Company Quick10K Filing
Continental Resources
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-02-26
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-08-05
10-Q 2019-03-31 Filed 2019-04-29
10-K 2018-12-31 Filed 2019-02-19
10-Q 2018-09-30 Filed 2018-10-29
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-21
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-03
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-03
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-11-04
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-06
10-K 2014-12-31 Filed 2015-02-24
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-02-27
10-Q 2013-09-30 Filed 2013-11-07
10-Q 2013-06-30 Filed 2013-08-08
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-03
10-K 2011-12-31 Filed 2012-02-24
10-Q 2011-09-30 Filed 2011-11-03
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-02-25
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-05-11 Earnings, Regulation FD, Exhibits
8-K 2020-02-26 Earnings, Regulation FD, Exhibits
8-K 2019-12-11 Officers, Regulation FD
8-K 2019-11-18 Officers
8-K 2019-10-30 Earnings, Regulation FD, Exhibits
8-K 2019-08-05 Earnings, Regulation FD, Exhibits
8-K 2019-06-04 Officers
8-K 2019-05-16 Shareholder Vote
8-K 2019-04-29 Earnings, Regulation FD, Exhibits
8-K 2019-03-06 Officers
8-K 2019-02-18 Earnings, Regulation FD, Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2019-02-12 Officers
8-K 2018-10-29 Earnings, Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Regulation FD, Exhibits
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-05-17 Officers
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-02 Earnings, Regulation FD, Exhibits
8-K 2018-04-09 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2018-03-26 Officers
8-K 2018-03-19 Officers
8-K 2018-02-21 Earnings, Regulation FD, Exhibits
8-K 2018-02-16 Other Events
8-K 2018-02-15 Earnings, Exhibits

Continental Resources Financials

CLR Metrics, Comps, Filings

Quarterly | Annual

Business

We are an independent crude oil and natural gas company formed in 1967 engaged in the exploration, development, and production of crude oil and natural gas primarily in the North, South and East regions of the United States. Additionally, we pursue the acquisition and management of perpetually owned minerals located in certain of our key operating areas. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken, and the Red River units. The South region includes all properties south of Nebraska and west of the Mississippi River including various plays in the SCOOP and STACK areas of Oklahoma. The East region is primarily comprised of undeveloped leasehold acreage east of the Mississippi River with no significant drilling or production operations.

A substantial portion of our operations is located in the North region, with that region comprising 59% of our crude oil and natural gas production and 73% of our crude oil and natural gas revenues for the year ended December 31, 2018. The Company's principal producing properties in the North region are located in the Bakken field of North Dakota and Montana. Approximately 55% of our proved reserves as of December 31, 2018 are located in the North region. Our operations in the South region continue to expand with our increased activity in the SCOOP and STACK plays and that region comprised 41% of our crude oil and natural gas production, 27% of our crude oil and natural gas revenues, and 45% of our proved reserves as of and for the year ended December 31, 2018.

We focus our exploration activities in large new or developing crude oil and natural gas plays that provide us the opportunity to acquire undeveloped acreage positions for future drilling operations. We have been successful in targeting large repeatable resource plays where three dimensional seismic, horizontal drilling, geosteering technologies, advanced completion technologies (e.g., fracture stimulation), pad/row development, and enhanced recovery technologies allow us to develop and produce crude oil and natural gas reserves from unconventional formations. As a result of these efforts, we have grown substantially through the drill bit.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pioneer Natural Resources (PXD) 21,222 0% 12.1 2% 18,078 7,198 0 412 1,898 22,997
Diamondback Energy (FANG) 14,800 0% 8.1 5% 23,553 8,064 3,492 0 1,094 2,396 19,461
Concho Resources (CXO) 14,652 0% 14.2 -1% 26,132 7,621 3,346 0 -234 1,340 19,001
Continental Resources (CLR) 11,907 0% 6.6 5% 15,771 9,219 4,586 0 781 2,627 17,443
Noble Energy (NBL) 11,035 0% 11.9 -1% 22,004 11,818 3,264 0 -245 1,521 18,113
Devon Energy (DVN) 9,984 35% 4.5 10% 14,394 7,852 8,977 3,113 1,436 2,823 12,623
Marathon Oil (MRO) 9,919 0% 6.0 2% 20,373 8,102 3,978 0 500 2,294 13,657
Apache (APA) 9,621 70% 8.9 -4% 21,405 15,104 6,437 4,504 -785 2,012 17,870
Cabot Oil & Gas (COG) 7,230 0% 8.4 12% 4,443 2,229 1,605 0 534 992 8,368
Encana (ECA) 6,098 0% 4.2 6% 21,356 11,435 7,879 0 1,270 3,301 13,785
Newfield Exploration (NFX) 5,879 0% 6.5 9% 5,676 3,805 711 0 524 1,232 8,004
Texas Pacific Land Trust (TPL) 5,165 0% 12.9 60% 522 79 470 0 312 381 4,915
Cimarex Energy (XEC) 5,162 0% 26.8 2% 7,619 3,648 1,706 0 176 266 7,138
Southwest Gas (SWX) 4,988 49% 12.3 3% 7,840 5,417 2,272 1,118 264 605 7,459
Parsley Energy (PE) 4,775 0% 6.8 3% 9,996 3,433 1,891 0 316 1,034 6,985
Helmerich & Payne (HP) 4,431 0% 8.4 -1% 5,840 1,827 2,798 0 -34 540 4,535
WPX Energy (WPX) 4,416 0% 4.1 8% 8,620 3,977 2,871 0 732 1,641 6,701
Murphy Oil (MUR) 3,690 0% 2.2 12% 11,784 5,758 2,792 0 1,402 2,742 6,034
EQT (EQT) 2,851 46% 10.7 -3% 20,160 9,263 4,779 2,219 -681 619 6,643
Transocean (RIG) 2,777 24% -46.1 -6% 24,449 12,507 3,044 731 -1,444 -213 9,816

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash15149847726142544329259365922092285277715224482517111317191717171144981301328326420635
Accounts Receivable
Inventory
PP&E2,4422,7042,9823,2863,6354,0466,1645,5016,1796,92210,2258,7659,44010,11313,84111,44412,16612,99418,28714,11114,16914,17420,51113,84313,54113,09520,53412,88012,92212,91922,01813,07313,34013,64524,67714,11814,38814,521
Assets2,8923,3353,5924,5134,6525,1005,6466,5307,2548,2269,1409,93210,90011,42011,94112,76514,37814,71215,14515,43515,41015,20614,92014,63314,36013,86513,81213,82613,87113,99514,20014,37814,79815,03115,29815,63415,82915,771
Accounts Payable2913133914264415266436056666246877357699078859461,0441,2011,2641,009777614553485413413476583690671693740812771718756738695
Long-Term Debt6108969268968968969851,8942,2552,9463,5403,9794,4434,4424,7165,0706,1335,8345,9986,7876,9907,1117,1187,2067,1516,8326,5806,5106,5566,6156,3546,1666,1675,9585,7685,7695,7705,571
Liabilities1,6822,0862,3842,7802,6772,6813,3384,1514,4635,3015,9766,6207,2577,6007,9888,57710,0739,86410,17710,59410,55410,40710,25110,1589,9939,6059,5109,5179,6179,7189,0689,0169,1859,0929,1539,3109,3469,219
Stockholders' Equity1,2091,2491,2081,7341,9762,4192,3082,3792,7912,9253,1643,3123,6433,8213,9534,1884,3044,8484,9684,8414,8564,7994,6694,4754,3674,2614,3024,3094,2544,2775,1315,3615,6135,9396,1456,3246,4846,552
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue2802198106039691143951,0054846897101,1018248209728861,6451,2986267966835754534515265506856617271,0471,1411,1381,2821,1491,1241,2081,104
Cost of Revenue
Gross Profit
R&D
SG&A11121416211821253732353438344144564450454454463236445747394461434744484747
Tax6325-42-84147270643250230831909878133613137804-49-830-73-652603800727597527650
Net Income10239-45-137239439-1126940644221141323167133226104534114-1320-82-140-198-119-110280-6411842234242314199187237158
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1051581962332413983654063774844586998225856917428451,078522395499442279219366262470446431731886754861722783807
Cash Investing-246-330-355-448-460-742-995-778-818-1,312-873-977-949-912-1,019-1,058-1,149-1,361-1,278-685-634-449-359-159-3217-389-490-495-435-628-715-760-753-805-696
Cash Financing27631629-1-0355619359671604438440-12643521,041-321155784267132381-56-331-282-804457-263-204-7-21813-37-282