Denbury Resources Inc. (DNR) Reports In-Line Q3 EPS

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Go back to Denbury Resources Inc. (DNR) Reports In-Line Q3 EPS

Denbury Reports Third Quarter 2014 Results

November 5, 2014 7:30 AM EST

PLANO, Texas, Nov. 5, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") today announced adjusted net income (a non-GAAP measure) of $91 million for the third quarter of 2014, or $0.26(1) per diluted share. On a GAAP basis, the Company recorded net income of $269 million, or $0.77 per diluted share, for the quarter. Adjusted net income(1) for the third quarter of 2014 differs from GAAP net income due to the exclusion of both (1) a gain of $277 million (pre-tax) for noncash fair value adjustments on commodity derivatives (a non-GAAP measure)(1) and (2) a $9.9 million net reduction (pre-tax) in... More