Denbury Reports First Quarter 2016 Results
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Denbury Resources (DNR) Tops Q1 EPS by 4c
May 5, 2016 10:02 AM EDTDenbury Resources (NYSE: DNR) reported Q1 EPS of ($0.03), $0.04 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $194.8 million versus the consensus estimate of $274.69 million.
MANAGEMENT COMMENT
Phil Rykhoek, Denburys President and CEO, commented, I am very pleased with our first quarter results as we maintained our focus on our core objectives for 2016, which include lowering costs, preserving cash and liquidity, and reducing leverage. Although the oil commodities market has improved slightly, we are continuing to operate under the assumption that prices could stay low for an extended period of... More
