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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 2,767,262 $ 1,456,181 $ 7,870,696 $ 3,986,628
Loss on derivative instruments, net (337,778) (127,110) (1,009,460) (232,795)
Crude oil and natural gas service operations 17,747 12,341 52,707 38,519
Total revenues 2,447,231 1,341,412 6,913,943 3,792,352
Operating costs and expenses:        
Production expenses 166,322 103,222 456,840 292,791
Production and ad valorem taxes 200,593 102,398 563,204 280,667
Transportation, gathering, processing, and compression 85,650 53,969 236,851 156,670
Exploration expenses 2,809 2,534 20,460 9,470
Crude oil and natural gas service operations 10,356 4,884 29,361 15,037
Depreciation, depletion, amortization and accretion 490,523 465,357 1,396,185 1,446,823
Property impairments 12,794 7,945 52,868 30,991
General and administrative expenses 68,687 58,421 206,098 166,822
Net (gain) loss on sale of assets and other (618) (3,029) (773) (3,496)
Total operating costs and expenses 1,037,116 795,701 2,961,094 2,395,775
Income from operations 1,410,115 545,711 3,952,849 1,396,577
Other income (expense):        
Interest expense (70,717) (59,894) (215,508) (185,796)
Gain (loss) on extinguishment of debt 0 0 (403) (290)
Other 4,490 345 4,503 895
Total other income (expense) (66,227) (59,549) (211,408) (185,191)
Income before income taxes 1,343,888 486,162 3,741,441 1,211,386
Provision for income taxes (323,390) (115,641) (903,745) (291,116)
Income before equity in net loss of affiliate 1,020,498 370,521 2,837,696 920,270
Equity in net loss of affiliate (660) 0 (736) 0
Net income 1,019,838 370,521 2,836,960 920,270
Net income attributable to noncontrolling interests 6,731 1,193 17,349 1,975
Net income attributable to Continental Resources $ 1,013,107 $ 369,328 $ 2,819,611 $ 918,295
Basic net income (loss) per share (in dollars per share) $ 2.83 $ 1.02 $ 7.88 $ 2.54
Diluted net income (loss) per share (in dollars per share) $ 2.80 $ 1.01 $ 7.79 $ 2.52