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Quarterly Financial Data - Schedule Of Quarterly Financial Data (Detail) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Effect of Fourth Quarter Events [Line Items]                      
Sale of Canadian subsidiary and assets                 $ (16,860,000) $ 0 $ 0
Estimated litigation liability, after tax                     $ 37,000,000.0
Diluted eps estimated litigation settlement                     $ 0.10
Diluted EPS impact from sale of Canadian assets $ 0.05                    
Loss on extinguishment of debt 0 [1] $ 4,584,000 [1] $ 0 [1] $ 0 [1] $ 0 [1] $ 7,133,000 [1] $ 0 [1] $ 0 [1] 4,584,000 7,133,000 $ 554,000
Net income (loss) 194,108,000 [2] 157,422,000 236,450,000 186,493,000 199,121,000 314,169,000 242,464,000 233,946,000 774,473,000 989,700,000 789,447,000
Total revenues 1,195,134,000 [3] 1,104,197,000 [3] 1,208,382,000 [3] 1,124,234,000 [3] 1,149,294,000 [3] 1,282,151,000 [3] 1,137,113,000 [3] 1,141,028,000 [3] 4,631,947,000 4,709,586,000 3,120,828,000
Gain (loss) on derivative instruments, net 4,436,000 [3] (1,195,000) [3] (53,448,000) [3] 1,124,000 [3] 19,394,000 [3] 2,025,000 [3] 12,685,000 [3] (10,174,000) [3] (49,083,000) 23,930,000 (91,647,000)
Property impairments 19,348,000 [4] 20,199,000 [4] 21,339,000 [4] 25,316,000 [4] 38,494,000 [4] 23,770,000 [4] 29,162,000 [4] 33,784,000 [4] 86,202,000 125,210,000 237,370,000
Litigation settlement                 0 0 59,600,000
Gain (Loss) on Disposition of Property Plant Equipment 1,182,000 [5] (535,000) [5] (364,000) [5] 252,000 [5] 8,410,000 [5] 1,510,000 [5] 6,710,000 [5] 41,000 [5] (535,000) (16,671,000) (55,124,000)
Income from operations 293,876,000 278,724,000 379,847,000 304,965,000 330,414,000 491,308,000 391,276,000 380,722,000 1,257,412,000 1,593,720,000 449,401,000
Tax benefit from US tax reform legislation                 0 0 (713,655,000)
Net income (loss) attributable to Continental Resources $ 193,946,000 [2] $ 158,162,000 $ 236,557,000 $ 186,976,000 $ 197,738,000 $ 314,169,000 $ 242,464,000 $ 233,946,000 $ 775,641,000 $ 988,317,000 $ 789,447,000
Net income per share: Basic $ 0.53 [2] $ 0.43 $ 0.63 $ 0.50 $ 0.53 $ 0.84 $ 0.65 $ 0.63 $ 2.09 $ 2.66 $ 2.13
Net income per share: Diluted $ 0.53 [2] $ 0.43 $ 0.63 $ 0.50 $ 0.53 $ 0.84 $ 0.65 $ 0.63 $ 2.08 $ 2.64 $ 2.11
[1]
See Note 7. Long-Term Debt for discussion of the losses recognized by the Company upon the partial redemptions of its 2022 Notes in the 2019 third quarter and 2018 third quarter.
[2] In the fourth quarter of 2019, the Company sold its Canadian subsidiary and associated properties and a $16.9 million ($0.05 per basic and diluted share) decrease in income tax expense and corresponding increase in net income was recognized as discussed in Note 9. Income Taxes
[3]
Gains and losses on natural gas derivative instruments are reflected in “Total revenues” on both the consolidated statements of comprehensive income and this table of unaudited quarterly financial data. Commodity price fluctuations each quarter can result in significant swings in mark-to-market gains and losses, which affects comparability between periods.
[4]
Property impairments have been shown separately to illustrate the impact on quarterly results attributable to write downs of the Company’s assets. Commodity price fluctuations each quarter can result in significant changes in estimated future cash flows and resulting impairments, which affects comparability between periods.
[5]
Gains and losses on asset sales have been shown separately to illustrate the impact on quarterly results attributable to asset dispositions, which differ in significance from period to period and affect comparability. See Note 16. Property Dispositions for a discussion of notable dispositions.