Newspaper article THE JOURNAL RECORD

Continental Reports $353.7 Million Loss for Year

Newspaper article THE JOURNAL RECORD

Continental Reports $353.7 Million Loss for Year

Article excerpt

OKLAHOMA CITY - Continental Resources on Wednesday reported mixed results for the fourth quarter and for 2015. The driller beat Wall Street analyst's expectations for revenue by $6.17 million, but missed expectations for earnings per share by 2 cents.

The driller's net loss for 2015 was $353.7 million, or 96 cents per diluted share, compared with net income of $977.3 million, or $2.64 per diluted share, for 2014.

Revenue for 2015 totaled $2.68 billion, down 44 percent from $4.8 billion a year earlier.

The net loss for the fourth quarter totaled $139.7 million, or 38 cents per diluted share, compared with net income of $114 million, or 31 cents per diluted share, for the fourth quarter of 2014.

Revenue for the fourth quarter totaled $575.48 million down 56 percent from $1.3 billion a year earlier. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.