Denbury Resources (DNR) Misses Q1 EPS by 1c

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Go back to Denbury Resources (DNR) Misses Q1 EPS by 1c

Denbury Reports First Quarter 2017 Results; Announces Reaffirmation of Borrowing Base and Amendment to Credit Facility

May 4, 2017 6:30 AM EDT

PLANO, Texas, May 04, 2017 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced net income of $22 million, or $0.05 per diluted share, for the first quarter of 2017.  Excluding special items, the Company reported an adjusted net loss(1) (a non-GAAP measure) for the quarter of $7 million, or $0.02(1)(2) per diluted share.  Adjusted net loss(1) for the first quarter of 2017 differs from the quarters GAAP net income primarily due to the exclusion of a $52 million ($32 million after tax) gain due to noncash fair value adjustments on commodity derivatives(1) (a non-GAAP measure), with the... More