Revenue and net profit margin in focus
Continental Resources’ (CLR) 2Q16 revenue fell by ~40% YoY (year-over-year). Its YoY revenue growth was -25% in 2Q15 and -27% in 1Q16.
Notably, these companies make up 4.2% of the iShares US Oil & Gas Exploration & Production ETF (IEO).
Continental Resources also saw a fall in its net profit margin. In 2Q16, it was -24%, whereas it had been 0.05% in 2Q15 and -44% in 1Q16.
Now let’s take a closer look at a few key operational highlights.