Denbury Resources (DNR) Reports In-Line Q4 EPS
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Denbury Reports 2018 Fourth Quarter and Full-Year Results, Year-End 2018 Proved Reserves, 2019 Capital Budget and Estimated Production
February 27, 2019 6:30 AM ESTPLANO, Texas, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced its fourth quarter and full-year 2018 financial and operating results, along with its 2019 capital budget and currently estimated 2019 production.
2018 FOURTH QUARTER AND FULL-YEAR HIGHLIGHTS
Financial
Delivered net income of $174 million for 4Q 2018 and $323 million for 2018 Adjusted net income(1) (a non-GAAP measure) of $46 million for 4Q 2018 and $220 million for 2018 Adjusted EBITDAX(1) (a non-GAAP measure) of $141 million for 4Q 2018 and $584 million for 2018 Generated $81 million of free cash flow(1) (a non-GAAP measure) in... More