Comstock Resources Management

Management criteria checks 3/4

Comstock Resources' CEO is Miles Allison, appointed in Jan 1988, has a tenure of 36.83 years. total yearly compensation is $9.92M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth €33.98M. The average tenure of the management team and the board of directors is 20.5 years and 10.8 years respectively.

Key information

Miles Allison

Chief executive officer

US$9.9m

Total compensation

CEO salary percentage	8.9%
CEO tenure	36.8yrs
CEO ownership	0.8%
Management average tenure	20.5yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Miles Allison's remuneration changed compared to Comstock Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$63m
Jun 30 2024	n/a	n/a	-US$20m
Mar 31 2024	n/a	n/a	US$61m
Dec 31 2023	US$10m	US$880k	US$212m
Sep 30 2023	n/a	n/a	US$619m
Jun 30 2023	n/a	n/a	US$954m
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$12m	US$880k	US$1b
Sep 30 2022	n/a	n/a	US$962m
Jun 30 2022	n/a	n/a	US$319m
Mar 31 2022	n/a	n/a	-US$236m
Dec 31 2021	US$9m	US$840k	-US$259m
Sep 30 2021	n/a	n/a	-US$538m
Jun 30 2021	n/a	n/a	-US$376m
Mar 31 2021	n/a	n/a	-US$252m
Dec 31 2020	US$5m	US$840k	-US$83m
Sep 30 2020	n/a	n/a	-US$120m
Jun 30 2020	n/a	n/a	US$9m
Mar 31 2020	n/a	n/a	US$91m
Dec 31 2019	US$9m	US$825k	US$74m
Sep 30 2019	n/a	n/a	US$84m
Jun 30 2019	n/a	n/a	US$82m
Mar 31 2019	n/a	n/a	US$27m
Dec 31 2018	US$8m	US$825k	-US$29m
Sep 30 2018	n/a	n/a	-US$170m
Jun 30 2018	n/a	n/a	-US$258m
Mar 31 2018	n/a	n/a	-US$191m
Dec 31 2017	US$6m	US$825k	-US$111m

Compensation vs Market: Miles's total compensation ($USD9.92M) is above average for companies of similar size in the German market ($USD1.92M).

Compensation vs Earnings: Miles's compensation has been consistent with company performance over the past year.

CEO

Miles Allison (68 yo)

36.8yrs

Tenure

US$9,916,144

Compensation

Mr. Miles Jay Allison has been the Chief Executive Officer of Comstock Resources Inc. since 1988 and had been its President from 1988 to May 8, 2013. He has been the Chairman of the Board of Comstock Resou...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Miles Allison	Chairman of the Board & CEO	36.8yrs	US$9.92m	0.80% € 34.0m
Roland Burns	President	34.8yrs	US$5.77m	0.45% € 19.1m
Daniel Harrison	Chief Operating Officer	7.3yrs	US$2.01m	0.24% € 10.4m
Daniel Presley	VP of Accounting	33.8yrs	US$929.58k	0.082% € 3.5m
Clifford Newell	VP of Corporate Development & Chief Commercial Officer	1.9yrs	US$1.01m	0.024% € 1.0m
Ronald Mills	Vice President of Finance & Investor Relations	5.3yrs	no data	0.041% € 1.7m
Patrick Mcgough	Vice President of Operations	no data	no data	0.071% € 3.0m

20.5yrs

Average Tenure

60yo

Average Age

Experienced Management: CX91's management team is seasoned and experienced (20.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Miles Allison	Chairman of the Board & CEO	37.8yrs	US$9.92m	0.80% € 34.0m
Roland Burns	President	25.8yrs	US$5.77m	0.45% € 19.1m
Jim Turner	Lead Independent Director	10.8yrs	US$315.75k	0.11% € 4.6m
Morris Foster	Independent Director	7.8yrs	US$271.75k	0.075% € 3.2m
Elizabeth Davis	Independent Director	10.5yrs	US$289.50k	0.053% € 2.2m

10.8yrs

Average Tenure

68yo

Average Age

Experienced Board: CX91's board of directors are seasoned and experienced ( 10.8 years average tenure).

Comstock Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Comstock Resources, Inc., Annual General Meeting, Jun 11, 2024

President recently bought €185k worth of stock

Lead Independent Director recently bought €197k worth of stock

Independent Director recently bought €191k worth of stock

Comstock Resources, Inc. Announces Resignation of David Terry as Senior Vice President of Corporate Development

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: US$0.089 loss per share (vs US$0.053 profit in 3Q 2023)

Comstock Resources, Inc. to Report Q3, 2024 Results on Oct 31, 2024

New minor risk - Share price stability

New major risk - Financial position

Second quarter 2024 earnings released: US$0.44 loss per share (vs US$0.17 loss in 2Q 2023)

Comstock Resources, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings released: US$0.059 loss per share (vs US$0.48 profit in 1Q 2023)

Comstock Resources, Inc., Annual General Meeting, Jun 11, 2024

Comstock Resources, Inc. to Report Q1, 2024 Results on May 01, 2024

New minor risk - Shareholder dilution

Comstock Resources, Inc. announced that it has received $100.45 million in funding

Comstock Resources, Inc. announced that it expects to receive $100.45 million in funding

Full year 2023 earnings released: EPS: US$0.76 (vs US$4.75 in FY 2022)

Comstock Resources, Inc. to Report Q4, 2023 Results on Feb 13, 2024

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.13 per share at 4.7% yield

Investor sentiment deteriorates as stock falls 16%

Third quarter 2023 earnings released: EPS: US$0.053 (vs US$1.51 in 3Q 2022)

Comstock Resources, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

Investor sentiment improves as stock rises 15%

New minor risk - Share price stability

Comstock Resources, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$0.13 per share at 4.4% yield

Second quarter 2023 earnings released: US$0.17 loss per share (vs US$1.60 profit in 2Q 2022)

Now 20% undervalued

Comstock Resources, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.13 per share at 4.8% yield

First quarter 2023 earnings released: EPS: US$0.49 (vs US$0.50 loss in 1Q 2022)

Now 20% undervalued after recent price drop

President recently bought €185k worth of stock

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of US$0.13 per share at 4.1% yield

Now 24% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$4.77 (vs US$1.12 loss in FY 2021)

Comstock Resources, Inc. Declares Quarterly Dividend, Payable on March 15, 2023

Comstock Resources, Inc. to Report Q4, 2022 Results on Feb 14, 2023

Lead Independent Director recently bought €197k worth of stock

Independent Director recently bought €191k worth of stock

Investor sentiment deteriorated over the past week

Comstock Resources, Inc. Announces Resignation of David Terry as Senior Vice President of Corporate Development

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$1.51 (vs US$1.26 loss in 3Q 2021)

Comstock Resources, Inc. Declares Quarterly Dividend, Payable on December 15, 2022

Investor sentiment improved over the past week

Comstock Resources, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Independent Director recently bought €245k worth of stock

Investor sentiment improved over the past week

Insider recently bought €419k worth of stock

Comstock Resources, Inc. Provides Production Guidance for the third quarter and Full Year 2022

Second quarter 2022 earnings released: EPS: US$1.61 (vs US$0.80 loss in 2Q 2021)

Comstock Resources, Inc. to Report Q2, 2022 Results on Aug 01, 2022

First quarter 2022 earnings released: US$0.50 loss per share (vs US$0.60 loss in 1Q 2021)

Comstock Resources, Inc. Announces Drilling Results for the First Quarter Ended March 31, 2022

Insufficient new directors

Comstock Resources, Inc., Annual General Meeting, Jun 14, 2022

Comstock Resources, Inc. to Report Q1, 2022 Results on May 03, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Comstock Resources, Inc. Provides Production Guidance for the Year 2022

Third quarter 2021 earnings released: US$1.26 loss per share (vs US$0.57 loss in 3Q 2020)

Insufficient new directors

Second quarter 2021 earnings released: US$0.80 loss per share (vs US$0.29 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.60 loss per share (vs US$0.16 profit in 1Q 2020)

Full year 2020 earnings released: US$0.39 loss per share (vs US$0.52 profit in FY 2019)

Revenue misses expectations

New 90-day high: €4.38

Comstock Resources, Inc. to Report Q4, 2020 Results on Feb 17, 2021

New 90-day low: €3.48

Revenue misses expectations

Third quarter 2020 earnings released: US$0.57 loss per share