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Continental Resources Announces Full-Year 2020 And 4Q20 Results 2021 Capital Budget And Guidance


FY20: $1.4 B Cash Flow from Operations & $275 MM Free Cash Flow (Non-GAAP)
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4Q20: $488 MM Cash Flow from Operations & $332 MM Free Cash Flow (FCF) o $168 MM in Non-Acquisition Capex o 176.6 MBopd & 976 MMcfpd Average Daily Production o $2.80 Production Expense per Boe
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FY20: Fifth Consecutive Year of Generating Positive FCF o $1.16 B in Non-Acquisition Capex ($1.2 B Guidance) o 160.5 MBopd & 837.5 MMcfpd Avg. Daily Production (155-165 MBopd & 800-820 MMcfpd Guidance) o $3.27 Production Expense per Boe ($3.50-$3.75 Guidance)
FY21: Projecting Sixth Consecutive Year of Generating Positive FCF
• In Excess of 40% of Cash Flow from Operations Projected toward Shareholder Capital Returns through Debt Reduction and Future Dividends1 o Targeting Approx. $4.5 B Total Debt by YE21; $4.0 B by YE22 ....

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