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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 2,082,331 $ 2,767,262 $ 5,663,672 $ 7,870,696
Gain (loss) on derivative instruments, net (335,111) (337,778) 270,795 (1,009,460)
Crude oil and natural gas service operations 30,119 17,747 73,716 52,707
Total revenues 1,777,339 2,447,231 6,008,183 6,913,943
Operating costs and expenses:        
Production expenses 175,804 166,322 532,197 456,840
Production and ad valorem taxes 162,535 200,593 440,364 563,204
Transportation, gathering, processing, and compression 86,873 85,650 245,267 236,851
Exploration expenses 2,835 2,809 10,747 20,460
Crude oil and natural gas service operations 22,364 10,356 61,343 29,361
Depreciation, depletion, amortization and accretion 576,995 490,523 1,603,618 1,396,185
Property impairments 11,027 12,794 46,469 52,868
General and administrative expenses 112,368 68,687 230,752 206,098
Net (gain) loss on sale of assets and other 51,389 (618) 51,041 (773)
Total operating costs and expenses 1,202,190 1,037,116 3,221,798 2,961,094
Income from operations 575,149 1,410,115 2,786,385 3,952,849
Other income (expense):        
Interest expense (100,885) (70,717) (306,014) (215,508)
Loss on extinguishment of debt 0 0 0 (403)
Other 3,902 4,490 8,561 4,503
Total other income (expense) (96,983) (66,227) (297,453) (211,408)
Income before income taxes 478,166 1,343,888 2,488,932 3,741,441
Provision for income taxes (105,994) (323,390) (539,139) (903,745)
Income before equity in net loss of affiliate 372,172 1,020,498 1,949,793 2,837,696
Equity in net loss of affiliate (883) (660) (2,041) (736)
Net income 371,289 1,019,838 1,947,752 2,836,960
Net income attributable to noncontrolling interests 501 6,731 1,854 17,349
Net income attributable to Continental Resources $ 370,788 $ 1,013,107 $ 1,945,898 $ 2,819,611
Basic net income (loss) per share (in dollars per share) $ 1.24 $ 2.83 $ 6.49 $ 7.88
Diluted net income (loss) per share (in dollars per share) $ 1.24 $ 2.8 $ 6.49 $ 7.79