secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000023194-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources Q1 2022 adjusted EPS $0.51, revenue $408M, EBITDAX up 27%
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- Revenue of $408M (after hedging losses) up 23% YoY; adjusted EBITDAX $333M (+27%).
- GAAP net loss $115.7M ($0.50 loss/share) from $320.3M unrealized hedging loss; adjusted net income $135.8M ($0.51/share).
- Operating cash flow (ex-w/c) $296.5M ($1.07/diluted share); free cash flow $68M; debt reduction $85M.
- Haynesville drilling: 15 operated wells turned to sales, avg initial production 29 MMcf/d.
- Production cost $0.69/Mcfe; unhedged margin 85%, hedged 81%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000020/0000023194-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000020/crk-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer