Continental Resources, Inc. today announced fourth quarter and full-year 2013 operating and financial results. Net income for the quarter ended December 31, 2013 was $132.8 million , or $0.72 per diluted share, compared with net income of $220.5 million , or $1.19 per diluted share, for the fourth quarter of 2012. Excluding items typically excluded from published analyst estimates, adjusted net income for the fourth quarter of 2013 was $228.1 million , or $1.23 per diluted share, a 19% increase over adjusted net income of $191.8 million , or $1.04 per diluted share, for the fourth quarter of 2012.
Net income for full-year 2013 was $764.2 million , or $4.13 per diluted share, compared with net income of $739.4 million , or $4.07 per diluted share, for full-year 2012. Excluding items typically excluded from published analyst estimates, adjusted net income for full-year 2013 was $986.1 million, or $5.33 per diluted share, a 61% increase over adjusted net income of $611.9 million, or $3.36 per diluted share, for full-year 2012.
EBITDAX for the fourth quarter of 2013 was $712 million , a 20% increase over EBITDAX of $595 million for the fourth quarter of 2012. Full-year 2013 EBITDAX was a record $2.84 billion, a 45% increase over EBITDAX of $1.96 billion for full-year 2012.I like the report; Wall Street did not.
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