Comstock Resources sold a 27% stake in its midstream subsidiary, Pinnacle Gas Services, to Sixth Street for $600 million, valuing the business at approximately $2.2 billion while allowing Comstock to retain operational control. The transaction strengthens Comstock’s balance sheet, eliminates Pinnacle’s debt and preferred equity, and highlights growing confidence in the Western Haynesville’s ability to supply natural gas for LNG exports, power generation, and data center demand.
Comstock Unlocks $2.2 Billion Midstream Valuation with Sixth Street Investment
