Business Context and Reporting Period
Company: Comstock Resources, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 9, 2005
Reporting Period: First quarter ended March 31, 2005
Context: The filing announces financial results for the first quarter of 2005 via an attached press release (Exhibit 99.1).
Key Financial Metrics
The Form 8-K text serves as a notification of results and does not contain specific numerical data for revenue, profit, cash flow, margins, debt, or liquidity. The filing references the attached press release for these details, noting the inclusion of:
- GAAP financial measures.
- Non-GAAP financial measures, specifically Operating Cash Flow and EBITDAX (Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization, and Exploration Expense).
- Reconciliations between non-GAAP and GAAP measures.
Note: Specific values for revenue, profit, or cash flow are not present in the provided filing text.
Material Changes
The filing text does not provide specific comparative data or describe material changes versus the prior comparable period. It only confirms the announcement of Q1 2005 results.
Guidance, Outlook, and Risks
Management Commentary: Management states that Operating Cash Flow and EBITDAX are presented as useful alternative measures of operating performance for investors and analysts. These are intended to be considered in addition to, not as a substitute for, GAAP measures.
Legal Disclaimer: The information in this Form 8-K and the attached exhibit is not deemed "filed" for purposes of Section 18 of the Securities Act of 1934 and is not incorporated by reference into other filings unless expressly stated.
Guidance/Risks: No specific forward-looking guidance, risk factors, or contingencies are detailed in the body of this Form 8-K text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2005 revenue, net income, and cash flow figures.
- Verify the reconciliation of EBITDAX and Operating Cash Flow to GAAP net income in the press release.
- Confirm the specific year-over-year or quarter-over-quarter percentage changes in production and financial metrics.
- Check for any updated guidance on commodity prices or capital expenditures mentioned in the full press release.