Comstock Resources Inc. 8-K Summary
Business Context and Reporting Period
Comstock Resources, Inc. filed this Current Report on Form 8-K on August 4, 2004. The filing announces financial and operating results for the three and six months ended June 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 earnings before interest, income taxes, depreciation, depletion, amortization, and exploration expense. Management notes this is a common alternative measure of operating performance.
The filing states that 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 in financial performance compared to prior periods. Investors must refer to the attached Exhibit 99.1 for comparative analysis.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed list of risks and contingencies within the main body text. The document serves primarily to announce the release of the results and to clarify the use of non-GAAP measures.
Important Facts for Investor Verification
- Verify the specific revenue and net income figures for the three and six months ended June 30, 2004, in the attached Press Release (Exhibit 99.1).
- Review the reconciliation tables in the press release to understand the difference between reported GAAP results and the non-GAAP EBITDAX and Operating Cash Flow metrics.
- Confirm the company's liquidity position and debt levels as detailed in the full financial statements referenced by the press release.