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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 1,711,932 $ 2,082,331 $ 5,523,563 $ 5,663,672
Gain (loss) on derivative instruments, net 270,001 (335,111) 161,536 270,795
Crude oil and natural gas service operations 24,207 30,119 68,532 73,716
Total revenues 2,006,140 1,777,339 5,753,631 6,008,183
Operating costs and expenses:        
Production expenses 193,838 175,804 565,212 532,197
Production and ad valorem taxes 131,753 162,535 428,252 440,364
Transportation, gathering, processing, and compression 89,206 86,873 288,603 245,267
Exploration expenses 3,900 2,835 10,990 10,747
Crude oil and natural gas service operations 20,318 22,364 69,673 61,343
Depreciation, depletion, amortization and accretion 613,940 576,995 1,873,282 1,603,618
Property impairments 12,532 11,027 34,718 46,469
General and administrative expenses 64,630 112,368 211,554 230,752
Net (gain) loss on sale of assets and other 3,439 51,389 37,971 51,041
Total operating costs and expenses 1,133,556 1,202,190 3,520,255 3,221,798
Income from operations 872,584 575,149 2,233,376 2,786,385
Other income (expense):        
Interest expense (63,677) (100,885) (215,313) (306,014)
Loss on extinguishment of debt 0 0 (1,600) 0
Other 49,449 3,902 (331,632) 8,561
Total other income (expense) (14,228) (96,983) (548,545) (297,453)
Income before income taxes 858,356 478,166 1,684,831 2,488,932
Provision for income taxes (138,470) (105,994) (401,059) (539,139)
Income before equity in net loss of affiliate 719,886 372,172 1,283,772 1,949,793
Equity in net loss of affiliate (769) (883) (2,981) (2,041)
Net income 719,117 371,289 1,280,791 1,947,752
Net income attributable to noncontrolling interests 60 501 333 1,854
Net income attributable to Continental Resources $ 719,057 $ 370,788 $ 1,280,458 $ 1,945,898