Continental Resources (CLR) Tops Q4 EPS by 59c, Offers Guidance

Continental Resources (NYSE: CLR) reported Q4 EPS of $1.14, $0.59 better than the analyst estimate of $0.55.

John D. Hart, Continental's Chief Financial Officer, commented, "Looking ahead, our strategy is to maintain our financial strength and focus on operating efficiencies until commodity prices improve. We have ample liquidity and no near-term debt maturities, providing a great deal of flexibility in how we deploy capital in 2015 and beyond."

Continental's 2015 guidance for natural gas differentials has been updated to $0.00 to negative $0.50 per Mcf due to market weakness in natural gas and natural gas liquids. Guidance has also been updated to reflect an income tax rate of 38% due to increased operations in Oklahoma. The Company's full-year 2015 guidance, which includes all differentials and select cost elements, can be found at the conclusion of this release.

The following table provides the Company's production results, average sales prices, per-unit operating costs, results of operations and certain non-GAAP financial measures for the periods presented. Average sales prices exclude any effect of derivative transactions. Per-unit expenses have been calculated using sales volumes.

For earnings history and earnings-related data on Continental Resources (CLR) click here.

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