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

Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-061086
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources Q1: Net loss $115.4M on $322.4M hedging loss; adj. net income $53.8M
--------------------------------------------------------------------------------

- Sales $405M (incl. $8M hedging loss). Net loss $115.4M ($0.40/sh) due to $322.4M unrealized hedging loss.
- Adjusted net income $53.8M ($0.18/diluted sh). Adj. EBITDAX $293M. Operating cash flow $239M.
- Natural gas production 115 Bcf; realized price $3.58/Mcf ($3.52 after hedging).
- Turned 14 (11.3 net) wells to sales avg 25 MMcf/d. Western Haynesville well Olajuwon Pickens #1: 41 MMcf/d.
- Bank group reaffirmed $2.0B borrowing base under $1.5B revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000095017025061086/0000950170-25-061086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000095017025061086/crk-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061086

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