Continental Resources (CLR) Tops Q3 EPS by 7c

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Continental Resources Announces Third Quarter 2020 Results; Preliminary 2021 Outlook

November 5, 2020 4:15 PM EST

OKLAHOMA CITY, Nov. 5, 2020 /PRNewswire/ --

3Q20 Results and Full-Year 2020 Expectations

$291.2 Million Cash Flow from Operations in 3Q20; $258.3 Million Free Cash Flow (Non-   GAAP)

$149.4 Million in Non-Acquisition Capex in 3Q20; On Track for $1.2 Billion in Full-Year    2020   

297 MBoepd Average Daily Production in 3Q20 (57% Oil)    o   Maintain 2020 Average Annual Production Guidance of 155 to 165 MBopd & 800 to 820         MMcfpd    o   December 2020 Exit Rate Production of 315 to 325 MBoepd

$1.63 Total G&A per Boe in 3Q20 in Line with Initial 2020 Guidance; $1.04 Cash G&A per    Boe (Non-GAAP) and $3.19 Production Expense per Boe in 3Q20... More