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

Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-119021
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources reports Q3 net loss $25.7M; adjusted loss $0.17/sh on weak gas prices
--------------------------------------------------------------------------------

- Q3 net loss $25.7M ($0.09/sh); adjusted net loss $48.5M ($0.17/sh) on weak natural gas prices.
- Natural gas and oil sales $305M (incl. $51.4M hedging gains); operating cash flow $152M.
- Drilled 8 wells; first horseshoe Haynesville well initial production 31 MMcf/d.
- Western Haynesville acreage reached 453,881 net acres; well costs down to $2,814 per completed lateral foot.
- Bank group reaffirmed $2.0B borrowing base; amended covenants under $1.5B credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017024119021/0000950170-24-119021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017024119021/crk-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119021

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