Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Components of Inventories

The components of inventory as of September 30, 2022 and December 31, 2021 consisted of the following:

In thousands	September 30, 2022		December 31, 2021
Tubular goods and equipment	$	36,795	$	12,506
Crude oil and natural gas	125,580		93,062
Total	$	162,375	$	105,568

Calculation of Basic and Diluted Weighted Average Shares and Net Income Per Share

The following table presents the calculation of basic and diluted weighted average shares outstanding and net income per share attributable to the Company for the three and nine months ended September 30, 2022 and 2021.

	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share data	2022		2021		2022		2021
Net income attributable to Continental Resources (numerator) (1)	$	1,013,107	$	369,328	$	2,819,611	$	918,295
Weighted average shares (denominator):
Weighted average shares - basic	357,617		360,563		357,786		360,899
Non-vested restricted stock	3,904		3,685		4,239		3,580
Weighted average shares - diluted	361,521		364,248		362,025		364,479
Net income per share attributable to Continental Resources: (1)
Basic	$	2.83	$	1.02	$	7.88	$	2.54
Diluted	$	2.80	$	1.01	$	7.79	$	2.52

(1)    Results for the 2022 periods include $95 million of pre-tax income recognized in the third quarter of 2022 in conjunction with the resolution of a legal matter, which resulted in an after-tax increase in net income of $72 million ($0.20 per basic and diluted share) for the 2022 periods.