• $289.3 Million Net Income; $0.79 per Diluted Share ) in 2Q21 • $673 Million Cash Flow from Operations & $634 Million Free Cash Flow in 2Q21 • $3.8 Billion Projected Full-Year 2021 Cash Flow from Operations & $2.4 Billion Projected Full-Year 2021 FCF at Current Strip Prices1 • Enhanced Shareholder Capital Returns o $0.15 per Share Quarterly Dividend; $0.04 Increase Supported by Strong Cash Flow & Interest Savings o $1.0 [...]
Continental Resources Inc. today announced that its Board of Directors has declared a quarterly dividend of $0.15 per share on the Company's outstanding common stock, payable on August 20, 2021 to stockholders of record on August 10, 2021. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg "Continental's dividend update is a $0.04 increase to the Company's $0.11 per share quarterly dividend paid [...]
Earnings Conference Call Scheduled for Tuesday, August 3, 2021 at 12:00 p.m. ET Continental Resources Inc. plans to announce second quarter 2021 results on Monday, August 2, 2021 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss second quarter 2021 results on Tuesday, August 3, 2021 at 12:00 p.m. ET . Those wishing to listen to the conference call may do so [...]
Jim Webb to assume role of Senior Vice President, General Counsel, Chief Risk Officer and Secretary Continental Resources Inc. announces Eric S. Eissenstat has elected to retire from his position as Sr. Vice President, General Counsel, Chief Risk Officer and Secretary to return to private practice where he will work on access to justice and community service matters and provide high quality legal services to clients [...]
• Quarterly Dividend Doubled to $0.11 per Share o Payable on May 24, 2021 to Stockholders of Record on May 10, 2021 • $260 Million Net Income & $0.72 Earnings per Share in 1Q21 • $3.1 Billion Projected Full-Year 2021 Cash Flow from Operations & $1.7 Billion Projected Full-Year 2021 Free Cash Flow at $60 WTI & $2.75 HH • Accelerating Projected Debt Reduction to Below $4.0 Billion by Year-End 2021 • Projecting Approximately [...]
Company to Announce First Quarter 2021 Results on Wednesday, April 28, 2021; Earnings Conference Call Scheduled for Thursday, April 29, 2021 at 12:00 P.M. ET Continental Resources Inc. today provided an update on its first quarter 2021 production results. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg February 2021 weather adversely impacted first quarter 2021 total production by [...]
Continental Resources Inc. announced today that it will redeem the balance of the $230,782,000 in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022 on April 22, 2021, the redemption date for the Notes. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The redemption price for the Notes called for redemption will be equal to 100.00% of the principal amount, plus [...]
FY20: $1.4 B Cash Flow from Operations & $275 MM Free Cash Flow • 4Q20: $488 MM Cash Flow from Operations & $332 MM Free Cash Flow o $168 MM in Non-Acquisition Capex o 176.6 MBopd & 976 MMcfpd Average Daily Production o $2.80 Production Expense per Boe • FY20: Fifth Consecutive Year of Generating Positive FCF o $1.16 B in Non-Acquisition Capex o 160.5 MBopd & 837.5 MMcfpd Avg. Daily Production o $3.27 Production Expense [...]
Earnings Conference Call Scheduled for Wednesday, February 17, 2021 at 12:00 p.m. ET Continental Resources Inc. plans to announce full-year 2020 and fourth quarter 2020 results on Tuesday, February 16, 2021 after the close of trading on the New York Stock Exchange. The Company plans to host a conference call to discuss full-year 2020 and fourth quarter 2020 results on Wednesday, February 17, 2021 at 12:00 p.m. ET . Those [...]
Continental Resources Inc. announced today that it will redeem $400 million in aggregate principal amount, representing approximately 63% of the approximately $631 million in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022 on January 5, 2021, the redemption date for the Notes. Logo - https://mma.prnewswire.com/media/95419/continental_resources_logo.jpg The redemption price for the Notes [...]
Continental Resources Inc. announced today the results to date of Continental's previously announced cash tender offers to purchase up to $1.0 billion aggregate principal amount of its outstanding 5.0% senior notes due 2022 and 4.5% senior notes due 2023 , subject to a limit of $200 million aggregate principal amount of 2023 Notes that may be purchased in the Tender Offers . Logo [...]
Continental Resources Inc. announced today the pricing of its private placement of new 5.75% senior unsecured notes due 2031, which was upsized to $1.5 billion in aggregate principal amount from the originally proposed $1.0 billion offering. The notes were sold at par. The offering is expected to close on November 25, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this [...]