Continental Resources (CLR) Reports In-Line Q3 EPS

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Continental Resources Announces 3Q21 Results; Delivering Record Free Cash Flow & Strategic Expansion Into Permian Basin

November 3, 2021 4:10 PM EDT

OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ --

 $369.3 MM Net Income; $1.01 per Diluted Share ($437.2 MM Adjusted Net Income; $1.20 per Adjusted Share (Non-GAAP)) in 3Q21

$1.0 B Cash Flow from Operations & Company Record $669 MM Free Cash Flow (Non-GAAP) in 3Q21

 $3.9 B Projected Full-Year 2021 Cash Flow from Operations & $2.6 B Projected Full-Year 2021 Free Cash Flow (FCF) (Non-GAAP) at Current Strip Prices1 (~14% FCF Yield2 (Non-GAAP))

 Highly Accretive Expansion into Permian Basin; Immediately Additive to FCF Capacity     o Adds up to 2% to Projected Return on Capital Employed3 (ROCE) on an Annual... More