Every 8-K that Comstock Resources, Inc. (CRK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CRK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRK filings page.
COMSTOCK RESOURCES, INC. (CRK) announced a strategic partnership under a letter of intent for SOCAR to acquire non-operated interests in Comstock’s Haynesville assets and a stake in its midstream business for $1.65 billion in cash, subject to a definitive purchase and sale agreement and customary approvals.
SOCAR would acquire a 20% non-operated working interest in Comstock’s Legacy Haynesville upstream assets, a 15% interest in Western Haynesville upstream assets that steps down to 7.5% after five years once SOCAR achieves a 15% return, and 15% of Comstock’s 73% stake in Pinnacle Gas Services LLC. The transaction has an effective date of July 1, 2026 and, on a pro forma basis, is expected to reduce Comstock’s net debt from $3.1 billion to $1.5 billion as of June 30, 2026.
Separately, Comstock entered into a $450 million Haynesville shale drilling venture with a Jerry Jones family partnership, which will fund most drilling and completion costs for 27 Western and Legacy Haynesville wells over twelve months starting September 1, 2026. After a 15% return on investment is achieved, 50% of the interest in these wells will revert to Comstock.
Comstock Resources reported second quarter 2026 natural gas and oil sales including hedging of $331.6 million and total revenues and other operating income of $353.3 million for the quarter ended June 30, 2026, compared with $470.3 million a year earlier. Production was 113.1 Bcfe, up 16% from the first quarter and 1% above the 2025 quarter, with an average realized price of $2.93 per Mcfe including hedges. Net income available to the Company was $8.8 million, or $0.03 per diluted share, and adjusted net income was $8.3 million, or $0.03 per share. Adjusted EBITDAX reached $244.8 million.
Operating cash flows from operating activities were $170.2 million, or $188.5 million before changes in working capital. Production costs averaged $0.77 per Mcfe, supporting hedged operating margins of 74%. During the quarter Comstock sold a 27% noncontrolling common equity interest in Pinnacle Gas Services for $600 million and used the proceeds to redeem Pinnacle preferred equity and repay its outstanding indebtedness. Exploration and development capital expenditures were $390.4 million, with additional unproved property acquisitions of $20.4 million.
Comstock Resources has brought in a new long-term partner for its midstream business by selling a 27% non‑controlling common equity interest in its subsidiary Pinnacle Gas Services to funds managed by Sixth Street for $600 million. The deal implies a $2.2 billion enterprise value for Pinnacle and values Comstock’s retained 73% controlling stake at about $1.6 billion. Comstock continues to manage and operate Pinnacle under a management services agreement, keeping strategic and operational control aligned with its Haynesville upstream operations.
Comstock used the proceeds to redeem $445 million of Pinnacle preferred equity plus accrued dividends, retire all of Pinnacle’s outstanding debt, cover transaction costs, and provide working capital. The company expects this structure to materially reduce Pinnacle’s fixed charges by about $40 million per year. Over time, if Sixth Street achieves certain return hurdles, its ownership may step down from 27% to 19.5%, increasing Comstock’s Pinnacle stake from 73% to 80.5% compared with 70% before the preferred unit redemption.
Comstock Resources, Inc. reported the results of its annual shareholder meeting. Holders of 278,822,476 shares of common stock, representing about 95% of the 293,695,832 shares outstanding as of April 7, 2026, were present or represented by proxy, establishing a quorum.
Shareholders re-elected five directors to one-year terms, with each nominee receiving over 261 million votes in favor. They also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 277,902,269 votes in favor.
In addition, shareholders approved the advisory resolution on 2025 compensation for the company’s named executive officers, with 264,508,945 votes cast in favor, 526,507 against, 432,344 abstentions, and 13,354,680 broker non-votes.
Comstock Resources reported a profitable first quarter of 2026 driven by higher margins and derivative gains. Total revenues and other operating income were $587.4 million, and net income was $112.5 million, compared with a net loss of $115.4 million a year earlier, or $0.38 per diluted share versus a $0.40 loss.
Adjusted net income, which excludes unrealized hedge impacts and certain items, was $44.5 million, or $0.15 per share, and adjusted EBITDAX was $251.3 million. Operating cash flow was $191.9 million, but heavy exploration, development, and midstream spending led to a free cash deficit after acquisitions and divestitures of $223.3 million.
Production totaled 97.9 Bcfe, with an average unhedged operating margin of 78% and 73% after hedging. The company drilled 17 operated Haynesville/Bossier wells and turned 13 to sales, including high-rate Western Haynesville wells with initial production rates up to 35 MMcf per day.
Comstock Resources reported a strong turnaround for 2025, helped by higher natural gas prices, asset sales and major reserve growth. For the fourth quarter, natural gas and oil sales were $364 million, generating net income of $286.8 million or $0.97 per diluted share, including a large gain on the Shelby Trough divestiture.
On a full-year basis, sales reached $2.2 billion with net income of $420.2 million or $1.43 per diluted share, while adjusted net income was $159.9 million or $0.54. Proved reserves nearly doubled to 7.0 Tcfe, with a PV-10 value of about $4.5 billion, and the company plans a $1.4–$1.5 billion 2026 drilling budget plus $100–$150 million for Western Haynesville midstream infrastructure.
Comstock Resources (CRK) announced quarterly results for the period ended September 30, 2025, and furnished a press release as Exhibit 99.1. The release includes financial measures that are not in accordance with GAAP, and the company provides reconciliations to the most directly comparable GAAP measures within that release. The information provided under this item and the exhibit are furnished, not filed, under the Exchange Act.