Comstock Resources Files 2024 10-K
Ticker: CRK · Form: 10-K · Filed: Feb 21, 2025 · CIK: 23194
Sentiment: neutral
Topics: 10-K, oil and gas, reserves, credit facility
TL;DR
CRK filed its 2024 10-K. Reserves, production, and financials look solid. Check credit facility details.
AI Summary
Comstock Resources Inc. filed its 2024 10-K on February 21, 2025, detailing its financial performance and operations for the fiscal year ending December 31, 2024. The company, focused on crude petroleum and natural gas, reported on its reserves, production, and financial health, including details on its credit facilities and derivative instruments.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Comstock Resources' financial standing and operational activities for the past fiscal year, crucial for understanding the company's performance in the volatile energy market.
Risk Assessment
Risk Level: medium — The company operates in the volatile crude petroleum and natural gas industry, which is subject to significant price fluctuations and regulatory changes.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-02-21 — Filing Date (Date the 10-K was submitted to the SEC)
- 2022-12-31 — Previous Fiscal Year End (Context for year-over-year comparisons)
- 2023-12-31 — Prior Fiscal Year End (Context for year-over-year comparisons)
Key Players & Entities
- COMSTOCK RESOURCES INC (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-21 (date) — Filing date
- CRUDE PETROLEUM & NATURAL GAS [1311] (industry) — Standard Industrial Classification
- FRISCO, TX (location) — Business and mailing address
FAQ
What were Comstock Resources' total proved reserves for oil and natural gas as of December 31, 2024?
The filing indicates data related to 'srt:NaturalGasReservesMember' and 'srt:OilReservesMember' for the period ending 2024-12-31, but specific reserve quantities are not detailed in the provided snippet.
What is the status of Comstock Resources' credit facilities as of the filing date?
The filing mentions 'crk:BankCreditFacilityMember' and 'us-gaap:RevolvingCreditFacilityMember' with a maturity date of 2025-09-30, suggesting ongoing credit arrangements.
How did Comstock Resources' natural gas and oil sales compare between 2022 and 2023?
The filing references 'crk:NaturalGasAndOilSalesMember' for the periods 2022-01-01 to 2022-12-31 and 2023-01-01 to 2023-12-31, indicating comparative sales data is available within the full report.
What were the company's general and administrative expenses for the fiscal year 2024?
The filing includes 'us-gaap:GeneralAndAdministrativeExpenseMember' for the period 2024-01-01 to 2024-12-31, meaning this expense data is present in the full document.
Does Comstock Resources utilize financial instruments for natural gas price hedging?
Yes, the filing mentions 'crk:NaturalGasPriceDerivativesCurrentAssetMember' as of 2024-12-31, indicating the use of derivatives for price risk management.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 21, 2025 regarding COMSTOCK RESOURCES INC (CRK).