Kyle Ackerman's questions to Comstock Resources Inc (CRK) leadership • Q4 2024
Question
Kyle Ackerman of Bank of America asked about the company's early thoughts on 2026, specifically whether the current 7-rig activity level would be maintained, and inquired about the target leverage ratio for year-end 2026.
Answer
President & CFO Roland Burns confirmed that a 7-rig program is a comfortable level, allowing the company to improve its balance sheet. He stated that while debt won't be added in 2025, 2026 will be a year for significant debt reduction. He projected leverage would improve through 2025, with a goal of getting below 1.5x in 2026.