Continental Resources

Continental Resources, Inc. (NYSE: CLR), based in Oklahoma City, is focused on the exploration and production of onshore oil-prone plays and is a Top 10 independent oil producer in the United States.  The Company has a long and successful history of developing its industry-leading leasehold and production in the nation's premier oil play, the Bakken of North Dakota and Montana, as well as significant positions in Oklahoma in its recently discovered SCOOP play and the Northwest Cana play.

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OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ -- • $369.3 MM Net Income; $1.01 per Diluted Share ($437.2 MM Adjusted Net Income; $1.20 per Adjusted Share (Non-GAAP)) in 3Q21 • $1.0 B Cash Flow from Operations & Company Record $669 MM Free Cash Flow (Non-GAAP) in 3Q21 •  $3.9 B Projected Full-Year 2021 Cash Flow from Operations & $2.6 B Projected Full-Year 2021 Free Cash Flow (FCF) (Non-GAAP) at Current Strip Prices1 (~14% FCF Yield2 (Non-GAAP)) • Highly Accretive Expansion into Permian Basin; Immediately Additive to FCF Capacity      o Adds up to 2% to Projected Return on Capital Employed3 (ROCE) on an Annual Basis4        o Over 650 Gross Operated Locations in Third Bone Spring/Wolfcamp A & B; Over 1,000 Total Locations, Including Additional Zones Producing in the Basin      o 92 K Contiguous Net Leasehold Acres & 50 K Net Royalty Acres5; Extensive Owned Water Infrastructure      o PDP6 Represents ~75% of Transaction Price; ~55 MBoepd (~70% Oil) • Accelerating Commitment to Shareholder Capital & Corporate Returns       o $0.05 Increase to Quarterly Dividend to $0.20 per Share; Approximately 1.6% Annualized Dividend Yield7      o $65 MM Share Repurchases Executed; $618 MM Remaining under Previous Board Authorization      o 21% Projected ROCE in 2021 Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced its third quarter 2021 operating and financial results. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The Company reported net income of $369.3 million, or $1.01 per diluted share, for the quarter ended September 30, 2021.

Continental Resources Announces 3Q21 Results; Delivering Record Free Cash Flow & Strategic Expansion Into Permian Basin

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During our quarterly webcast last week (Oct. 21, 2021), someone asked us a great question. They asked, “Does the ten-year Treasury bond rate at 1.65% and an inflation rate of 5% teach us that inflation will be transitory?

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Continental Resources (CLR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Continental Resources (CLR) Might Surprise This Earnings Season

Continental Resources' (CLR) third-quarter earnings are likely to have been boosted by higher oil and gas prices.

Why Continental (CLR) is Likely to Deliver Q3 Earnings Beat

Improved oil price and production are likely to have aided Continental's (CLR) Q3 earnings.

Is a Beat in Store for Continental (CLR) This Earnings Season?

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OKLAHOMA CITY, Oct. 26, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced its third quarter 2021 production results and record free cash flow (non-GAAP)  and rescheduled its third quarter 2021 earnings release and conference call. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg Third quarter 2021 total production averaged approximately 331.4 MBoepd.

Continental Resources Announces Third Quarter 2021 Production Results & Record Free Cash Flow; Reschedules Third Quarter 2021 Earnings Release And Conference Call

Continental Resources is benefiting from its lack of oil hedges. At current strip, it may be able to generate $6 billion in positive cash flow between 2021 and 2022.

Continental Resources: 2-Year Free Cash Flow May Reach $6 Billion

Continental Resources (CLR) closed the most recent trading day at $51.83, moving +0.93% from the previous trading session.

Continental Resources (CLR) Outpaces Stock Market Gains: What You Should Know

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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for nine straight weeks.

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The shares of Continental Resources, Inc. (NYSE: CLR) have received a price target of $70 from Truist. These are the details.

CLR Stock: $70 Price Target From Truist

In the latest trading session, Continental Resources (CLR) closed at $53.87, marking a +0.82% move from the previous day.

Continental Resources (CLR) Gains As Market Dips: What You Should Know

Continental Resources (CLR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Continental Resources (CLR)

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Rising oil price continues to aid Continental (CLR).

Continental (CLR) Up 205.1% YTD: What's Behind the Rally?

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The significant crude price recovery indicates sunny prospects for oil explorers and producers. CLR, MGY & WLL with their promising upstream businesses are thus well poised to gain from such an upbeat scenario.

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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for eight straight weeks.

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OKLAHOMA CITY, Oct. 1, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") plans to announce third quarter 2021 results on Monday, November 1, 2021 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss third quarter 2021 results on Tuesday, November 2, 2021 at 12:00 p.m.

Continental Resources To Announce Third Quarter 2021 Results On Monday, November 1, 2021

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News for Continental Resources Stock (CLR)