Continental Resources Delivers Outstanding 1Q21 Financial Results; Reinstates Dividend And Accelerates Shareholder Returns
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• Quarterly Dividend Doubled to $0.11 per Share
o Payable on May 24, 2021 to Stockholders of Record on May 10, 2021
• $260 Million Net Income & $0.72 Earnings per Share in 1Q21
• $3.1 Billion Projected Full-Year 2021 Cash Flow from Operations & $1.7 Billion
Projected Full-Year 2021 Free Cash Flow (Non-GAAP) at $60 WTI & $2.75 HH
• Accelerating Projected Debt Reduction to Below $4.0 Billion by Year-End 2021
• Projecting Approximately 12% Return on Capital Employed
1 (ROCE) in 2021
Continental Resources, Inc. (NYSE: CLR) (the "Company") today announced its first quarter 2021 operating and financial results.
"Continental's outstanding first quarter results and accelerated shareholder returns, which includes our reinstated dividend and exceptional progress on debt reduction, underscore Continental's commitment to delivering strong cash flow generation, consistent asset performance and operational excellence," said Bill Berry, Chief Executive Officer.