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Understanding Continental Resources’ Profit Margin and Revenue Trends

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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.

By comparison, Continental Resources’ upstream peers Hess (HES) and Whiting Petroleum (WLL) saw YoY revenue growths of about -37% and about -49%, respectively, in 2Q16.

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.

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