Thursday, Continental Resources Inc. (CLR) said its third-quarter net income dipped to $34.9 million or $0.21 per share from $105.3 million or $0.62 per share in the prior year period. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter.
Total revenues for the quarter declined to $170.20 million from $293.60 million in the comparable period. Eleven analysts estimated revenues of $171.14 million for the quarter.
In a separate press release, the company said it has promoted Jeffrey Hume to President and Chief Operating Officer of the company. He has served as COO since October 2008. Prior to his promotion to COO, Hume served as Senior Vice President of Operations. The company noted that Hamm will continue to exercise an active operating management role as Chairman and Chief Executive Officer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.