Denbury Resources (DNR) Tops Q2 EPS by 2c

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Go back to Denbury Resources (DNR) Tops Q2 EPS by 2c

Denbury Reports Second Quarter 2018 Results

August 7, 2018 6:30 AM EDT

PLANO, Texas, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced net income of $30 million, or $0.07 per diluted share, for the second quarter of 2018.  Adjusted net income(1) (a non-GAAP measure) was $61 million, or $0.13(1)(2) per diluted share, with the difference from GAAP net income primarily due to the exclusion of $41 million ($31 million after tax) of expense from noncash fair value adjustments on commodity derivatives(1) (a non-GAAP measure), with the GAAP and non-GAAP measures reconciled in tables beginning on page 7.

2018 SECOND QUARTER HIGHLIGHTS

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