Continental Resources (CLR) Declares $0.28 Quarterly Dividend; 1.7% Yield

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Go back to Continental Resources (CLR) Declares $0.28 Quarterly Dividend; 1.7% Yield

CONTINENTAL RESOURCES ANNOUNCES 2Q22 RESULTS, DECLARES QUARTERLY DIVIDEND, & UPDATES VARIOUS 2022 GUIDANCE METRICS & DIFFERENTIALS

July 28, 2022 4:15 PM EDT

OKLAHOMA CITY, July 28, 2022 /PRNewswire/ --

Strong 2Q22 Results  $1.74 B Cash Flow from Operations (CFO) & $1.23 B Free Cash Flow (FCF) (Non-GAAP)  $1.21 B Net Income; $3.35 per Diluted Share ($1.25 B Adj. Net Income; $3.47 per Adj. Share (Non-GAAP))  $265.2 MM Total Debt Reduction and $814.2 MM Net Debt (Non-GAAP) Reduction in 2Q22

Declaring $0.28 per Share Quarterly Dividend (Payable 8/22/22 to Stockholders of Record on 8/8/22)

Updating Various 2022 Guidance Metrics & Differentials  Increasing Projected Return on Capital Employed (ROCE) to ~32% from Previous ~31%  Improving 2022 Crude Oil Differentials per Barrel of Oil to Average ($2.25) to ($3.25) from ($2.50) to ($3.50) ... More