---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-056358"
form_type: "8-K"
ticker: "CRK"
cik: "0000023194"
company_name: "COMSTOCK RESOURCES INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:16:42.949703+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Comstock Q3 net income $14.7M on weak gas prices; forms midstream partnership with QCS

## Summary
- Q3 2023: natural gas and oil sales $315.8M (incl. $10.3M hedging gains); net income $14.7M ($0.05/share); adjusted EPS $0.04.
- Weak natural gas prices weighed heavily on results; production cost averaged $0.85/Mcfe.
- Drilled 13 operated wells; turned 21 to sales; two Western Haynesville wells IP 34-35 MMcf/d.
- Declared quarterly dividend of $0.125/share, payable Dec 15 to holders of record Dec 1.
- Formed midstream partnership with Quantum Capital Solutions; QCS commits $300M to build out Western Haynesville system over several years.

## SEC filing metadata
- accession: 0000950170-23-056358
- form_type: 8-K
- ticker: CRK
- cik: 0000023194
- company_name: COMSTOCK RESOURCES INC
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23194/000095017023056358/0000950170-23-056358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23194/000095017023056358/crk-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056358
- JSON: https://secwatch.observer/filing/0000950170-23-056358.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056358.txt

## Key facts
- Earnings Releases
  COMSTOCK RESOURCES INC reported the quarter ended September 30, 2023 results: revenue $315.8 million, net income $14.7 million or $0.05 per share, EPS $0.05 per share.
  - Period: the quarter ended September 30, 2023
  - Revenue: $315.8 million
  - Net income: $14.7 million or $0.05 per share
  - EPS: $0.05 per share
  - Result: reported results
  source text: of 2023 's Third Quarter • Continued weak natural gas prices weighed heavily on the third quarter results. • Natural gas and oil sales, including realized hedging gains, were $316 million. • Operating cash flow was $167 million or $0.60 per diluted share. • Adjusted EBITDAX for the quarter was $209 million. • Adjusted net income was $11.7 million for the quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23194/000095017023056358/0000950170-23-056358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.