CLR’s 4Q16 revenue and net profit margin
Continental Resources’ (CLR) 4Q16 revenue fell ~4.5% YoY (year-over-year). In comparison, its revenue growth was -56.0% in 4Q15 and -23.0% in 3Q16.
Upstream peers Anadarko Petroleum (APC), Whiting Petroleum (WLL), and Newfield Exploration (NFX) saw their revenues rise 16.3%, 1.4%, and 14.6%, respectively, YoY in 3Q16. These companies make up 8.0% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
To find out how APC performed in 4Q16, read Reviewing Anadarko’s 4Q16 Stock Performance and More.
Continental Resources also saw its net profit margin narrow. It was -5.0% in 4Q16, -24.0% in 4Q15, and -21.0% in 3Q16.