Quietly Soaring U.S. Natural Gas Stock Comstock, Market Cap Increases by 460 Billion Won in One Day

Comstock Resources, Inc. (CRK), a U.S. natural gas producer, closed at $15.16 on the New York Stock Exchange on June 30, up 6.84%, pushing its market capitalization to about $4.45 billion (approximately KRW 6.2 trillion).
Over the course of the day, its market value rose by roughly $327 million (around KRW 460 billion), with trading volume reaching 1.611 million shares.

In mid-June, Comstock sold a 27% stake in its intermediate subsidiary, Pinnacle Gas Services, to investor Sixth Street for $600 million (about KRW 840 billion), valuing Pinnacle at $2.2 billion. Proceeds from the deal were used to repay Pinnacle’s preferred equity and all outstanding debt, significantly strengthening Comstock’s balance sheet.

The transaction is expected to cut Pinnacle’s annual fixed costs by about $40 million, underscoring the value and growth potential of the West Haynesville gas infrastructure.

Comstock Resources is an independent natural gas producer focused on developing the Haynesville Shale in Louisiana and Texas, holding large gas reserves and over 800,000 net acres in West Haynesville. This year, the company teamed up with NextEra Energy to build a gas-fired power generation and distribution hub near West Haynesville. Scalable up to 8 gigawatts, the project is designed to meet rising power demand from AI data centers and LNG facilities.