secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000023194-22-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock reports record Q3 operating cash flow of $533M, reinstates quarterly dividend
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- Operating cash flow of $533M ($1.92/diluted share); free cash flow $286M.
- Adjusted net income $326M ($1.18/diluted share); oil & gas sales $692M, up 76% YoY.
- Retired $250M of debt; leverage reduced to under 1x.
- Board reinstates quarterly dividend at $0.125/share ($0.50 annual), payable Dec 15 to holders of record Dec 1.
- 17 operated Haynesville wells turned to sales with average initial production of 29 MMcf/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000037/0000023194-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000037/crk-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000037

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