v3.26.1
Unaudited Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Crude oil, natural gas, and natural gas liquids sales $ 1,847,583 $ 1,890,207
Loss on derivative instruments, net (1,108,124) (316,002)
Crude oil and natural gas service operations 38,588 36,248
Total revenues 778,047 1,610,453
Operating costs and expenses:    
Production expenses 210,839 199,379
Production and ad valorem taxes 129,035 135,349
Transportation, gathering, processing, and compression 82,488 78,873
Exploration expenses 7,728 2,732
Crude oil and natural gas service operations 35,481 23,880
Depreciation, depletion, amortization and accretion 679,236 613,560
Property impairments 14,144 17,022
General and administrative expenses 118,793 67,012
Net (gain) loss on sale of assets and other (1,752) 3,129
Total operating costs and expenses 1,275,992 1,140,936
Income (loss) from operations (497,945) 469,517
Other income (expense):    
Interest expense (54,279) (55,143)
Other 13,389 3,617
Total other income (expense) (40,890) (51,526)
Income (loss) before income taxes (538,835) 417,991
Benefit (provision) for income taxes 123,432 (86,380)
Income (loss) before equity in net loss of affiliate (415,403) 331,611
Equity in net loss of affiliate (24,025) (12,887)
Net income (loss) (439,428) 318,724
Net income attributable to noncontrolling interests 1,799 2,718
Net income (loss) attributable to Continental Resources $ (441,227) $ 316,006