Denbury Resources (DNR) Tops Q3 EPS by 1c

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Denbury Resources Reports Third Quarter 2019 Results

November 7, 2019 6:30 AM EST

PLANO, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced net income of $73 million, or $0.14 per diluted share, for the third quarter of 2019.  Adjusted net income(1) (a non-GAAP measure) was $41 million, or $0.08(1)(2) per diluted share, with the difference from GAAP net income primarily due to a $35 million gain from noncash fair value adjustments ($26 million after tax) on the Companys commodity derivative positions (see reconciliation of GAAP and non-GAAP measures in tables beginning on page 9 of this press release).

THIRD QUARTER AND RECENT... More