Short answer
COMSTOCK RESOURCES INC (CRK) filed an 8-K current report with the SEC on June 16, 2026 reporting Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Sixth Street invested $600 million for a 27% non-controlling stake in Pinnacle Gas Services.
COMSTOCK RESOURCES INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Sixth Street invested $600 million for a 27% non-controlling stake in Pinnacle Gas Services
- Comstock retains 73% control and continues managing Pinnacle under a services agreement
- Proceeds retired $445 million of Pinnacle preferred equity plus accrued dividends and all outstanding Pinnacle debt
- Transaction reduces Pinnacle financing obligations while providing Comstock liquidity for working capital
Item EX-99.1 · Exhibit EX-99.1
- Sixth Street invested $600 million for a 27% non-controlling stake, valuing Pinnacle at $2.2 billion enterprise value
- Comstock retains operational control and a 73% controlling interest valued at approximately $1.6 billion
- Proceeds retired Pinnacle’s $445 million preferred equity plus accrued dividends, all outstanding debt, transaction costs, and working capital
- Transaction expected to reduce Pinnacle fixed charges by approximately $40 million annually
- Sixth Street’s stake may fall to 19.5%, increasing Comstock’s ownership to 80.5% after specified return hurdles
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