Denbury Inc. - Ordinary Shares - New

NYSE:DEN   3:59:59 PM EDT
+2.17 (+3.01%)
Other Pre-Announcement

Denbury Reports First Quarter 2022 Results

Published: 05/05/2022 11:31 GMT
Denbury Inc. - Ordinary Shares - New (DEN) - Denbury Reports First Quarter 2022 Results.
Authorizes Share Repurchase Program.
Qtrly Loss per Share $0.02.
Authorized a $250 Million Share Repurchase Program.
Total Revenues and Other Income in Q1 of 2022 Were $412 Million, a 64% Increase Over Q1 2021 Levels.
Denbury- Sees 2022 Oil & Gas Capital Expenditures, Lease Operating Expense, G&a in Upper Half to Upper End of Their Respective Annual Ranges for Year.
Full-year 2022 Production Guidance Range is Unchanged.
For Q2, Company Anticipates Sales Volumes to Be Slightly Lower Than Q1 of 2022.
Loe per Boe is Anticipated to Increase in Q2 Primarily As a Result of Higher Commodity Prices and Increased Seasonal Workover Operations.
Q1 Earnings per Share View $1.53, Revenue View $341.0 Million -- Refinitiv Ibes Data (analyst estimates).