COMSTOCK RESOURCES INC shareholders approved Advisory vote on 2025 compensation of named executive officers at the 2026-06-02 meeting.
“Proposal 3. The following votes were cast in the advisory vote on 2025 compensation of our named executive officers: Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Broker Non-Votes Total 264,508,945 526,507 432,344 13,354,680 278,822,476”
Shareholder Votes
COMSTOCK RESOURCES INC shareholders approved Ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-06-02 meeting.
“Proposal 2. The following votes were cast in the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026: Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Total 277,902,269 530,123 390,084 278,822,476”
Shareholder Votes
COMSTOCK RESOURCES INC shareholders approved Election of five nominees to the Board of Directors at the 2026-06-02 meeting.
“Proposal 1. The following votes were cast in the election of the five nominees to the Board of Directors: Name of Nominee Number of Votes Voted For Number of Votes Withheld Broker Non-Votes Total M. Jay Allison 264,394,396 1,073,400 13,354,680 278,822,476 Roland O. Burns 263,030,985 2,436,811 13,354,680 278,822,476 Elizabeth B. Davis 262,713,318 2,754,478 13,354,680 278,822,476 Morris E. Foster 261,753,030 3,714,766 13,354,680 278,822,476 Jim L. Turner 262,745,124 2,722,672 13,354,680 278,822,476”
Earnings Releases
COMSTOCK RESOURCES INC reported the quarter ended March 31, 2026 results: revenue $338.6 million, net income $112.5 million, EPS $0.38 per diluted share.
“Comstock's natural gas and oil sales in the first quarter of 2026 were $338.6 million (including realized hedging losses of $80.4 million). Operating cash flow (excluding changes in working capital) generated in the first quarter of 2026 was $191.9 million, and net income for the first quarter was $112.5 million or $0.38 per diluted share.”
Earnings Releases
COMSTOCK RESOURCES INC reported the quarter ended March 31, 2024 results: revenue $336.0 million (including realized hedging gains of $48.0 million), net income net loss available to common stockholders...was $14.5 million, EPS $0.05 per share.
“of 2024 's First Quarter • Continued weak natural gas prices weighed heavily on the first quarter results. • Natural gas and oil sales, including realized hedging gains, were $336 million. • Operating cash flow was $182 million or $0.65 per diluted share. • Adjusted EBITDAX for the quarter was $230 million. • Adjusted net loss was $8.5 million for the quarter. •”
Debt Financings
COMSTOCK RESOURCES INC incurred senior notes of $400.0 million with Equiniti Trust Company, LLC at 6.75% maturing March 1, 2029.
“On April 9, 2024, Comstock Resources, Inc. (the "Company") issued $400.0 million aggregate principal amount of its 6.75% senior notes due 2029 (the "Notes") in a private placement offering pursuant to an Indenture, dated as of April 9, 2024 (the "Indenture"), by and among the Company, certain subsidiaries of the Company named therein and Equiniti Trust Company, LLC, as trustee.”
Material Agreements
COMSTOCK RESOURCES INC entered into Indenture with Equiniti Trust Company, LLC valued at $400.0 million aggregate principal amount (effective 2024-04-09).
“On April 9, 2024, Comstock Resources, Inc. (the "Company") issued $400.0 million aggregate principal amount of its 6.75% senior notes due 2029 (the "Notes") in a private placement offering pursuant to an Indenture, dated as of April 9, 2024 (the "Indenture"), by and among the Company, certain subsidiaries of the Company named therein and Equiniti Trust Company, LLC, as trustee.”
Material Agreements
COMSTOCK RESOURCES INC entered into Second Amended and Restated Registration Rights Agreement with Arkoma Drilling L.P. and Williston Drilling L.P. valued at registration rights for the Jones Purchasers (effective 2024-03-25).
“In connection with the consummation of the transactions contemplated by the Subscription Agreement, the Company, Arkoma and Williston amended and restated that certain Amended and Restated Registration Rights Agreement, dated June 7, 2019, among the parties by entering into the Second Amended and Restated Registration Rights Agreement dated March 25, 2024 (the "Second A&R Registration Agreement")”
Material Agreements
COMSTOCK RESOURCES INC entered into Subscription Agreement with Jones Purchasers (Arkoma Drilling L.P. and Williston Drilling L.P.) valued at 12,500,000 shares of common stock for total consideration of approximately $100.5 million at $8.036 (effective 2024-03-20).
“On March 20, 2024, Comstock Resources, Inc. (the "Company") entered into a subscription agreement (the "Subscription Agreement") with each of Arkoma Drilling L.P., a Texas limited partnership ("Arkoma") and Williston Drilling L.P., a Texas limited partnership ("Williston" and, together with Arkoma, the "Jones Purchasers"), pursuant to which the Jones Purchasers shall purchase, and the Company shall issue and sell to the Jones Purchasers, in the aggregate, 12,500,000 shares of common stock, $0.50 par value per share of the Company (the "Common Stock") for total consideration of approximately $100.5 million and at per share price of $8.036 (the "Transaction").”
Earnings Releases
COMSTOCK RESOURCES INC reported the year ended December 31, 2023 results: revenue $1.3 billion, net income $211.9 million or $0.76 per share, EPS $0.76 per share. Guidance initiated.
“Natural gas and oil sales for the year ended December 31, 2023 totaled $1.3 billion (including realized hedging gains of $80.3 million). Operating cash flow (excluding changes in working capital) generated during the year was $774.5 million, and net income available to common stockholders was $211.9 million or $0.76 per share.”
Earnings Releases
COMSTOCK RESOURCES INC reported the quarter ended December 31, 2023 results: revenue $353.5 million, net income $108.4 million or $0.39 per share, EPS $0.39 per share. Guidance initiated.
“Natural gas and oil sales in the fourth quarter of 2023 totaled $353.5 million (including realized hedging gains of $4.1 million). Operating cash flow (excluding changes in working capital) generated in the fourth quarter of 2023 was $206.9 million, and net income available to common stockholders for the fourth quarter was $108.4 million or $0.39 per share.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.