XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 19,270 $ 16,669
Accounts receivable:    
Natural gas and oil sales and gas services 113,413 166,639
Joint interest operations 30,902 48,704
From affiliates 10,884 16,087
Derivative financial instruments 79,649 126,775
Other current assets 69,289 86,619
Total current assets 323,407 461,493
Natural gas and oil properties, successful efforts method:    
Proved 7,617,670 7,126,519
Unproved 408,705 343,419
Other 79,841 62,382
Accumulated depreciation, depletion and amortization (2,531,599) (2,147,549)
Net property and equipment 5,574,617 5,384,771
Goodwill 335,897 335,897
Operating lease right-of-use assets 90,604 71,462
Total assets 6,324,525 6,253,623
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 377,909 523,260
Accrued costs 139,414 134,466
Operating leases 34,952 23,765
Total current liabilities 552,275 681,491
Long-term debt 2,856,045 2,640,391
Deferred income taxes 415,604 470,035
Derivative financial instruments 47,366 0
Long-term operating leases 55,621 47,742
Reserve for future abandonment costs 31,709 30,773
Total liabilities 3,958,620 3,870,432
Commitments and contingencies
Stockholders' equity:    
Common stock - $0.50 par, 400,000,000 shares authorized, 292,260,645 and 278,429,463 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 146,130 139,214
Additional paid-in capital 1,358,549 1,260,930
Accumulated earnings 815,639 958,270
Total stockholders' equity attributable to Comstock 2,320,318 2,358,414
Noncontrolling interest 45,587 24,777
Total stockholders' equity 2,365,905 2,383,191
Total liabilities and stockholders' equity $ 6,324,525 $ 6,253,623