Denbury Resources Inc. is an American oil and gas exploration and production company, based in Plano, Texas.
The company is publicly listed on the New York Stock Exchange (NYSE), under the stock ticker symbol ‘DNR’.
It is the most prominent oil and natural gas producer in Mississippi and Montana. It also has the largest reserves of carbon dioxide (CO2) used for tertiary oil recovery east of the Mississippi River, in addition to operations in the Gulf Coast and Rocky Mountain areas.
Denbury Resources has approximately 468.3 Million Barrels of Oil Equivalent (MMBOE) of estimated proved oil and natural gas reserves (83% of which is oil), as of December 31, 2013.
The company was originally founded in Canada in 1951. It became a public company in 1992, traded on the New York Stock Exchange in 1997, and completely moved its headquarters to the United States in 1999.
Denbury’s goal is “to increase the value of acquired properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to tertiary recovery operations.”
Overview
- President and CEO: Phil Rykhoek
- CFO: Mark C. Allen
- Type: Public
- Industry: Oil/Gas
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: DNR
- S&P 500 Component
- Revenue: $2.517 billion USD (2013)
- Net income: $409 million USD (2013)
- Diluted earnings per share: $1.11 USD (2013)
- Founded: 1951
- Employees: 1,501 (2013)
- Corporate headquarters: 5320 Legacy Drive, Plano, TX, USA
- Corporate contact number: (972) 673-2000
- Investor relations contact number: (972) 673- 2825
- Investor relations email address: [email protected]
- Website: http://www.denbury.com/
| Operating data (in $ thousands) | 2013 | 2012 |
| Oil, natural gas, and related product sales | $2,466,234 | $2,409,867 |
| CO2 sales and transportation fees | $27,950 | $26,453 |
| Interest income and other income | $22,943 | $20,152 |
| Total revenues and other income | $2,517,127 | $2,456,472 |
| Total expenses | $1,874,747 | $1,599,615 |
| Income before income taxes | $642,380 | $856,857 |
| Income tax provision | $232,783 | $331,497 |
| Net Income | $409,597 | $525,360 |
| Comprehensive income | $409,669 | $525,430 |
| Balance sheet data (in $ thousands) | ||
| Total assets | $11,788,737 | $11,139,342 |
| Long-term debt | $3,260,625 | $3,104,462 |
| Total stockholders’ equity | $5,301,406 | $5,114,889 |
| Cash flow data (in $ thousands) | ||
| Net cash provided by operating activities | $1,361,195 | $1,410,891 |
| Net cash used in investing activities | $(1,275,309) | $(1,376,841) |
| Net cash provided by (used for) financing activities | $(172,210) | $45,768 |
| Cash and cash equivalents at end of period | $12,187 | $98,511 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $1.12 | $1.36 |
| Diluted earnings (loss) per common share | $1.11 | $1.35 |
Source: “Denbury Resources Inc. 2013 FORM 10-K Annual Report”