Continental Resources (CLR) Misses Q2 EPS by 19c

Continental Resources (NYSE: CLR) reported Q2 EPS of $1.50, $0.19 worse than the analyst estimate of $1.69. Revenue for the quarter came in at $886.1 million versus the consensus estimate of $1.1 billion.

EBITDAX for second quarter 2014 was $868 million, a 12% increase over EBITDAX of $775 million for first quarter 2014 and 23% above EBITDAX for second quarter 2013.

Harold G. Hamm, Chairman and Chief Executive Officer, commented, "Our team executed very well this quarter, evidenced by sequential quarterly production growth of 15,500 Boe per day, putting us on track to achieve our annual production growth target for 2014. Our superior asset base is gaining value each quarter from our work in density development, exploration drilling and production improvements. We are making great progress with enhanced completions and are encouraged with early results."

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

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