secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0000023194-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources reports Q4 2021 adjusted EPS $0.37, production up 12% YoY
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- Q4 2021 adjusted net income $98.8M ($0.37 diluted); GAAP net income $356M ($1.30) due to $469.8M unrealized hedging gain.
- Generated $105M free cash flow in Q4; paid down $190M of debt during the quarter.
- Q4 production averaged 1,348 MMcfe/d (99% natural gas), up 12% YoY.
- Full-year 2021 revenues $1.4B (incl. $419.9M hedging losses); adjusted net income $303M ($1.16 diluted).
- 2022 drilling budget $750-800M; plans to drill 67 (52.1 net) operated horizontal wells using 5-7 rigs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000006/0000023194-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000006/crk-20220215.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000006

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