Incentive Compensation |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Share-Based Payment Arrangement [Abstract] | |
| Incentive Compensation | Note 9. Incentive Compensation The Company has granted incentive compensation awards to employees pursuant to the Continental Resources, Inc. 2022 Long-Term Incentive Plan. Such awards generally vest annually, in one-third increments, over three years of employee service. The Company intends to settle all outstanding incentive awards vesting in the future in cash and, thus, the awards are classified as liability awards pursuant to ASC Topic 718, Compensation—Stock Compensation. At March 31, 2026, the Company had recorded a current liability of $24.3 million and a non-current liability of $7.2 million in the captions “Accrued liabilities and other” and “Other noncurrent liabilities,” respectively, in the condensed consolidated balance sheets associated with the awards. Such amounts reflect the Company’s estimate of expected future cash payments multiplied by the percentage of requisite service periods that employees have completed as of March 31, 2026. The compensation expense associated with such awards, which is included in the caption “General and administrative expenses” in the condensed consolidated statements of income (loss), was $23.3 million and $23.4 million for the three months ended March 31, 2026 and 2025, respectively. As of March 31, 2026, there was approximately $105.1 million of unrecognized liabilities and compensation expense related to unvested awards, which are expected to be recognized over a weighted average period of 1.7 years. The Company’s incentive compensation liability will be remeasured each reporting period leading up to the applicable award vesting dates to reflect additional service rendered by employees and to reflect changes in expected cash payments arising from underlying changes in the value of the Company based on independent third party appraisals. Changes in the liability will be recorded as increases or decreases to compensation expense. The Company has estimated the number of forfeitures expected to occur in determining the amount of liability and expense to recognize. |