v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 569,218 $ 39,064
Accounts receivable, net 1,491,157 1,553,919
Derivative assets 185,443 95,227
Inventories 216,329 184,251
Prepaid expenses and other 44,521 32,648
Total current assets 2,506,668 1,905,109
Net property and equipment, based on successful efforts method of accounting 20,432,711 20,037,922
Investment in unconsolidated affiliates 254,829 258,359
Operating lease right-of-use assets 34,661 20,933
Derivative assets, noncurrent 43,847 62,426
Other noncurrent assets 17,830 20,832
Total assets 23,290,546 22,305,581
Current liabilities:    
Accounts payable trade 945,046 845,160
Revenues and royalties payable 669,905 682,461
Accrued liabilities and other 332,888 413,036
Current portion of incentive compensation liability 53,554 74,494
Current portion of income tax liabilities 18,815 21,659
Derivative liabilities 391 0
Current portion of operating lease liabilities 10,215 4,046
Current portion of long-term debt 0 2,587
Total current liabilities 2,030,814 2,043,443
Long-term debt, net of current portion 4,769,137 4,798,860
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,668,825 2,704,069
Incentive compensation liability, noncurrent 10,797 36,468
Asset retirement obligations, noncurrent 449,600 432,495
Derivative liabilities, noncurrent 41,222 143
Operating lease liabilities, noncurrent 23,458 15,823
Other noncurrent liabilities 32,847 48,783
Total other noncurrent liabilities 3,226,749 3,237,781
Commitments and contingencies (Note 8)
Equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 400,000 shares authorized (187,256 shares issued) of Class A voting common stock and 400,000,000 shares authorized (299,423,011 shares issued) of Class B non-voting common stock 2,996 2,996
Retained earnings 12,905,722 11,862,515
Total shareholders’ equity attributable to Continental Resources 12,908,718 11,865,511
Noncontrolling interests 355,128 359,986
Total equity 13,263,846 12,225,497
Total liabilities and equity $ 23,290,546 $ 22,305,581