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Last $4.34 USD
Change Today +0.18 / 4.33%
Volume 13.5M
DNR On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

denbury resources inc (DNR) Key Developments

Denbury Resources Inc. Reports Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Year 2015

Denbury Resources Inc. reported unaudited earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, net loss was $1.15 billion, or $3.28 per basic and diluted share, compared to a net loss of $55.2 million, or $0.16 per basic and diluted share in second quarter of 2014. On an adjusted basis, net income was $47 million or $0.13 per share, down from $93 million or $0.26 per share in the prior year period. Total revenues were $376.7 million, down from $672.1 million reported for the same period last year. Cash flows from operations were $289 million compared to $330 million a year ago. Adjusted cash flows from operations were $252 million compared to $314 million a year ago. Loss before income taxes was $1,784.67 million compared to $88.06 million a year ago. Capital expenditures, total were $127.65 million compared to $277.10 million a year ago. For the six months, net loss was $1.26 billion, or $3.59 per basic and diluted share, compared to a net income of $3.10 million, or $0.01 per basic and diluted share in second quarter of 2014. Total revenues and other income was $648.34 million compared to $1,313.86 million a year ago. Loss before income taxes was $1,956.87 million compared to income before income taxes of $5.04 million a year ago. Adjusted net income was $70.34 million compared to $181.67 million a year ago. Cash flows from operations were $426.72 million compared to $544.71 million a year ago. Adjusted cash flows from operations were $447.06 million compared to $602.82 million a year ago. Capital expenditures, total were $239.01 million compared to $497.72 million a year ago. For the quarter, total production was 73,716 barrels of oil equivalent per day compared to 75,320 barrels of oil equivalent per day a year ago. For the six months, total production was 74,034 barrels of oil equivalent per day compared to 74,523 barrels of oil equivalent per day a year ago. The company provided production guidance for the year 2015. The company's estimated 2015 total production is unchanged from previously disclosed estimates of 72,500 barrels of oil equivalent per day to 75,500 barrels of oil equivalent per day. For the remainder of 2015, the company anticipates effective tax rate will be around the statutory rate of 38% with current taxes being relatively minor.

Denbury Resources Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on September 29, 2015

On July 28, 2015, Denbury Resources Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, payable on September 29, 2015, to shareholders of record as of the close of business on August 25, 2015.

Denbury Resources Inc. to Report Q2, 2015 Results on Aug 05, 2015

Denbury Resources Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 05, 2015

Denbury Resources Inc., Q2 2015 Earnings Call, Aug 05, 2015

Denbury Resources Inc., Q2 2015 Earnings Call, Aug 05, 2015

Denbury Resources To Sell Stake In Grieve Project

Denbury Resources Inc. (NYSE:DNR) and Elk Petroleum, Inc. have agreed to attempt good faith negotiations for the sale of all of Denbury's interest in the Grieve project. The negotiation period shall extend until 1 November 2015, or until viable and productive negotiations cease.

 

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