Company report

Continental Resources corporate - reported results analysis

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Report summary

Free cash flow and a dash to liquids characterised Continental's Q1 results. Excess cash flow allocated to debt repayment helped pull gearing down to 53% (from 55%); it is the company's lowest leverage ratio since Q2 2014. A sanguine free cash flow outlook at strip prices puts its near-term total debt target of US$6 billion firmly in its cross-hairs. Finch upgraded its credit rating to investment grade – following S&P's lead in February – underscoring the company's capital discipline and strong outlook. Quarterly volumes were flat, impacted by the loss of 5,000 boe/d due to weather. But full-year production guidance is unchanged.

What's included

This report contains

  • Document

    Continental Resources corporate - reported results analysis

    PDF 428.10 KB

Table of contents

  • Other Continental research
    • Key takeaways
    • Overview
    • Key takeaways
    • Key takeaways
    • Key takeaways
    • Key takeaways
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • M&A
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Operational performance
    • Financial performance
    • M&A
    • Investment / Guidance:
    • Operational update
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview - 2013 Year-end operational update
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance

Tables and charts

This report includes 3 images and tables including:

Images

  • Continental: evolution of quarterly net income
  • Continental: evolution of quarterly production

Tables

  • Q4 2016: Table 1

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