Denbury Resources (DNR) Reports In-Line Q1 EPS
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Denbury Reports First Quarter 2015 Results
May 6, 2015 7:30 AM EDTPLANO, Texas, May 6, 2015 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced adjusted net income(1) (a non-GAAP measure) of $23 million for the first quarter of 2015, or $0.07(1)(2) per diluted share. On a GAAP basis, the Company recorded a net loss of $108 million, or $0.31 per diluted share, on quarterly revenues of $304 million. Adjusted net income(1) for the first quarter of 2015 differs from GAAP net income due to the exclusion of (1) a $146 million (pre-tax) write-down of oil and natural gas properties and (2) a $65 million (pre-tax) loss on noncash fair value adjustments on commodity... More
