Continental Resources Posts Q1 Loss - Quick Facts

(RTTNews) - Continental Resources, Inc. (CLR) reported a first quarter net loss of $131.97 million or $0.36 per share, compared to profit of $226.23 million or $0.61 per share, prior year. Adjusted net loss for the first quarter of 2015 was $33.8 million, or $0.09 per share.

On average, 28 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $625.64 million, compared to $972.50 million, a year ago. Analysts expected revenue of $615.81 million for the quarter. First quarter 2015 net production totaled 18.6 million barrels of oil equivalent (Boe), or 206,829 Boe per day, 36% higher than first quarter 2014.

Continental's 2015 guidance remains unchanged as disclosed on February 24, 2015. The company said, due to its strong operating performance and the industry's commodity price volatility, it may review 2015 guidance with the announcement of its second quarter results in early August 2015.