Denbury Resources Announces Record Quarterly Earnings and Cash Flow Significant Increases in Estimated Proved Reserve.
Business Wire › August 03, 2000
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Denbury Resources Announces Record Quarterly Earnings and Cash Flow Significant Increases in Estimated Proved Reserve.
Business Editors
DALLAS--(BUSINESS WIRE)--Aug. 3, 2000 Denbury Resources Inc. (NYSE:DNR) (TSE:DNR) ("Denbury" or the "Company") today announced its highest quarterly earnings and cash flow in its ten year history. Second Quarter Results Denbury posted a quarterly profit of $13.6 million ($0.30 per share) for the second quarter of 2000, a 27 fold increase from second quarter 1999 net income of $492,000 ($0.01 per share). Cash flow from operations (excluding the changes in working capital items) for the current quarter was also a record quarterly high at $21.3 million ($0.47 per share), a 223% increase from second quarter 1999 cash flow of $6.6 million (...See the full content of this document
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