COMSTOCK RESOURCES INC 8K

Comstock Resources, Inc. reported its second quarter 2026 financial and operating results, including a 16% sequential production increase and a $600 million sale of a 27% noncontrolling interest in Pinnacle Gas Services used to deleverage that subsidiary, along with detailed Haynesville drilling updates and an earnings call announcement.

Comstock Resources, Inc. filed a Form 8-K to furnish its press release reporting financial and operating results for the quarter and six months ended June 30, 2026, highlighting a 16% sequential increase in production, second quarter natural gas and oil sales (including hedging) of about $332 million, net income available to the company of $8.8 million ($0.03 per diluted share), adjusted EBITDAX of $245 million, and operating cash flow before working capital changes of $189 million. The company also disclosed that it sold a 27% noncontrolling common equity interest in its midstream affiliate Pinnacle Gas Services LLC for $600 million and applied the proceeds to redeem and retire all of Pinnacle’s preferred equity securities and outstanding indebtedness, and it provided an update on Haynesville/Bossier drilling and well results, including 17 operated wells drilled and 16 operated wells turned to sales in the quarter with strong initial production rates. The release further described production costs, operating margins, non-GAAP measures (adjusted net income, adjusted EBITDAX, operating cash flow before working capital changes), balance sheet data as of June 30, 2026, and announced details of a July 30, 2026 conference call and webcast to discuss these results.

Filing Facts

CIK

23194

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-323767

Alert Tier

7