Denbury Reports First Quarter 2019 Results
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Denbury Resources (DNR) Tops Q1 EPS by 1c, Revenues Miss
May 7, 2019 6:40 AM EDTDenbury Resources (NYSE: DNR) reported Q1 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $305.45 million versus the consensus estimate of $315.84 million.
Production of 59,218 barrels of oil equivalent (BOE) per day (BOE/d), essentially flat with both 4Q 2018 and 1Q 2018 continuing production Strong production response from Bell Creek Phase Five CO2 flood expansion; Bell Creek production up 5% from 4Q 2018 and up 15% from 1Q 2018 Generated operating cash flow of $119 million before giving effect to $55 million of cash outflows for working capital changes, resulting in GAAP cash flow... More