Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 7, 2003
COMSTOCK RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
STATE OF NEVADA 000-16741 94-1667468
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction incorporation) Identification Number)
5300 Town And Country Boulevard
Suite 500
Frisco, Texas 75034
(Address of principal executive offices)
(972) 668-8800
(Registrant's Telephone No.)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
The following Exhibits are hereby filed as part of this Current Report on
Form 8-K:
Exhibit 99.1 Press Release dated May 7, 2003 with respect to the
Registrant's financial results for the first quarter ended
March 31, 2003
Item 9. Regulation FD Disclosure
The information included in this section is intended to be furnished under
"Item 12. Disclosure of Results of Operations and Financial Condition" and is
included under this Item 9 in accordance with SEC Release No. 33-8216. The
information in this Form 8-K and the Exhibit attached hereto shall not be deemed
"filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference in such
filing.
On May 7, 2003, Comstock Resources, Inc. ("Comstock") announced financial
results for the first quarter ended March 31, 2003. A copy of the press release
announcing Comstock's earnings results for the first quarter ended March 31,
2003 is attached hereto as Exhibit 99.1.
The earnings press release contains financial measures that are not in
accordance with generally accepted accounting principles in the United States
("GAAP"). Comstock has provided reconciliations within the earnings release of
the non-GAAP financial measures to the most directly comparable GAAP financial
measures. Operating cash flow is presented in the earnings release because
management believes it to be useful to investors. EBITDAX is presented in the
earnings release because management believes that EBITDAX, which represents
Comstock's results from operations before interest, income taxes, and certain
non-cash items, including depreciation, depletion and amortization and
exploration expense, is a common alternative measure of operating performance
used by certain investors and financial analysts. The non-GAAP financial
measures described above should be considered in addition to, but not as a
substitute for, measures of financial performance prepared in accordance with
GAAP that are presented in the earnings release.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: May 7, 2003
COMSTOCK RESOURCES, INC.
By: /s/ M. Jay Allison
-------------------------
M. JAY ALLISON
President and Chief Executive Officer
Exhibit Index
Exhibit 99.1 Press Release dated May 7, 2003