Comstock Resources, Inc. (NYSE:CRK) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET

Company Participants

Jay Allison - Chairman and CEO
Roland Burns - President and CFO
Daniel Harrison - COO
Ronald Mills - VP of Finance and IR

Conference Call Participants

Carlos Escalante - Wolfe Research
Charles Meade - Johnson Rice
Jacob Roberts - TPH & Co
Noel Parks - Tuohy Brothers Investment Research
Bertrand Donnes - Truist
Geoff Jay - Daniel Energy Partners
Paul Diamond - Citi

Operator

Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Comstock Resources Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Jay Allison, Chairman and CEO. Please go ahead.

Jay Allison

Perfect. And welcome everyone listening in. Welcome to the Comstock Resources third quarter 2024 financial and operating results conference call. You can view a slide presentation during or after this call by going through our website at www.comresources.com and downloading the quarterly results presentation. There you'll find a presentation entitled third quarter 2024 results.

I am Jay Allison, Chief Executive Officer of Comstock and 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

If you would please refer to slide 2 and our presentations and note that our discussions today will include forward-looking statements within the meaning of Securities laws. While we believe the expectations in such statements to be reasonable, there could be no assurance that such expectations will prove to be correct.

If you would turn to slide 3 before we start going over this slide, I do want to make a few comments. On Tuesday I was watching Bloomberg News and the headline was, “Big Oil sees AI Boom Driving Crazy Demand for U.S. Natural Gas”.

Now by the way, I love that word crazy. Then on Wednesday I read in the Journal, “Wall Street” giants to make $50 billion bet on AI and power projects with the quote Gas is going to be at the forefront of this. “Natural gas can back up those intermittent renewables very nicely” natural gas fired plants will be critical in supplying round the clock power to data centers.

Now since those headlines came out on Tuesday, Wednesday, I know they're not trick or treat headlines. So today is Halloween everyone. So happy Halloween.