{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-014590","form_type":"8-K","ticker":"CRK","cik":"0000023194","company_name":"COMSTOCK RESOURCES INC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.503593+00:00","generated_at":"2026-06-06T03:50:56.494121+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Comstock Q4 net income $108.4M; suspends dividend, cuts rigs to 5 on weak nat gas","bullets":["Q4 2023 net income $108.4M ($0.39/share); adjusted net income $27.9M ($0.10/share).","Natural gas & oil sales $353.5M incl. realized hedging; adj. EBITDAX $244M.","Proved reserves fell to 4.9 Tcfe from 6.7 Tcfe due to 56% lower natural gas pricing.","Plans to suspend quarterly dividend until nat gas prices improve; 2024 capex $750-$850M.","Operating rig count reduced from 7 to 5; 22 wells turned to sales avg 24 MMcf/d."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-014590","json":"https://secwatch.observer/filing/0000950170-24-014590.json","markdown":"https://secwatch.observer/filing/0000950170-24-014590.md","text":"https://secwatch.observer/filing/0000950170-24-014590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/0000950170-24-014590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/crk-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:50:56.494121+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22676aedc645b929dcfb56192374dec000887547","claim":"COMSTOCK RESOURCES INC reported the quarter ended December 31, 2023 results: revenue $353.5 million, net income $108.4 million or $0.39 per share, EPS $0.39 per share. Guidance initiated.","evidence_excerpt":"Natural gas and oil sales in the fourth quarter of 2023 totaled $353.5 million (including realized hedging gains of $4.1 million). Operating cash flow (excluding changes in working capital) generated in the fourth quarter of 2023 was $206.9 million, and net income available to common stockholders for the fourth quarter was $108.4 million or $0.39 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/0000950170-24-014590-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$353.5 million"},{"label":"Net income","value":"$108.4 million or $0.39 per share"},{"label":"EPS","value":"$0.39 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"46378e2c0e57c63b9e64898489e38446ea8de5a0","claim":"COMSTOCK RESOURCES INC reported the year ended December 31, 2023 results: revenue $1.3 billion, net income $211.9 million or $0.76 per share, EPS $0.76 per share. Guidance initiated.","evidence_excerpt":"Natural gas and oil sales for the year ended December 31, 2023 totaled $1.3 billion (including realized hedging gains of $80.3 million). Operating cash flow (excluding changes in working capital) generated during the year was $774.5 million, and net income available to common stockholders was $211.9 million or $0.76 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/0000950170-24-014590-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$1.3 billion"},{"label":"Net income","value":"$211.9 million or $0.76 per share"},{"label":"EPS","value":"$0.76 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}