News & Videos - COMSTOCK RESOURCES INC.

FRISCO, TX, April 05, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release first quarter 2024 results on May 1, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 2, 2024 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI8bd2e2b2cbc74630942006e39bfd6cb5. Upon registering to participate in the conference...

FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) ("Comstock" or the "Company") announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the "Notes"). The Notes will be issued at 93% of par. The offering is expected to close on April 9, 2024, subject to customary closing conditions. The aggregate net proceeds from...

FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that, subject to market conditions, it intends to offer $375.0 million principal amount of its 6.75% senior notes due in 2029 (the “New Notes”) in a private placement to eligible purchasers. The New Notes are a mirror issue to the Company's existing 6.75% senior notes due 2029 (the “Original Notes”), of which $1,223.9 million aggregate principal amount is...

FRISCO, TX, March 20, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announces that its majority shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company through two entities he controls. The Jones entities will acquire 12,500,000 shares of common stock in the private placement at a price of $8.036 per share, which represents the average of the closing prices for the five trading days ended March...

FRISCO, TX, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2023. Highlights of 2023 's Fourth Quarter Continued weak natural gas prices weighed heavily on the fourth quarter results. Natural gas and oil sales, including realized hedging gains, were $354 million. Adjusted EBITDAX for the quarter was $244 million. Operating cash flow was $207 million or...

FRISCO, TX, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release fourth quarter 2023 results on February 13, 2024 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 14, 2024 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI9aed23e8af74454f89bd226e82af31c9. Upon registering to participate in the...

FRISCO, TX, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2023. Highlights of 2023 's Third Quarter Continued weak natural gas prices weighed heavily on the third quarter results. Natural gas and oil sales, including realized hedging gains, were $316 million. Operating cash flow was $167 million or $0.60 per diluted share. Adjusted EBITDAX for the quarter was...

FRISCO, TX, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release third quarter 2023 results on October 30, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on October 31, 2023 to discuss the third quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BIfc74a143ead8420db183d8bae061d4c9. Upon registering to participate in the...

FRISCO, TX, July 31, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended June 30, 2023. Highlights of 2023 's Second Quarter Weak natural gas prices have weighed heavily on the second quarter results. Natural gas and oil sales, including realized hedging gains, were $285 million. Operating cash flow was $145 million or $0.53 per diluted share. Adjusted EBITDAX for the quarter was $182...

FRISCO, TX, July 05, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release second quarter 2023 results on July 31, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on August 1, 2023 to discuss the second quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BId240081b2bc14ea8931c4866b16b9dbd . Upon registering to participate in the...

FRISCO, TX, May 02, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended March 31, 2023. Highlights of 2023 's First Quarter Generated operating cash flow of $255 million or $0.92 per diluted share. Adjusted net income to common stockholders for the quarter was $92 million or $0.33 per diluted share. Adjusted EBITDAX was $293 million. Oil and gas sales, including realized hedging gains,...

FRISCO, TX, April 03, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release first quarter 2023 results on May 2, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 3, 2023 to discuss the first quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BI7639b1d21a9745e8b2011583a0365914 . Upon registering to participate in the conference...

FRISCO, TX, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2022. Highlights Generated free cash flow from operations of $673 million in 2022, including $129 million in the fourth quarter. Production in the fourth quarter increased 7% from last year to 1,445 MMcfe per day. Oil and gas sales, including realized hedging losses, were $2.3 billion in 2022...

FRISCO, TX, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its proved natural gas and oil reserves as of December 31, 2022 were estimated at 6.7 trillion cubic feet equivalent ("Tcfe"), which represents a 9% increase from total proved natural gas and oil reserves of 6.1 Tcfe as of December 31, 2021. The reserve estimates were determined under SEC guidelines and were audited by the Company's independent reserve engineering...

FRISCO, TX, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release fourth quarter and annual 2022 results on February 14, 2023 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 15, 2023 to discuss the fourth quarter results. Parties interested in participating in the conference call telephonically will need to register at https://register.vevent.com/register/BId7bb63a06a2246038d691f84bbfe8331 . Upon registering to...

FRISCO, TX, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that effective November 30, 2022, all outstanding shares of the Company's Series B Convertible Preferred Stock have been converted into 43,750,000 shares of common stock. The Series B Convertible Preferred Stock was issued in July 2019 in connection with the acquisition of Covey Park Energy LLC as part of the financing for this transformational acquisition. Jerry...

FRISCO, TX, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that Trey Newell will be joining the Company as Vice President of Corporate Development to support a new initiative to develop new markets for the Company's natural gas production in the Haynesville shale in East Texas and North Louisiana. Lori Kanaman also recently joined the Company to head up the Company's natural gas marketing group as Vice President of Marketing....

FRISCO, TX, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that the Company has entered into a new senior secured revolving credit facility, which extends the maturity of Comstock's existing bank credit facility to November 15, 2027. The new credit facility has an initial borrowing base of $2.0 billion with an elected commitment of $1.5 billion. The five-year reserve based revolving credit facility was arranged by Wells Fargo...

FRISCO, TX, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2022. Highlights of 2022 's Third Quarter Generated highest quarterly operating cash flow in the Company's history of $533 million or $1.92 per diluted share. Free cash flow from operations was $286 million in the quarter. Retired $250 million of debt in the third quarter and reduced leverage to under...

FRISCO, TX, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today announced that its Board of Directors approved the reinstatement of a quarterly cash dividend on its common stock for the fourth quarter at an annual dividend rate of $0.50 per share. A dividend of $0.125 per common share will be paid on December 15, 2022 to stockholders of record at the close of business on December 1, 2022. This press release may contain "forward-looking...