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Denbury Resources Inc (DNR.N)

DNR.N on New York Stock Exchange

2.62USD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Denbury Resources Says CEO's FY 2018 Total Compensation Was $5.7 Mln Vs $4.3 Mln In FY 2017
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Denbury Resources Inc ::DENBURY RESOURCES INC SAYS CEO CHRISTIAN KENDALL'S FY 2018 TOTAL COMPENSATION WAS $5.7 MILLION VERSUS $4.3 MILLION IN FY 2017 - SEC FILING.DENBURY RESOURCES INC SAYS RATIO OF ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES WAS APPROXIMATELY 44 TO 1.  Full Article

Denbury Resources Reports Q4 Adj Net Income Per Diluted Share Of $0.10
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Denbury Resources Inc ::DENBURY REPORTS 2018 FOURTH QUARTER AND FULL-YEAR RESULTS, YEAR-END 2018 PROVED RESERVES, 2019 CAPITAL BUDGET AND ESTIMATED PRODUCTION.QTRLY ADJUSTED NET INCOME PER DILUTED SHARE $0.10.QTRLY NET INCOME PER DILUTED SHARE $0.38.Q4 EARNINGS PER SHARE VIEW $0.10 -- REFINITIV IBES DATA.DENBURY RESOURCES - 2019 CAPITAL BUDGET, EXCLUDING ACQUISITIONS AND CAPITALIZED INTEREST, IS BETWEEN $240 MILLION AND $260 MILLION.ANTICIPATES 2019 PRODUCTION OF BETWEEN 56,000 AND 60,000 BOE/D.DENBURY RESOURCES - IN 2019, EXPECTS TO GENERATE FREE CASH FLOW OF $50 MILLION TO $100 MILLION ASSUMING A $50 PER BBL WTI OIL PRICE..QTRLY REVENUES $336 MILLION VERSUS $321 MILLION.Q4 EARNINGS PER SHARE VIEW $0.10, REVENUE VIEW $326.0 MILLION -- REFINITIV IBES DATA.Q4 REVENUE VIEW $326.0 MILLION -- REFINITIV IBES DATA.DENBURY RESOURCES - AVERAGE REALIZED OIL PRICE, EXCLUDING DERIVATIVE CONTRACTS, WAS $60.50 PER BBL IN Q4 , COMPARED TO $71.44 PER BBL IN PRIOR QUARTER.DENBURY RESOURCES - QTRLY TOTAL PRODUCTION 59,867 BOE/D VERSUS 61,144 BOE/D.INCLUDING DERIVATIVE SETTLEMENTS, AVERAGE REALIZED OIL PRICE $55.75 PER BBL IN Q4 , COMPARED TO $59.78 PER BBL IN PRIOR QUARTER.DENBURY RESOURCES - KEY FACTOR IN 2019 CAPITAL PLAN IS TIMING OF CO(2) PIPELINE EXTENSION TO CEDAR CREEK ANTICLINE.DENBURY RESOURCES - ADJUSTED 2019 CAPITAL PLAN TO NOW COMPLETE CO(2) PIPELINE CONSTRUCTION TO CEDAR CREEK ANTICLINE IN 2020.  Full Article

Denbury Q3 Earnings Per Share $0.17
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Denbury Resources Inc ::DENBURY REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.17.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.13.QTRLY TOTAL PRODUCTION 59,181 BOE/D VERSUS 61,994 BOE/D.QTRLY REVENUES AND COMMODITY DERIVATIVE SETTLEMENTS COMBINED $326 MILLION VERSUS $266 MILLION.DENBURY RESOURCES - AVERAGE REALIZED OIL PRICE DURING Q3 2018 WAS $1.84/BBL ABOVE NYMEX OIL PRICES, VERSUS $0.34/BBL BELOW NYMEX IN Q3 2017.DENBURY RESOURCES - 2018 CAPITAL BUDGET, EXCLUDING ACQUISITIONS & CAPITALIZED INTEREST, EXPECTED TO BE IN UPPER HALF OF $300 MILLION TO $325 MILLION.ESTIMATED 2018 PRODUCTION IS CURRENTLY EXPECTED TO BE BETWEEN 60,100 AND 60,600 BOE/D.  Full Article

Penn Virginia To Pay Denbury/ Denbury To Pay Penn Virginia $45 Mln, Upon Termination Of Deal
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Denbury Resources Inc ::PENN VIRGINIA SAYS UPON TERMINATION OF DEAL WITH DENBURY UNDER CERTAIN CIRCUMSTANCES, CO TO PAY DENBURY/ DENBURY TO PAY CO $45 MILLION - SEC FILING.  Full Article

Denbury To Acquire Penn Virginia In $1.7 Billion Transaction
Monday, 29 Oct 2018 

Oct 28 (Reuters) - Denbury Resources Inc ::DENBURY TO ACQUIRE PENN VIRGINIA IN $1.7 BILLION TRANSACTION.DENBURY - CONSIDERATION WILL CONSIST OF 12.4 SHARES OF DENBURY COMMON STOCK AND $25.86 OF CASH FOR EACH SHARE OF PENN VIRGINIA COMMON STOCK.DEAL IMMEDIATELY ACCRETIVE TO CASH FLOW PER SHARE AND OTHER KEY PER-SHARE METRICS.TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.INTENDS TO FINANCE TRANSACTION WITH A COMBINATION OF EQUITY, DEBT AND CASH ON HAND..HAS RECEIVED FINANCING COMMITMENT LETTER FROM JPMORGAN CHASE BANK, N.A. FOR NEW $1.2 BILLION SENIOR SECURED BANK CREDIT FACILITY.  Full Article

Denbury Announces Amendment And Extension Of Bank Credit Facility
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Denbury Resources Inc ::DENBURY ANNOUNCES AMENDMENT AND EXTENSION OF BANK CREDIT FACILITY.DENBURY RESOURCES - AMENDMENT EXTENDS MATURITY DATE OF CREDIT FACILITY BY TWO YEARS, TO DECEMBER 2021.DENBURY RESOURCES INC - UNDER AMENDMENT COMMITMENT BY BANKS HAS BEEN REDUCED TO $615 MILLION.  Full Article

Denbury Reports Q1 Adj. Earnings Per Share $0.12
Tuesday, 8 May 2018 

May 8 (Reuters) - Denbury Resources Inc ::DENBURY REPORTS FIRST QUARTER 2018 RESULTS; ANNOUNCES SUCCESSFUL ADDITIONAL MISSION CANYON WELLS.Q1 EARNINGS PER SHARE $0.09.Q1 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.12.PRODUCTION OF 60,338 BARRELS OF OIL EQUIVALENT PER DAY IN Q1 2018.ADJUSTED CASH FLOW FROM OPERATIONS OF $125 MILLION FOR Q1 2018.BANK CREDIT FACILITY BORROWING BASE REAFFIRMED AT $1.05 BILLION.DENBURY'S ESTIMATED 2018 PRODUCTION IS UNCHANGED FROM PREVIOUSLY DISCLOSED RANGE OF 60,000 TO 64,000 BOE/D.DENBURY - 2018 CAPITAL BUDGET, EXCLUDING ACQUISITIONS & CAPITALIZED INTEREST, REMAINS UNCHANGED FROM PREVIOUSLY ESTIMATED RANGE.  Full Article

Denbury Announces Entry Into Note Exchange Agreements
Thursday, 30 Nov 2017 

Denbury Resources Inc ::DENBURY ANNOUNCES ENTRY INTO NOTE EXCHANGE AGREEMENTS.DENBURY RESOURCES INC - NEW SECOND LIEN NOTES WILL MATURE ON MARCH 31, 2022 AND WILL BEAR INTEREST AT A RATE OF 9.25% PER ANNUM PAYABLE IN CASH.DENBURY RESOURCES INC - NEW CONVERTIBLE NOTES WILL MATURE ON MARCH 31, 2024 AND WILL BEAR INTEREST AT A RATE OF 3.50% PER ANNUM PAYABLE IN CASH.DENBURY RESOURCES - NEW NOTES CONSIST OF ABOUT $382 MILLION IN PRINCIPAL AMOUNT OF NEW 9¼% SENIOR SECURED SECOND LIEN NOTES DUE 2022.DENBURY RESOURCES - NEW NOTES ALSO CONSIST ABOUT $85 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NEW 3½% CONVERTIBLE SENIOR NOTES DUE 2024.DENBURY RESOURCES - EXCHANGE AGREEMENTS WITH HOLDERS OF ABOUT $610 MILLION OF ITS OUTSTANDING SENIOR SUBORDINATED NOTES DUE 2022 AND 2023.DENBURY RESOURCES INC - AGREEMENTS WITH HOLDERS TO EXCHANGE OLD NOTES FOR APPROXIMATELY $466 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF "NEW NOTES".DENBURY- ‍PURSUANT TO EXCHANGE AGREEMENTS, CO TO EXCHANGE NEW NOTES FOR ABOUT $364 MILLION OF ITS 2022 NOTES REDUCING OUTSTANDING 2022 NOTES TO $409 MILLION​.DENBURY- ‍PURSUANT TO EXCHANGE AGREEMENTS, CO TO EXCHANGE NEW NOTES FOR ABOUT $246 MILLION OF ITS 2023 NOTES REDUCING OUTSTANDING 2023 NOTES TO $377 MILLION​.  Full Article

Denbury reports Q3 production of 60,328 boed
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Denbury Resources Inc ::Denbury reports third quarter 2017 results; announces reaffirmation of $1.05 billion borrowing base.Q3 earnings per share $0.00.Q3 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Q3 adjusted non-gaap earnings per share $0.04 excluding items.Denbury Resources Inc - ‍expect production to further increase in q4​.Denbury Resources Inc qtrly ‍revenues $266 million versus $246 million​.Denbury Resources - production for current quarter was reduced by about 2,000 boe/d due to hurricane harvey​.Denbury Resources - ‍production averaged 60,328 barrels of oil equivalent per day during q3 of 2017, up 1 pct (554 boe/d) from q2 of 2017​.Denbury Resources - 2017 capital budget, excluding acquisitions and capitalized interest, remains unchanged from previously estimated amount.Denbury Resources - ‍prior to Hurricane Harvey, co was on track to meet midpoint of 60,000 boe/d to 62,000 boe/d fy production outlook.Denbury Resources - ‍expects 2017 production to fall within, but in lower half of previous guidance range​.  Full Article

Value of U.S. oil deals plunges 93 pct in 1st qtr as investors demand higher returns

HOUSTON, April 4 The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors pushed shale producers that have driven a recent merger boom to focus on lifting shareholder returns rather than production.