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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 219,664 $ 26,397
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,228,233 1,196,262
Joint interest and other 302,009 350,907
Allowance for credit losses (3,731) (3,172)
Receivables, net 1,526,511 1,543,997
Derivative assets 216,385 353,261
Inventories 218,383 190,762
Prepaid expenses and other 36,554 33,450
Total current assets 2,217,497 2,147,867
Net property and equipment, based on successful efforts method of accounting 19,822,519 19,786,889
Investment in unconsolidated affiliates 247,804 240,484
Operating lease right-of-use assets 34,560 38,656
Derivative assets, noncurrent 142,545 155,252
Other noncurrent assets 21,120 18,293
Total assets 22,486,045 22,387,441
Current liabilities:    
Accounts payable trade 824,616 835,012
Revenues and royalties payable 730,385 768,381
Accrued liabilities and other 283,609 354,537
Current portion of incentive compensation liability 46,450 130,583
Current portion of income tax liabilities 190,061 84,556
Derivative liabilities 58,858 0
Current portion of operating lease liabilities 15,377 18,112
Current portion of long-term debt 895,437 895,105
Total current liabilities 3,044,793 3,086,286
Long-term debt, net of current portion 5,424,983 5,734,007
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,879,099 2,867,283
Incentive compensation liability, noncurrent 17,032 41,707
Asset retirement obligations, noncurrent 404,945 391,957
Derivative liabilities, noncurrent 534 586
Operating lease liabilities, noncurrent 18,101 19,482
Other noncurrent liabilities 51,840 36,346
Total other noncurrent liabilities 3,371,551 3,357,361
Commitments and contingencies (Note 8)
Equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 1,000,000,000 shares authorized 299,610,267 shares issued and outstanding at March 31, 2024 and December 31, 2023 2,996 2,996
Retained earnings 10,277,821 9,850,687
Total shareholders’ equity attributable to Continental Resources 10,280,817 9,853,683
Noncontrolling interests 363,901 356,104
Total equity 10,644,718 10,209,787
Total liabilities and equity $ 22,486,045 $ 22,387,441