secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000950170-23-056358
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017023056358/0000950170-23-056358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017023056358/crk-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056358

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