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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 1,789,621 $ 2,829,173 $ 3,581,341 $ 5,103,434
Gain (loss) on derivative instruments, net 223,127 (195,744) 605,906 (671,682)
Crude oil and natural gas service operations 24,243 17,045 43,597 34,960
Total revenues 2,036,991 2,650,474 4,230,844 4,466,712
Operating costs and expenses:        
Production expenses 174,408 153,238 356,394 290,518
Production and ad valorem taxes 141,653 204,246 277,828 362,611
Transportation, gathering, processing, and compression 80,525 76,352 158,394 151,201
Exploration expenses 4,533 4,634 7,911 17,651
Crude oil and natural gas service operations 21,148 10,444 38,980 19,005
Depreciation, depletion, amortization and accretion 550,169 446,633 1,026,623 905,662
Property impairments 22,368 15,826 35,442 40,074
General and administrative expenses 55,113 62,574 118,384 137,411
Net (gain) loss on sale of assets and other (161) 10 (347) (155)
Total operating costs and expenses 1,049,756 973,957 2,019,609 1,923,978
Income from operations 987,235 1,676,517 2,211,235 2,542,734
Other income (expense):        
Interest expense (105,448) (72,236) (205,129) (144,791)
Gain (loss) on extinguishment of debt   (403) 0 (403)
Other 2,905 1,240 4,659 13
Total other income (expense) (102,543) (71,399) (200,470) (145,181)
Income before income taxes 884,692 1,605,118 2,010,765 2,397,553
Provision for income taxes (193,388) (389,271) (433,144) (580,355)
Income before equity in net loss of affiliate 691,304 1,215,847 1,577,621 1,817,198
Equity in net loss of affiliate (495) (76) (1,158) (76)
Net income 690,809 1,215,771 1,576,463 1,817,122
Net income (loss) attributable to noncontrolling interests (4) 7,024 1,353 10,618
Net income attributable to Continental Resources $ 690,813 $ 1,208,747 $ 1,575,110 $ 1,806,504
Basic net income (loss) per share (in dollars per share) $ 2.31 $ 3.38 $ 5.26 $ 5.05
Diluted net income (loss) per share (in dollars per share) $ 2.31 $ 3.35 $ 5.26 $ 4.99