Denbury Resources: 2Q Earnings Snapshot
PLANO, Texas (AP) _ Denbury Resources Inc. (DNR) on Wednesday reported second-quarter earnings of $146.7 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The independent oil and gas company posted revenue of $343.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $332.2 million.
The company’s shares closed at 95 cents. A year ago, they were trading at $4.47.