Denbury Resources: 3Q Earnings Snapshot
PLANO, Texas (AP) _ Denbury Resources Inc. (DNR) on Thursday reported third-quarter earnings of $78.4 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring gains, came to 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 11 cents per share.
The independent oil and gas company posted revenue of $395 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $357.2 million.
The company’s shares closed at $3.22. A year ago, they were trading at $1.66.