Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2017quarterly activities report● Neutral
Continental reported third quarter 2017 net income of $10.6 million, or $0.03 per diluted share. Production was 242,788 Boe per day, and it raised its 2017 exit rate guidance to 280,000 to 290,000 Boe per day.
Continental filed its 10-Q for the quarter ended September 30, 2017, with 375,208,904 shares outstanding on October 31, 2017. The visible text does not give the quarter's results; the related earnings release put net income at about $10.6 million.
Continental reported a second-quarter 2017 net loss of $63.6 million, or $0.17 per share. Production averaged 226,213 Boe per day, and the company raised its 2017 production guidance to 230,000-240,000 Boe per day.
Continental filed its second-quarter 2017 10-Q for the quarter ended June 30, 2017. The quarter produced a net loss of $63.6 million, or $0.17 per share.
Continental reported first-quarter 2017 net income of $0.47 million, or $0.00 per share. Production averaged 213,755 Boe per day, up about 4,000 Boe per day from the fourth quarter of 2016.
Continental filed its first-quarter 2017 10-Q, covering the quarter ended March 31, 2017. The quarter produced net income of about $0.47 million, with production of 213,755 Boe per day.
Continental issued its proxy statement for the May 18, 2017 annual meeting, asking shareholders to elect two Class II directors, ratify Grant Thornton and vote on executive pay and its frequency. A shareholder board diversity proposal was also listed, which the board opposed.
Continental reported net income of $27.7 million for Q4 2016 and a net loss of $399.7 million for full-year 2016. Production averaged about 210,000 Boe per day in the quarter, and year-end proved reserves rose 4% to 1.27 billion Boe.