Denbury Resources (DNR) Tops Q4 EPS by 4c

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Go back to Denbury Resources (DNR) Tops Q4 EPS by 4c

Denbury Reports 2014 Fourth Quarter and Annual Results and Year-End 2014 Proved Reserves

February 19, 2015 8:46 AM EST

PLANO, Texas, Feb. 19, 2015 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") today announced adjusted net income(1) (a non-GAAP measure) of $93 million for the fourth quarter of 2014, or $0.27 per diluted share. On a GAAP basis, the Company recorded quarterly net income of $364 million, or $1.04 per diluted share, on quarterly revenues of $480 million. Adjusted net income(1) for the fourth quarter of 2014 differs from GAAP net income primarily due to the exclusion of a $451 million (pre-tax) gain on noncash fair value adjustments on commodity derivatives (a non-GAAP measure)(1).

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