secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051308
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources reports Q1 2024 net loss of $14.5M amid weak nat gas prices
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- Natural gas and oil sales (including hedging gains of $48M) totaled $336M.
- Adjusted net loss of $8.5M ($0.03 per share); GAAP net loss $14.5M ($0.05 per share).
- Operating cash flow of $182M; production cost averaged $0.76 per Mcfe.
- Added $100.5M liquidity via private placement equity offering to majority stockholder.
- Expanded Western Haynesville leasehold by 198K net acres to over 450K net acres.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017024051308/0000950170-24-051308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017024051308/crk-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051308

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