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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 246,830 $ 288,211 $ 582,602 $ 777,789
Operating expenses:        
Production and ad valorem taxes 19,244 19,599 37,152 34,505
Gathering and transportation 49,361 45,395 96,460 90,969
Lease operating 34,805 34,031 69,877 68,861
Exploration 0 0 0 1,775
Depreciation, depletion and amortization 194,242 140,177 384,931 274,160
Gas services 31,494 55,390 80,174 156,685
General and administrative 10,177 10,038 19,348 22,406
Loss (gain) on sale of assets 0 648 0 (125)
Total operating expenses 339,323 305,278 687,942 649,236
Operating income (loss) (92,493) (17,067) (105,340) 128,553
Other income (expenses):        
Gain (loss) from derivative financial instruments (25,252) (4,495) 14,055 61,914
Other income 322 598 653 1,058
Interest expense (51,932) (39,188) (101,489) (77,458)
Total other income (expenses) (76,862) (43,085) (86,781) (14,486)
Income (loss) before income taxes (169,355) (60,152) (192,121) 114,067
(Provision for) benefit from income taxes 46,106 14,446 54,398 (25,270)
Net income (loss) (123,249) (45,706) (137,723) 88,797
Net income attributable to noncontrolling interest (3,061) 0 (4,908) 0
Net income (loss) available to Comstock $ (126,310) $ (45,706) $ (142,631) $ 88,797
Net income (loss) per share:        
Basic (in dollars per share) $ (0.43) $ (0.17) $ (0.49) $ 0.32
Diluted (in dollars per share) $ (0.43) $ (0.17) $ (0.49) $ 0.32
Weighted average shares outstanding:        
Basic (in shares) 289,670 276,669 283,816 276,610
Diluted (in shares) 289,670 276,669 283,816 276,610
Dividends per share $ 0 $ 0.125 $ 0 $ 0.25
Total natural gas and oil sales        
Revenues:        
Total revenues $ 217,601 $ 229,752 $ 505,560 $ 609,726
Natural gas sales        
Revenues:        
Total revenues 216,527 228,892 503,610 606,924
Oil sales        
Revenues:        
Total revenues 1,074 860 1,950 2,802
Gas services        
Revenues:        
Total revenues $ 29,229 $ 58,459 $ 77,042 $ 168,063