secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0000023194-22-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Q2 2022 adj EPS $1.00, rev $604M, free cash flow $190M
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- Adjusted net income $274M ($1.00 diluted); GAAP net $372.5M ($1.36) incl. $184.5M unrealized hedging gain and $46.8M debt retirement loss.
- Oil and gas sales after hedging $604M, up 86% YoY; unhedged operating margin 89%, hedged 85%.
- Free cash flow $190M; retired $271M senior notes, leverage ratio reduced to 1.2x.
- Acquired ~60,000 net acres, 145-mile pipeline, gas plant for $36M; 16 operated wells turned to sales avg. 26 MMcf/d.
- Achieved MiQ methane certification for all operated production (~2.0 Bcf/d).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000031/0000023194-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000031/crk-20220801.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000031

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