Comstock Resources Inc. today reported financial and operating results for the quarter ended March 31, 2021. Highlights of 2021's First Quarter Adjusted net income to common stockholders was $63 million for the quarter or $0.25 per diluted share. Production averaged 1,281 MMcfe per day, comprised of 98% natural gas, and was 6% higher than the fourth quarter of 2020. Average realized price, including hedging, was $2.88 per [...]
Comstock Resources Inc. announces its plan to release first quarter 2021 results on May 4, 2021 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 5, 2021. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Dial-In: 844-776-7840 International Dial-In: 661-378-9538 Conference ID: 6891538 ~~~ The conference call will also be broadcast live in [...]
Comstock Resources Inc. announced today the early results of Comstock's previously announced cash tender offers to purchase up to $1.0 billion aggregate purchase price of its outstanding 7.50% senior notes due 2025 and 9.75% senior notes due 2026 in the priorities set forth in the table below. The Company has amended the Aggregate Maximum Tender Amount to increase the ?aggregate purchase price of Notes subject to the [...]
Comstock Resources Inc. announced today the pricing of its private placement of 6.75% senior notes due 2029 in the aggregate principal amount of $250.0 million . The Notes were sold at 103% of par. The offering is expected to close on March 4, 2021, subject to customary closing conditions. The aggregate net proceeds from the sale of the Notes are expected to be approximately $253.0 million, after deducting the initial [...]
Comstock Resources Inc. announced today that, subject to market conditions, it intends to offer an additional $250.0 million aggregate principal amount of its 6.75% senior notes due in 2029 in a private placement to eligible purchasers. The Notes are a further issuance of the 6.75% senior notes due 2029, of which $1.0 billion aggregate principal amount are expected, subject to customary closing conditions, to be issued on [...]
Comstock Resources Inc. announced today the pricing of its private placement of new 6.75% senior notes due 2029 in the aggregate principal amount of $1.0 billion, which was increased from the originally proposed $750.0 million offering . The Notes were sold at par. The offering is expected to close on March 4, 2021, subject to customary closing conditions. The aggregate net proceeds from the sale of the Notes are expected [...]
Comstock Resources Inc. announced today that it has amended its previously announced cash tender offers to purchase up to $750.0 million aggregate purchase price of its outstanding 7.5% senior notes due 2025 and 9.75% senior notes due 2026 . The Company has amended the Aggregate Maximum Tender Amount to increase the aggregate purchase price of Notes subject to the Tender Offers from $750.0 million to $1.0 billion, as well [...]
Comstock Resources Inc. announced today that, subject to market conditions, it intends to offer a new series of senior notes due in 2029 in a private placement to eligible purchasers. Comstock intends to use the net proceeds from this offering to fund the repurchase of a portion of the Company's 7.5% Senior Notes due 2025 and 9.75% Senior Notes due 2026 and pay fees and expenses under concurrent tender offers for such [...]
Comstock Resources Inc. announced today the commencement of cash tender offers to purchase up to $750.0 million aggregate purchase price of its outstanding 7.5% senior notes due 2025 and 9.75% senior notes due 2026 in the priorities set forth in the table below; provided that the Company will not accept for purchase more than $375.0 million aggregate principal amount of the 2025 Notes and $325.0 million aggregate [...]
A release was previously issued with the same headline by Comstock Resources Inc. Please note that we have corrected the unit of reported gas production for both the three months ended December 31, 2020 and the year ended December 31, 2020 to 1.2 billion cubic feet per day from 1.2 million cubic feet per day stated in the original press release. Comstock Resources Inc. today reported financial and operating results for [...]
Comstock Resources Inc. today reported financial and operating results for the quarter and year ended December 31, 2020. Financial Results for the Three Months Ended December 31, 2020 For the fourth quarter of 2020, Comstock reported net income available to common stockholders of $77.5 million or $0.30 per diluted share. The quarter results included a $80.2 million unrealized gain on the mark-to-market value of the [...]
Comstock Resources Inc. announces it has changed the date and time of its previously announced earnings release and conference call for fourth quarter 2020. The Company will now announce results one day earlier than previously scheduled on Tuesday, February 16, 2021 after the market closes and host its quarterly conference call at 10:00 a.m. CT on February 17, 2021. Please dial in at least 15 minutes in advance to ensure [...]
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