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AI brief of an SEC Form 8-K · Comstock Resources (CRK)

Comstock Resources posts $25.7 million Q3 net loss as natural gas prices weaken

Negative Impact 3 of 5 earnings Written later

Comstock Resources reported a third-quarter 2024 net loss of $25.7 million, or $0.09 per share, compared with net income of $14.7 million, or $0.05 per share, a year earlier. Total revenues fell to $304.5 million from $376.7 million, and the company said weak natural gas prices weighed heavily on results, which matters to shareholders because lower revenue and a loss reduce earnings available to shareholders.

Key points

  • Realized natural gas price averaged $1.90 per Mcf before hedging, versus $2.33 a year earlier.
  • Adjusted net loss was $48.5 million, or $0.17 per share, compared with adjusted net income of $11.7 million, or $0.04 per share, in the third quarter of 2023.
  • Natural gas and oil sales including hedging gains were $305.0 million, down from $315.8 million; the bank group reaffirmed the $2.0 billion borrowing base.

The filing

CompanyComstock Resources (CRK)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:20 PM ET
Accession number0000950170-24-119021

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.