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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 2,829,173 $ 1,282,914 $ 5,103,434 $ 2,530,447
Loss on derivative instruments, net (195,744) (62,178) (671,682) (105,685)
Crude oil and natural gas service operations 17,045 14,389 34,960 26,178
Total revenues 2,650,474 1,235,125 4,466,712 2,450,940
Operating costs and expenses:        
Production expenses 153,238 96,504 290,518 189,569
Production and ad valorem taxes 204,246 94,293 362,611 178,269
Transportation, gathering, processing, and compression 76,352 52,445 151,201 102,701
Exploration expenses 4,634 2,291 17,651 6,936
Crude oil and natural gas service operations 10,444 5,663 19,005 10,153
Depreciation, depletion, amortization and accretion 446,633 471,858 905,662 981,466
Property impairments 15,826 11,610 40,074 23,046
General and administrative expenses 62,574 55,553 137,411 108,401
Net (gain) loss on sale of assets and other 10 (260) (155) (467)
Total operating costs and expenses 973,957 789,957 1,923,978 1,600,074
Income from operations 1,676,517 445,168 2,542,734 850,866
Other income (expense):        
Interest expense (72,236) (60,951) (144,791) (125,902)
Gain (loss) on extinguishment of debt (403) (94) (403) (290)
Other 1,240 298 13 550
Total other income (expense) (71,399) (60,747) (145,181) (125,642)
Income before income taxes 1,605,118 384,421 2,397,553 725,224
Provision for income taxes (389,271) (94,947) (580,355) (175,475)
Income before equity in net loss of affiliate 1,215,847 289,474 1,817,198 549,749
Equity in net loss of affiliate (76) 0 (76) 0
Net income 1,215,771 289,474 1,817,122 549,749
Net income attributable to noncontrolling interests 7,024 149 10,618 782
Net income attributable to Continental Resources $ 1,208,747 $ 289,325 $ 1,806,504 $ 548,967
Basic net income (loss) per share (in dollars per share) $ 3.38 $ 0.80 $ 5.05 $ 1.52
Diluted net income (loss) per share (in dollars per share) $ 3.35 $ 0.79 $ 4.99 $ 1.51