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Denbury Resources: 2Q Earnings Snapshot

August 7, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNR at https://www.zacks.com/ap/DNR

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