comstock Awarded With New Contracts for Solar Panel Recycling
LODE gets over $0.15 million in revenues from a new commercial customer by decommissioning and disposing of end-of-life solar panels.
Top 2 Energy Stocks That Are Ticking Portfolio Bombs
As of Sept. 5, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Comstock Resources: A Speculative Play On The Western Haynesville
Comstock Resources, Inc., an E&P company focused on natural gas in the Haynesville and Bossier shales, faces challenges due to weak natural gas prices. Despite operational efficiency and cost management in its legacy Haynesville assets, Comstock's financials suffered in Q2 2024, with lower realized sales prices and reduced capital expenditures. Comstock's high debt load and inadequate hedging strategy in early 2024 pose risks, but a shift to more aggressive hedging aims to mitigate future price downturns.
Over $34M Bet On Comstock Resources? Check Out These 3 Stocks Executives Are Buying
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades.
