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Comstock Announces $600 Million Strategic Investment by Sixth Street in Pinnacle Gas Services

Comstock Announces $600 Million Strategic Investment by Sixth Street in Pinnacle Gas Services

Frisco, Texas, June 15, 2026 – Comstock Resources, Inc. (NYSE: CRK) announced today that it has sold a minority equity interest in Comstock’s midstream subsidiary, Pinnacle Gas Services LLC (“Pinnacle”), to certain funds managed by Sixth Street, a leading global investment firm.

Sixth Street invested $600 million in Pinnacle and acquired a 27% non-controlling common equity interest in Pinnacle. Sixth Street’s investment values Pinnacle at a $2.2 billion enterprise value. Upon closing the transaction, Comstock retained a 73% controlling common equity interest in Pinnacle, valued today at approximately $1.6 billion, and continues to manage, operate and control the business under a management services agreement with…

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