Comstock Resources, Inc. (NYSE:CRK) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET
Company Participants
Jay Allison - Chairman and Chief Executive Officer
Roland Burns - President and Chief Financial Officer
Daniel Harrison - Chief Operating Officer
Conference Call Participants
Derrick Whitfield - Stiefel
Charles Meade - Johnson Rice
Fernando Zavala - Pickering Energy Partners
Neal Dingmann - Truist Securities
Umang Choudhary - Goldman Sachs
Phillips Johnston - Capital One
Paul Diamond - Citi
Noel Parks - Tuohy Brothers
Leo Mariani - MKM Partners
Operator
Good day and thank you for standing by, welcome to Third Quarter 2022 Comstock Resources Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today Mr. Jay Allison, Chairman and CEO. Please go ahead.
Jay Allison
Good morning, everyone. And thank you. Welcome to the Comstock Resources third quarter 2022 financial and operating results conference call. You can view a slide presentation during or after this call by going to our website at www.comstockresources.com and downloading the quarterly results presentation. There you'll find a presentation entitled third quarter 2022 results.
I am Jay Allison, Chief Executive Officer of Comstock. With me is Roland Burns, our President and Chief Financial Officer; Dan Harrison, our Chief Operating Officer; and Ron Mills, our VP of Finance and Investor Relations. Please refer to Slide 2 in our presentation and note that our discussions today will include forward-looking statements within the meaning of securities laws. While we believe the expectations of such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.
If you'll flip over to Slide 3, I'd like to announce to you that Comstock Resources just posted the greatest quarterly results in our 30 plus year history as a public company. With our revenues almost exclusively coming from selling natural gas. We set new corporate highs and almost all financial metrics, including operating cash flow, free cash flow, net income, EBITDAX and oil and gas revenues.
Our balance sheet has now become a fortress were leveraged down to 0.9x and a quarterly dividend is now possible. To have a day like today you have to rely upon many of you and many of you that are not even on the call. We say thank you to our equity stakeholders who trust us with your hard earned money, and especially the Jerry Jones family. We say thank you to our banks that provide us for the credit facility and our bondholders along with all the hundreds of oilfield service companies who assist us in promoting excellence in drilling and completing our Haynesville and Bossier wells.