Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 134

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 134
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 unit
           
          $
          13.21

          $
          15.92

          $
          15.11

         The Series B Convertible Preferred Stock was convertible into 43,750,000 shares of common stock. On November 30, 2022, all outstanding shares of the Series B Convertible preferred stock were converted into 43,750,000 shares of common stock. The dilutive effect of preferred stock is computed using the if-converted method as if conversion of the preferred shares had occurred at the earlier of the date of issuance or the beginning of the period. Weighted average shares of convertible preferred stock outstanding were as follows:  

          Year Ended December 31,

          2024

          2023

          2022

          (In thousands)

          Weighted average convertible preferred stock

          —

          —

          40,034

         None of the Company's participating securities participate in losses and as such are excluded from the computation of basic earnings per share during periods of net losses. For the year ended December 31, 2023, the weighted average shares of unvested restricted stock and PSUs were excluded from the computation of earnings per share because to include them would have been antidilutive to the calculation.

F-14

COMSTOCK RESOURCES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Basic and diluted income (loss) per share were determined as follows: 

          Year Ended December 31,

          2024

          2023

          2022

          (In thousands, except per share amounts)

          Net income (loss) available to common stockholders
           
          $
          (218,754
          )
           
          $
          211,894

          $
          1,124,868

          Income allocable to unvested restricted stock

          —

          (327
          )

          (4,278
          )

          Basic net income (loss) available to common stockholders
           
          $
          (218,754
          )
           
          $
          211,567

          $
          1,120,590

          Income allocable to convertible preferred stock

          —

          —

          16,014

          Income allocable to unvested restricted stock

          —

          —

          4,278

          Diluted net income (loss) available to common stockholders