Comstock Resources Inc. 8-K Summary
Business Context and Reporting Period
Comstock Resources, Inc. filed this Form 8-K on November 8, 2004, to announce financial results for the three and nine months ended September 30, 2004. The company is incorporated in Nevada and maintains its principal executive offices in Frisco, Texas.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99.1), which is referenced but not included in the provided text.
The company reports the following non-GAAP financial measures in the attached press release:
- Operating Cash Flow: Presented as a useful metric for investors.
- EBITDAX: Defined as results from operations before interest, income taxes, depreciation, depletion, amortization, and exploration expense.
Reconciliations between these non-GAAP measures and the most directly comparable GAAP measures are provided in the press release.
Material Changes
The filing text does not contain specific data regarding material changes versus prior comparable periods. Investors must refer to the attached press release for comparative financial analysis.
Guidance, Outlook, and Risks
The filing does not include specific guidance, outlook, or management commentary beyond the announcement of the results. The document notes that the non-GAAP measures should be considered in addition to, but not as a substitute for, GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the three and nine months ended September 30, 2004.
- Verify the reconciliation of EBITDAX and Operating Cash Flow to GAAP net income.
- Compare the reported period results against the prior year periods to assess material changes.
- Confirm the company's current debt levels and liquidity position as detailed in the full press release.