Denbury Resources (DNR) Tops Q3 EPS by 3c
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Denbury Reports Third Quarter 2017 Results; Announces Reaffirmation of $1.05 Billion Borrowing Base
November 7, 2017 6:30 AM ESTPLANO, Texas, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced net income of $0.4 million, or $0.00 per diluted share, for the third quarter of 2017. Excluding special items, the Company reported adjusted net income(1) (a non-GAAP measure) for the quarter of $14 million, or $0.04(1)(2) per diluted share. Adjusted net income(1) for the third quarter of 2017 differs from the quarters GAAP net income due to the exclusion of $25 million ($16 million after tax) of expense from noncash fair value adjustments on commodity derivatives(1) (a non-GAAP measure) and $7 million in severance-related payments... More
