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Comstock Resources: SOCAR And Jones Family Deals Substantially Improve Its Financial Outlook
Source: seekingalpha.com
M&A & RestructuringCompany FundamentalsEnergy Markets & PricesCredit & Bond Markets
Comstock's SOCAR and Jones transactions are projected to reduce year-end 2027 net debt to below $2 billion from roughly $4 billion, materially easing financial pressure. The improved balance sheet could support development of its Western Haynesville assets, while the SOCAR transaction is valued at about 7x EBITDAX assuming $3.30/MMBtu NYMEX natural gas.
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