Denbury Resources (DNR) Tops Q1 EPS by 4c
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May 5, 2016 6:30 AM EDT
PLANO, Texas, May 05, 2016 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced an adjusted net loss(1) (a non-GAAP measure) of $9 million for the first quarter of 2016, or $0.03(1)(2) per diluted share. On a GAAP basis, the Company recorded a net loss of $185 million, or $0.53 per diluted share. Adjusted net loss(1) for the first quarter of 2016 differs from the GAAP measure of net loss primarily due to the exclusion of (1) a $256 million ($160 million after tax) write-down of oil and natural gas properties, (2) a $95 million ($59 million after tax) gain on debt extinguishment, and... More
May 4, 2016 12:35 AM EDT
PLANO, Texas, May 04, 2016 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced that it has entered into privately negotiated exchange agreements with holders of approximately $839.4 million in aggregate principal amount of its outstanding senior subordinated notes (the Old Notes) to exchange that principal amount of Old Notes for approximately $482.9 million in aggregate principal amount of the Companys new 9% Senior Secured Second Lien Notes due 2021 (the New Notes) and approximately 33.6 million shares of the Companys common stock (the Shares). Pursuant to the exchange agreements, the Company will exchange the New... More
