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

Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000950170-24-087901
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources posts Q2 net loss of $123M on weak natural gas prices
------------------------------------------------------------------------

- Net loss $123.2M ($0.43/share); adjusted net loss $58.2M ($0.20/share).
- Realized gas price $1.65/Mcf unhedged, $2.12/Mcf after hedging; sales $278.2M incl. $60.6M hedging gains.
- Operating cash flow $118.1M; production up 4% YoY.
- Issued $400M 6.75% senior notes to enhance liquidity.
- 15 (14.4 net) operated Haynesville wells turned to sales; avg. initial production 21 MMcf/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017024087901/0000950170-24-087901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017024087901/crk-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087901

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