Comstock Resources, Inc. - 8-K Filing Summary
Business Context and Reporting Period
Comstock Resources, Inc. filed this Form 8-K on February 12, 2007, to announce financial results for the three months and twelve months ended December 31, 2006. 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 common alternative measure of cash flows.
- EBITDAX: Defined as results from operations before interest, income taxes, depreciation, depletion, amortization, and exploration expense.
Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are provided in the attached press release.
Material Changes
The filing text does not provide 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 text does not contain specific guidance, outlook, management commentary, or risk factors beyond the standard disclosure that the information in this Form 8-K and the attached exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act of 1933, except as expressly set forth by specific reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated February 12, 2007) for specific revenue, earnings, and cash flow figures.
- Verify the reconciliation of non-GAAP measures (Operating Cash Flow and EBITDAX) to GAAP measures in the press release.
- Confirm the specific impact of exploration expenses on the reported EBITDAX.
- Check for any forward-looking statements or guidance included in the attached press release that are not present in this 8-K summary.