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COMSTOCK RESOURCES INC

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

CRK$13.41+0.7%Stored close · as of Nov 6, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023
OR
¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission File No.001-03262

(Exact name of registrant as specified in its charter)

Nevada94-1667468
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification Number)

5300 Town and Country Blvd., Suite 500, Frisco, Texas 75034

(Address of principal executive offices including zip code)

972 668-8800

(Registrant's telephone number and area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.50 (per share)CRKNew York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes¨Noþ

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes¨Noþ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YesþNo¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

YesþNo¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filerþAccelerated filer¨Non-accelerated filer¨Smaller reporting company¨
Emerging growth company¨

If an emerging growth company, indicate by check mark if registrant has elected to not use the extended transition period for complying with any new or revised final accounting standards provided pursuant to Section 13(a) of the Exchange Act. Emerging growth company¨

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. þ

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.¨

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).¨

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2).

Yes¨Noþ

The aggregate market value of the common stock held by non-affiliates of the registrant, based on the closing price of common stock on the New York Stock Exchange on June 30, 2023 (the last business day of the registrant's most recently completed second fiscal quarter), was$1.1 billion. As of February 15, 2024 there were 278,429,463 shares of common stock of the registrant outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission not later than 120 days after

December 31, 2023 are incorporated by reference into Part III of this report.

ANNUAL REPORT ON FORM 10-K

For the Fiscal Year Ended December 31, 2023

CONTENTS

Item · Page
Part I
Cautionary Note Regarding Forward-Looking Statements2
Definitions3
1.Business6
1A.Risk Factors23
1B.Unresolved Staff Comments29
1C.Cybersecurity29
2.Properties30
3.Legal Proceedings30
4.Mine Safety Disclosures30
Part II
5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities31
6.[Reserved]31
7.Management's Discussion and Analysis of Financial Condition and Results of Operations32
7A.Quantitative and Qualitative Disclosures About Market Risk39
8.Financial Statements and Supplementary Data39
9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure40
9A.Controls and Procedures40
9B.Other Information42
9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections42
Part III
10.Directors, Executive Officers and Corporate Governance42
11.Executive Compensation42
12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters42
13.Certain Relationships and Related Transactions, and Director Independence43
14.Principal Accountant Fees and Services43
Part IV
15.Exhibits and Financial Statement Schedules44
ContentsView on SEC.gov

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