ADVFN - Advanced Financial Network.
HOME» NYSE » D » DNR Stock Price » DNR Stock News

Denbury Share News

 Denbury Resources (de) Stock Price
DNR Stock Price
 Denbury Resources (de) Stock Chart
DNR Stock Chart
 Denbury Resources (de) Stock News
DNR Stock News
 Denbury Resources (de) Company Information
DNR Company Information
 Denbury Resources (de) Stock Trades
DNR Stock Trades

Denbury Swings To 1Q Profit As Revenue Jumps On Higher Prices

DOW JONES NEWSWIRES Denbury Resources Inc. (DNR) swung to a first-quarter profit as the oil-and-gas company reported surging revenue prices and benefited from a derivatives gain. Last month, Denbury reached a deal to sell some of its recently acquired properties for $900 million to privately-held Quantum Resources Management as Denbury needs money to pay off its $1.6 billion bank credit facility. The company, in March, completed a $4.5-billion deal to buy Encore Acquisition Co. (ECV). Denbury reported a profit of $100.2 million, or 32 cents a share, compared with a prior-year loss of $18.3 million, or 7 cents a share, a year earlier. Excluding derivatives impacts and other items, earnings fell to 6 cents from 19 cents though revenue more than doubled to $438.8 million. Analysts polled by Thomson Reuters expected earnings of 7 cents and $278 million in sales. Oil production jumped 18% while gas production slid 44%. Oil and gas prices, excluding hedging, jumped 95% and 32%, respectively. Shares closed at $18.01 Wednesday and were inactive premarket. The stock has risen 22% this year. -By Jodi Xu and John Kell, Dow Jones Newswires; 212-416-3037; [email protected]

Stock News for Denbury (DNR)
DateTimeHeadline
03/21/201716:30:00Denbury Announces Management Transition Plan
03/10/201718:13:00S&P Dow Jones Indices Announces Changes to U.S. Indices and Updates...
03/09/201710:47:03Amended Statement of Ownership (sc 13g/a)
02/23/201709:04:35Current Report Filing (8-k)
02/23/201706:30:00Denbury Reports 2016 Fourth Quarter and Annual Results
02/14/201718:02:07Statement of Ownership (sc 13g)
02/14/201709:03:35Current Report Filing (8-k)
02/14/201706:30:00Denbury Announces 2017 Capital Budget and Estimated Production;...
02/13/201716:40:46Amended Statement of Ownership (sc 13g/a)
02/10/201716:33:00Amended Statement of Ownership (sc 13g/a)
02/09/201716:08:11Statement of Ownership (sc 13g)
02/09/201712:42:18Amended Statement of Ownership (sc 13g/a)
02/06/201706:30:00Denbury Announces Release Date for Fourth Quarter and Full-Year...
02/03/201707:47:56Amended Statement of Ownership (sc 13g/a)
02/02/201716:37:06Statement of Changes in Beneficial Ownership (4)
01/11/201716:28:55Statement of Changes in Beneficial Ownership (4)
01/11/201716:27:09Statement of Changes in Beneficial Ownership (4)
01/11/201716:24:26Statement of Changes in Beneficial Ownership (4)
01/09/201714:06:55Amended Statement of Ownership (sc 13g/a)
01/05/201716:27:23Statement of Changes in Beneficial Ownership (4)

Denbury Res and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US