Continental Resources (CLR) Misses Q1 EPS by 1c, Beat on Revenues; Positive on FY Production, CAPEX Guidance

Continental Resources (NYSE: CLR) reported Q1 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $685.43 million versus the consensus estimate of $643.85 million.

"I am very pleased with the performance of our assets and operations so far this year. Relative to 2017 guidance, we are ahead on production, under on CAPEX and expect to be at the top-end or better than our production guidance for the year" said Harold Hamm, Chairman and Chief Executive Officer. "In the Bakken, we have seen industry-wide basin wellhead netbacks strengthen by approximately $2.00 per barrel with new pipeline capacity and additional markets becoming available. This will begin to positively impact our economics over the next several months."

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

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