PLANO, Texas, May 6, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced adjusted net income (a non-GAAP measure)(1) of $89 million for the first quarter of 2014, or $0.25 per diluted share. First quarter of 2014 net income (the GAAP measure) was $58 million, or $0.17 per diluted share. Adjusted net income for the first quarter of 2014 differs from GAAP net income by $31 [...]
Completes Offering of $1.25 Billion of 5 1/2% Senior Subordinated Notes due 2022 Announces Redemption of Remaining 8 1/4% Senior Subordinated Notes Due 2020 PLANO, Texas, April 30, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") announced today that it exercised its early purchase option and has accepted for purchase the 8 1/4% Senior Subordinated Notes due 2020 of the Company [...]
PLANO, Texas, April 29, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable June 24, 2014, to shareholders of record as of the close of business on May 27, 2014. Based on its current financial projections and commodity [...]
PLANO, Texas, April 16, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that it has priced its public offering of senior subordinated notes due May 2022 and increased the size of the offering from $1.1 billion to $1.25 billion aggregate principal amount of notes. The notes will bear interest at a rate of 5.5% and are being sold at 100% of the principal amount [...]
PLANO, Texas, April 16, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") announced today that it has filed a registration statement with the Securities and Exchange Commission ("SEC") relating to the public offering of $1.1 billion of Senior Subordinated Notes due 2022. Denbury intends to use the net proceeds from the offering to fund all or substantially all of the costs of its [...]
PLANO, Texas, April 16, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that it has commenced a cash tender offer to purchase any and all of its outstanding $996,273,000 aggregate principal amount of 8¼% senior subordinated notes due 2020 (the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation [...]
PLANO, Texas, April 4, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") will host a conference call to review and discuss first quarter 2014 financial and operating results on Tuesday, May 6, 2014 at 10:00 A.M. (Central). Results will be released before the market opens on the day of the conference call and the full text of the news release will be available on the Company's website [...]
PLANO, Texas, Feb. 20, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced adjusted net income (a non-GAAP measure)(1) of $100 million for the fourth quarter of 2013, or $0.27 per diluted share. Fourth quarter of 2013 net income (the GAAP measure) was $90 million, or $0.25 per diluted share, on quarterly revenues of $596 million. Adjusted net income decreased by $37 [...]
Replaces 330% of Proved Reserves Increases Tertiary Proved Reserves by 15% on Initial Bookings for Bell Creek Field PLANO, Texas, Feb. 11, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") announced today that its total estimated proved oil and natural gas reserves at December 31, 2013 were 468 million barrels of oil equivalent ("MMBOE"), consisting of 387 million barrels of crude [...]
PLANO, Texas, Jan. 28, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable March 25, 2014, to shareholders of record as of the close of business on February 25, 2014. This will be the first cash dividend paid to [...]
PLANO, Texas, Jan. 3, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that its Board of Directors has approved an increase of $250 million to the Company's authorized share repurchase program, leaving $422 million of authorized repurchases remaining as of December 31, 2013. The increase raises the total amount authorized under the program since it commenced in [...]
PLANO, Texas, Nov. 10, 2013 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that senior management will review the following key developments at the Company's annual analyst day being held tomorrow: The intention to initiate regular quarterly dividends to common shareholders beginning in the first quarter of 2014 The appointment of John P. Dielwart to the Board of [...]