Denbury Resources (DNR) Tops Q4 EPS by 1c
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Denbury Reports 2016 Fourth Quarter and Annual Results
February 23, 2017 6:30 AM ESTPLANO, Texas, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (Denbury or the Company) today announced a net loss of $386 million, or $0.99 per diluted share, for the fourth quarter of 2016. Excluding special items, the Company reported an adjusted net loss(1) (a non-GAAP measure) for the quarter of $7 million, or $0.02(1)(2) per diluted share. Adjusted net loss(1) for the fourth quarter of 2016 differs from the quarters GAAP net loss primarily due to the exclusion of a $591 million ($379 million after tax) accelerated depreciation charge associated with the Riley Ridge gas processing facility and related... More
