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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income before income taxes $ 792,435 $ 340,803
Revenues:    
Crude oil, natural gas, and natural gas liquids sales 2,274,261 1,247,533
Loss on derivative instruments, net (475,938) (43,507)
Crude oil and natural gas service operations 17,915 11,789
Total revenues 1,816,238 1,215,815
Operating costs and expenses:    
Production expenses 137,280 93,065
Production and ad valorem taxes 158,365 83,976
Transportation, gathering, processing, and compression 74,849 50,256
Exploration expenses 13,017 4,645
Crude oil and natural gas service operations 8,561 4,490
Depreciation, depletion, amortization and accretion 459,029 509,608
Property impairments 24,248 11,436
General and administrative expenses 74,837 52,848
Net gain on sale of assets and other (165) (207)
Total operating costs and expenses 950,021 810,117
Income from operations 866,217 405,698
Other income (expense):    
Interest expense (72,555) (64,951)
Gain (loss) on extinguishment of debt 0 (196)
Other (1,227) 252
Total other income (expense) (73,782) (64,895)
Income before income taxes 792,435 340,803
Provision for income taxes (191,084) (80,528)
Net income (loss) 601,351 260,275
Net loss attributable to noncontrolling interests 3,594 633
Net income (loss) attributable to Continental Resources $ 597,757 $ 259,642
Basic net income (loss) per share (in dollars per share) $ 1.67 $ 0.72
Diluted net income (loss) per share (in dollars per share) $ 1.65 $ 0.72