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Stock Market & Financial Investment News

News Breaks
February 11, 2013
16:14 EDTCRKComstock Resources reports Q4 EPS with items ($1.68), consensus (35c)
Comstock reported Q4 EPS ($1.68), which includes impairments of certain natural gas producing properties and exploratory acreage of $1.10 per share after tax and an unrealized loss from derivatives of 3c per share after tax. Reports Q4 revenue $106.6M, consensus $115.99M. Comstock's oil production in Q4 increased 62% to 561,000 barrels as compared to 346,000 barrels in the fourth quarter of 2011. Conversely, oil production in Q4, which averaged 6,100 barrels of oil per day, decreased from the 7,200 barrels per day of production in Q3.
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