secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001193125-26-046631
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Q4 net income $0.97/shr (adj $0.16); reserves jump to 7.0 Tcfe
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- Natural gas and oil sales $364M; production 111 Bcf in Q4 2025.
- Adjusted net income $46M ($0.16/diluted); GAAP net income $287M due to $292M Shelby Trough gain.
- Proved reserves rose to 7.0 Tcfe from 3.8 Tcfe at YE 2024, driven by higher SEC gas prices ($3.07/Mcf).
- 2026 capex plan $1.4-1.5B on E&P plus $100-150M for Western Haynesville midstream; rig count to 9.
- Operating cash flow $222M; adjusted EBITDAX $277M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000119312526046631/0001193125-26-046631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000119312526046631/crk-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-046631

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