Denbury Resources (DNR) Tops Q2 EPS by 6c

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Go back to Denbury Resources (DNR) Tops Q2 EPS by 6c

Denbury Reports Second Quarter 2016 Results

August 4, 2016 6:31 AM EDT

PLANO, Texas, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced a net loss of $381 million, or $1.03 per diluted share, for the second quarter of 2016.  The Company also reported adjusted net income(1) (a non-GAAP measure) for the quarter of $29 million, or $0.08(1)(2) per diluted share.  Adjusted net income(1) for the second quarter of 2016 differs from the quarters GAAP net loss primarily due to the exclusion of (1) a $479 million ($299 million after tax) full cost pool ceiling test write-down, (2) a $150 million ($93 million after tax) loss due to noncash fair value adjustments... More