CLR - Continental Resources: Delivering Profits And Free Cash Flows In A Tough Market
Continental Resources (CLR) has recently reported a dip in earnings in its latest quarterly results and further weakness in prices will put additional pressure on the Oklahoma-based company’s income in the future. However, Continental Resources is a low-cost operator which will likely remain profitable and continue generating decent levels of cash flows.
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Earnings Recap
Continental Resources has recently reported its quarterly results in which its adjusted profits dropped by 19.7% from a year earlier to $219.14 million, or $0.59 per share, as the weakness in oil and gas prices