secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950170-25-022268
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources Q4 2024 net loss $55.3M; reserves drop to 3.8 Tcfe
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- Q4 2024 net loss $55.3M ($0.19/share); adjusted net income $46.3M ($0.16/share) excluding $126.9M unrealized hedging loss.
- Q4 revenue $336.1M (incl. $47.8M realized hedging gains); operating cash flow $222.8M.
- Proved reserves 3.8 Tcfe at Dec 31, 2024, down from 4.9 Tcfe, using SEC prices of $1.84/Mcf natural gas.
- 2025 capex budget $1.0-1.1B to run 7 rigs (4 in Western Haynesville) and drill 46 operated wells.
- Six new Western Haynesville wells averaged 40 MMcf/d initial production; added 64,000 net acres in the play.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017025022268/0000950170-25-022268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017025022268/crk-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022268

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