Continental Resources Delivers Outstanding 2Q21 Results Driving Robust Cash Flow & Exceptional Shareholder Value prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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 reduct
Continental Resources Delivers Outstanding 1Q21 Financial Results; Reinstates Dividend And Accelerates Shareholder Returns prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
FY20: $1.4 B Cash Flow from Operations & $275 MM Free Cash Flow (Non-GAAP)
⢠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
⢠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 â¢Â 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