Unaudited Condensed Consolidated Statements of Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenues: | ||||
| Crude oil, natural gas, and natural gas liquids sales | $ 1,626,374 | $ 1,901,788 | $ 3,516,581 | $ 3,811,631 |
| Gain (loss) on derivative instruments, net | 451,254 | 4,729 | 135,252 | (108,465) |
| Crude oil and natural gas service operations | 33,750 | 20,430 | 69,998 | 44,325 |
| Total revenues | 2,111,378 | 1,926,947 | 3,721,831 | 3,747,491 |
| Operating costs and expenses: | ||||
| Production expenses | 201,445 | 182,677 | 400,824 | 371,374 |
| Production and ad valorem taxes | 119,422 | 149,372 | 254,771 | 296,499 |
| Transportation, gathering, processing, and compression | 75,845 | 91,451 | 154,718 | 199,397 |
| Exploration expenses | 3,897 | 2,980 | 6,629 | 7,090 |
| Crude oil and natural gas service operations | 24,889 | 22,715 | 48,769 | 49,355 |
| Depreciation, depletion, amortization and accretion | 632,568 | 626,579 | 1,246,128 | 1,259,342 |
| Property impairments | 15,826 | 10,124 | 32,848 | 22,186 |
| General and administrative expenses | 56,515 | 64,642 | 123,527 | 146,924 |
| Net loss on sale of assets and other | 3,143 | 34,819 | 6,272 | 34,532 |
| Total operating costs and expenses | 1,133,550 | 1,185,359 | 2,274,486 | 2,386,699 |
| Income from operations | 977,828 | 741,588 | 1,447,345 | 1,360,792 |
| Other income (expense): | ||||
| Interest expense | (54,240) | (71,825) | (109,383) | (151,636) |
| Loss on extinguishment of debt | (57) | (1,600) | (57) | (1,600) |
| Other | 7,519 | (384,235) | 11,136 | (381,081) |
| Total other income (expense) | (46,778) | (457,660) | (98,304) | (534,317) |
| Income before income taxes | 931,050 | 283,928 | 1,349,041 | 826,475 |
| Provision for income taxes | (195,191) | (148,535) | (281,571) | (262,589) |
| Income before equity in net loss of affiliate | 735,859 | 135,393 | 1,067,470 | 563,886 |
| Equity in net loss of affiliate | (1,528) | (1,305) | (14,415) | (2,212) |
| Net income | 734,331 | 134,088 | 1,053,055 | 561,674 |
| Net income (loss) attributable to noncontrolling interests | 7,132 | (191) | 9,850 | 273 |
| Net income attributable to Continental Resources | $ 727,199 | $ 134,279 | $ 1,043,205 | $ 561,401 |
| X | ||||||||||
- Definition Income loss from continuing operations before equity in net loss of affiliate. No definition available.
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| X | ||||||||||
- Definition Costs incurred in providing oil and gas-related services during the reporting period, including cost of sales associated with reclaimed oil, saltwater disposal, and warehouse activities, plus other oil and gas services-related costs of sales not otherwise specified in the taxonomy. No definition available.
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| X | ||||||||||
- Definition Revenue from oil and gas-related services during the reporting period, consisting of reclaimed oil revenues, saltwater disposal revenues, warehouse sales, and other oil and gas services-related revenues not otherwise specified in the taxonomy. No definition available.
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| X | ||||||||||
- Definition Amount of production expense related to property used in oil and gas production. No definition available.
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of impairment loss for oil and gas properties with proved and unproved reserves in oil- and gas-producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of transportation cost charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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