secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000023194-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources reports Q4 2022 adjusted EPS $1.05; 2022 free cash flow $673M
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- Q4 natural gas and oil sales $557.9M (after $183.7M hedging losses); adjusted net income $287.7M ($1.05 diluted EPS).
- Full-year 2022 net cash from operations $1.7B; adjusted net income $1.0B ($3.73 diluted EPS).
- 2022 production averaged 1,445 MMcfe/d (up 7% YoY); 1.1 Tcfe drilling additions at $0.95/Mcfe finding cost.
- Declares Q1 dividend $0.125/share, payable March 15, 2023; resumed quarterly payout in December 2022.
- 2023 drilling budget $950M-$1.15B; releasing two of nine rigs due to low gas prices; plans 67 operated wells.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319423000005/0000023194-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319423000005/crk-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000023194-23-000005

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