Continental Resources (CLR) reported Q3 EPS of $2.88, $0.24 worse than the analyst estimate of $3.12. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.65 billion.
GUIDANCE:
2022 Guidance
Full-year average oil production (Bopd): 200,000 to 210,000
Full-year average natural gas production (Mcfpd): 1,100,000 to 1,200,000
Capital expenditures budget: $2.6 to $2.7 billion
Full-Year Operating Expenses:
Production expense per Boe: $3.75 to $4.25
Production tax (% of net oil & gas revenue): 7.5% to 8.0%
Cash G&A expense per Boe (1): $1.20 to $1.40
Non-cash equity compensation per Boe: $0.50 to $0.60
DD&A per Boe: $12.00 to $14.00
Average Price Differentials:
NYMEX WTI crude oil (per barrel of oil): ($2.25) to ($3.25)
Henry Hub natural gas (2) (per Mcf): $0.25 to $1.00