Denbury (DEN) Increases Share Buyback by $100M, Reports Q2
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Denbury Reports Second Quarter 2022 Financial and Operational Results
August 4, 2022 6:15 AM EDTBoard authorizes $100 million increase in share repurchase program to $350 million
PLANO, Texas--(BUSINESS WIRE)-- Denbury Inc. (NYSE: DEN) (Denbury or the Company) today provided its second quarter 2022 financial and operating results.
HIGHLIGHTS
Second quarter 2022 cash flows provided by operating activities totaled $150 million, and adjusted cash flows from operations(1), excluding working capital changes, totaled $145 million. Generated $55 million of free cash flow(1) during the second quarter and $106 million year-to-date. Repurchased $100 million of the Companys shares (3.2% of March 2022 shares outstanding) in June and... More