Continental Resources Announces First Quarter 2020 Results
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Continental Resources (CLR) Misses Q1 EPS by 9c, Revenues Beat
May 11, 2020 6:38 AM EDTContinental Resources (NYSE: CLR) reported Q1 EPS of ($0.08), $0.09 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $880.8 million versus the consensus estimate of $863.67 million.
360,841 Boepd Average Daily 1Q20 Production; up 9% YoY (56% Oil)Lowest Cost Producer amongst Oil-Weighted Peers $3.61 Production Expense per Boe and $1.31 Total G&A per Boe in 1Q20Approx. $55 MM Reduction to 2020 G&A through Ongoing Cost Savings Evaluation$650.7 MM Capex in 1Q20; 2020 Capex Tracking 3% to 5% below Previously Revised $1.2 B Budget Zero Stim Crews in the Bakken and Averaging 1 Stim Crew in OK through Remainder... More