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Title : CLR Reports 2Q18 Earnings And Production -- August 7, 2018
link : CLR Reports 2Q18 Earnings And Production -- August 7, 2018

CLR Reports 2Q18 Earnings And Production -- August 7, 2018

Press release here.

From the press release (transcribed; some rounding):

• net income: $243 million; $0.65 per diluted share
• adjusted net income: $273 million; $0.73 per diluted share
• free cash flow, annual target maintained: $800 - $900 million
• production guidance for 2018 raised to 300,000 boepd, or 24% y/y growth
• exit rate guidance increased to 325,000 boepd, up 10,000 boepd fro prior guidance 
• capital expenditures guidance increased from $2.3 billion to $2.7 billion
• mentions the $220 million Franco-Nevada deal reported yesterday
• average daily production 2Q18 up 26% y/y to 284,000 boepd
• production expenses for 2Q18 improved 13% y/y to $3.49 per boe
• record results and type curve uplifted to 1.2 million boe per well
• initial production, for 35 wells: 2,282 boepd day average 24-hour IP flow rate
• first company Bakken well to achieve 30-day rate over 3,000 boepd

CLR, after hours: flat at $62.21. CLR fell about 1% during the day preceding the press release.

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