Continental Resources (CLR) Tops Q4 EPS by 3c

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Continental Resources Announces Full-Year 2019 And 4Q19 Results; 2020 Capital Budget And Guidance

February 26, 2020 4:15 PM EST

OKLAHOMA CITY, Feb. 26, 2020 /PRNewswire/ --

Full-Year 2019 Results

$775.6 Million (MM) in Net Income, or $2.08 per Diluted Share     $838.7 MM Adjusted Net Income, or $2.25 per Diluted Share (Non-GAAP)

340,395 Boepd Average Daily Production, up 14% Year-over-Year (YoY)      197,991 Bopd Average Daily Oil Production; up 18% YoY

$3.1 Billion (B) of Cash Flow from Operations; $608 MM of Free Cash Flow (non-GAAP)

$406 MM in Shareholder Capital Return        $190 MM Share Repurchases and $18 MM Quarterly Dividend     $442 MM Total Debt Reduction; $198 MM Net Debt Reduction (Non-GAAP)

No. 1 Oil Producer in Both the Bakken and Oklahoma     Bakken: 148,416... More