Continental Resources (Continental Resources) Interest Expense : $-281 Mil (TTM As of Sep. 2022)

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What is Continental Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Continental Resources's interest expense for the three months ended in Sep. 2022 was $ -71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-281 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Continental Resources's Operating Income for the three months ended in Sep. 2022 was $ 1,422 Mil. Continental Resources's Interest Expense for the three months ended in Sep. 2022 was $ -71 Mil. Continental Resources's Interest Coverage for the quarter that ended in Sep. 2022 was 20.11. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Continental Resources Interest Expense Historical Data

The historical data trend for Continental Resources's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Continental Resources Interest Expense Chart

Continental Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-294.50

-293.03

-269.38

-258.24

-251.60

Continental Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-59.89	-65.80	-72.56	-72.24	-70.72

Continental Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-281 Mil.

Continental Resources (NYSE:CLR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Continental Resources's Interest Expense for the three months ended in Sep. 2022 was $-71 Mil. Its Operating Income for the three months ended in Sep. 2022 was $1,422 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $5,684 Mil.

Continental Resources's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	1422.291	/	-70.717
	=	20.11

The higher the ratio, the stronger the company's financial strength is.

Continental Resources (Continental Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Continental Resources Inc (NYSE:CLR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

20 North Broadway, Oklahoma City, OK, USA, 73102

Website

https://www.clr.com

Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.

Executives

Timothy Garth Taylor	director	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Robert Hagens	officer: SVP, Land	P.O. BOX 268836, 20 N. BROADWAY, OKLAHOMA CITY OK 73126
James R Webb	officer: SVP, GC & Secretary	20 N. BROADWAY, OKLAHOMA CITY OK 73102
Robert D. Lawler	officer: President & COO	6100 N WESTERN AVE, OKLAHOMA CITY OK 73118
Mcnabb John T Ii	director	17 EASTWOOD ROAD, ASHEVILLE NC 28803
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Mark E Monroe	director	7130 S LEWIS 10TH FL, TULSA OK 74136
John D Hart	director, officer: CFO, EVP of Strategic Planning	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
William B Berry	director, officer: Chief Executive Officer	C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Jeff B Hume	officer: Vice Chairman of SGI	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Jack H Stark	director, officer: Sr. V.P. Exploration	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Harold Hamm	director, 10 percent owner, officer: CEO & Chairman	20 N. BROADWAY, SUITE 1410, OKLAHOMA CITY OK 73102
Harold Thomas Hamm	director, 10 percent owner, other: Member of 10% owner group (5)	P.O. BOX 1295, OKLAHOMA CITY OK 73701
Shelly Lambertz	director, 10 percent owner	PO BOX 268836, OKLAHOMA CITY OK 73126
Jane Hamm 2005 Irrevocable Trust	10 percent owner, other: Member of 10% owner group(2)	P.O. BOX 1295, OKLAHOMA CITY OK 73101-1295