---
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"
generated_at: "2026-06-06T03:50:56.494121+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Comstock Q4 net income $108.4M; suspends dividend, cuts rigs to 5 on weak nat gas

## Summary
- 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.

## SEC filing metadata
- 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
- 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/23194/000095017024014590/0000950170-24-014590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/crk-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-014590
- JSON: https://secwatch.observer/filing/0000950170-24-014590.json
- Plain text: https://secwatch.observer/filing/0000950170-24-014590.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended December 31, 2023
  - Revenue: $353.5 million
  - Net income: $108.4 million or $0.39 per share
  - EPS: $0.39 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/0000950170-24-014590-index.htm
- Earnings Releases
  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.
  - Period: the year ended December 31, 2023
  - Revenue: $1.3 billion
  - Net income: $211.9 million or $0.76 per share
  - EPS: $0.76 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/23194/000095017024014590/0000950170-24-014590-index.htm

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