Denbury Resources (DNR) Tops Q4 EPS by 5c
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Denbury Reports 2017 Fourth Quarter and Annual Results
February 22, 2018 6:30 AM ESTPLANO, Texas, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced net income of $127 million, or $0.31 per diluted share, on revenues of $321 million for fourth quarter 2017. Adjusted net income(1) (a non-GAAP measure) was $48 million, or $0.12(1)(2) per diluted share, with the difference from GAAP net income primarily due to the exclusion of $78 million ($48 million after tax) of expense from noncash fair value adjustments on commodity derivatives(1) (a non-GAAP measure) and a one-time deferred tax benefit of $132 million from the reduction of the federal income tax rate, with the GAAP... More
