SCHEDULE: Key Group, Sunil Jagwani Disclose 5.1% Stake in Comstock

Key Group Long Term Investments LP and Sunil Jagwani have disclosed a 5.1% beneficial ownership stake in Comstock Resources, Inc., totaling 15,042,600 shares.

Summary

• Key Group Long Term Investments LP and Sunil Jagwani have jointly filed a Schedule 13G, reporting beneficial ownership of Comstock Resources, Inc. common stock.
• The reporting persons collectively own 15,042,600 shares of Comstock Resources, Inc. common stock.
• This ownership represents 5.1% of the outstanding class of Comstock Resources, Inc. common stock.
• The shares are held with shared voting power and shared dispositive power between Key Group Long Term Investments LP and Sunil Jagwani.
• The event requiring this filing occurred on November 26, 2025.
• Sunil Jagwani is identified as a General Partner of Key Group Long Term Investments LP and may be considered a control person for the entity.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as a new significant beneficial ownership stake (5.1%) by an institutional investor and an individual can be interpreted as a sign of confidence in the company, although the filing itself is purely factual and does not contain explicit positive or negative statements about the company's performance.

Positives

• A new significant institutional investor, Key Group Long Term Investments LP, and an individual, Sunil Jagwani, have taken a 5.1% stake in Comstock Resources, Inc., which can be viewed as a vote of confidence in the company's future prospects.

Negatives

• NA

Risks

• The filing itself does not detail specific risks related to Comstock Resources, Inc. beyond the inherent risks of investing in common stock.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Comstock Resources, Inc.'s future performance or outlook.

Industry Context

The disclosure of a new significant ownership stake in Comstock Resources, Inc., an energy company, indicates continued investor interest in the sector. While this filing does not provide specific industry analysis, it reflects a capital allocation decision by Key Group Long Term Investments LP and Sunil Jagwani within the broader energy investment landscape.

Stakeholder Impact

• Shareholders: The disclosure of a new significant shareholder could influence market perception and potentially the stock price, signaling increased institutional interest.
• Company Management: Awareness of a new 5.1% shareholder may prompt engagement or consideration of their interests, although the filing certifies no intent to influence control.

Key Dates

Keywords

Comstock Resources, Key Group Long Term Investments, Sunil Jagwani, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Energy Sector