Denbury Inc , an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions.
infoDenbury is a mid cap stock with a total market cap of 4.45B.
infoThey trade on the NYSE and had their IPO 2 years and 11 months ago.
infoDenbury currently employs 793 people.
infoAs of Wednesday, Aug 23 2023, Denbury’s share price is $88.49.
News Relating to Denbury
Zacks Investment Research
Here’s What Key Metrics Tell Us About Denbury (DEN) Q2 Earnings
Friday Aug 04 2023 at 00:01
The headline numbers for Denbury (DEN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Denbury (DEN) Q2 Earnings and Revenues Miss Estimates
Thursday Aug 03 2023 at 21:01
Denbury (DEN) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.69 per share a year ago.
Forbes
Exxon’s Acquisition Of Denbury: A Tale Of Two Businesses, And Neither One Is Worth $4.9 Billion
Friday Jul 21 2023 at 17:04
Exxon made waves in the energy M&A markets by announcing its acquisition of Denbury, Inc. last week. In total, the headline value was around $4.9 billion.
24/7 Wall Street
ExxonMobil (XOM) Signs Deal to Acquire Denbury for $4.9B
Friday Jul 14 2023 at 18:42
A financial advisor can help you understand the advantages and disadvantages of investment properties.
Business Insider
Why Exxon Mobil is spending $4.9 billion on a company that pumps carbon dioxide back into the earth
Friday Jul 14 2023 at 17:24
Exxon Mobil this week announced plans to acquire oil producer Denbury. Denbury also has a business of capturing carbon-dioxide emissions.
GuruFocus
Exxon Accelerates Carbon Capture Plans With Denbury Acquisition
Friday Jul 14 2023 at 14:42
On Thursday, U.S.-based oil giant Exxon Mobile Corp. ( XOM , Financial) announced it has agreed to buy carbon capture leader Denbury Inc. ( DEN , Financial) for $4.9 billion, which would make it the company’s largest acquisition in six years.
Forbes
Exxon Makes ‘Green’ Move With $5 Billion Purchase Of Denbury
Friday Jul 14 2023 at 06:22
The key driver of the acquisition is Denbury’s 1,300 miles of CO2 pipeline, which will allow Exxon to bolster their carbon capture and storage business
Investopedia
Exxon Acquires Denbury for $4.9 billion
Thursday Jul 13 2023 at 17:05
The acquisition of the carbon capture business gives Exxon’s energy transition plans a boost.
Forbes
ExxonMobil Buyout Of Denbury Cements Its Status Atop The CCS World
Thursday Jul 13 2023 at 15:08
Rumors about a potential ExxonMobil takeover of Denbury had circulated last fall, so Thursday’s announcement of the deal came as no real surprise.
Yahoo Finance
ExxonMobil reportedly in talks to buy Denbury Inc.
Thursday Jul 13 2023 at 12:08
Yahoo Finance Markets Reporter Ines Ferre reports on ExxonMobile in talks to buy Denbury.
Invezz
Exxon is buying Denbury for $4.9 billion: CEO Woods explains why
Thursday Jul 13 2023 at 11:39
Shares of Denbury Inc (NYSE: DEN) inched down today after Exxon Mobil Corp (NYSE: XOM) said it will buy the carbon-capture company for $4.9 billion. What’s in it for Exxon Mobil?
Proactive Investors
ExxonMobil acquires pipeline operator Denbury for $4.9B
Thursday Jul 13 2023 at 11:36
ExxonMobil has inked its largest acquisition in six years with an agreement to buy Denbury, a Texas-based company, for $4.9 billion. Denbury is the owner of a 1,300-mile pipeline system dedicated to transporting carbon dioxide (CO2), making it crucial infrastructure for capturing carbon emissions from heavily-polluting facilities such as refineries and chemical plants.
Bloomberg Markets and Finance
Why Exxon Mobil Is Buying Denbury for $4.9 Billion
Thursday Jul 13 2023 at 11:09
Exxon Mobil President of Low Carbon Solutions Dan Ammann discusses the oil giant’s $4.9 billion acquisition of Denbury, its biggest deal in six years. Speaking with Alix Steel and Guy Johnson, Ammann also says he sees an opportunity in lithium.
CNBC Television
Exxon Mobil CEO Darren Woods on $4.9 billion Denbury deal: It allows us to further reduce emissions
Thursday Jul 13 2023 at 10:08
Exxon Mobil chairman and CEO Darren Woods joins CNBC’s Becky Quick from Sun Valley, Idaho to discuss the $4.9 billion acquisition of Denbury, how the Inflation Reduction Act played a role in the deal, and more.
Market Watch
Exxon Mobil to buy Denbury for a premium of less than 2%, in an all-stock deal valued at $4.9 billion
Thursday Jul 13 2023 at 08:11
Shares of Denbury Inc. DEN, -0.03% rallied 1.1% in premarket trading Thursday, after the Exxon Mobil Corp. XOM, +0.49% announced an agreement to buy the Texas-based energy company in an all-stock deal valued at $4.9 billion. Exxon’s stock fell 0.1% ahead of the open.
Business Wire
Denbury Plans to Release Second Quarter 2023 Results on August 3rd
Monday Jul 10 2023 at 07:30
PLANO, Texas–(BUSINESS WIRE)– #blueoil–Denbury Plans to Release Second Quarter 2023 Results on August 3rd.
Reuters
Denbury, Lapis Energy partner on carbon capture project
Tuesday Jun 27 2023 at 08:48
Energy firm Denbury Inc said on Tuesday it has formed a joint venture with Lapis Energy to develop a carbon capture project in Louisiana, amid growing push to reduce planet-warming emissions.
Seeking Alpha
Denbury: About To Start Production From CCA EOR Project
Friday May 19 2023 at 11:57
Denbury has been making longer-term investments into its CCA EOR Project and its CCUS business. Denbury allocated over $400 million towards the CCA EOR project over the last few years, and initial production is expected soon.
Seeking Alpha
Denbury, Inc. (DEN) Q1 2023 Earnings Call Transcript
Friday May 05 2023 at 01:48
Denbury, Inc. (NYSE:DEN ) Q1 2023 Earnings Conference Call May 4, 2023 12:00 PM ET Company Participants Brad Whitmarsh – Executive Director, Investor Relation Christian Kendall – President, CEO & Director David Sheppard – EVP & COO Matthew Dahan – SVP, Business Development & Technology Nikulas Wood – SVP, CCUS Conference Call Participants Scott Gruber – Citigroup Nathaniel Pendleton – Stifel, Nicolaus & Company Timothy Rezvan – KeyBanc Capital Markets George Burwell – Jefferies Charles Meade – Johnson Rice & Company Brian Velie – Capital One Securities Operator Good day, ladies and gentlemen, and welcome to Denbury’s First Quarter 2023 Results Webcast. My name is Layla, and I will be your operator for today’s call.
Zacks Investment Research
Denbury (DEN) Misses Q1 Earnings and Revenue Estimates
Wednesday May 03 2023 at 21:15
Denbury (DEN) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.69 per share a year ago.
24/7 Wall Street
These Are the Top 10 Holdings of Robert Lynch
Wednesday Apr 12 2023 at 22:51
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Seeking Alpha
Denbury Increases CCUS Capex To Approximately $150 Million In 2023
Monday Feb 27 2023 at 03:56
Denbury is increasing its CCUS business capex to around $150 million in 2023. It may only generate $46 million in positive cash flow in 2023 at current strip due to its CCUS investments.
Seeking Alpha
Denbury Inc. (DEN) Q4 2022 Earnings Call Transcript
Thursday Feb 23 2023 at 16:12
Denbury Inc. (NYSE:DEN ) Q4 2022 Earnings Conference Call February 23, 2023 12:00 PM ET Company Participants Brad Whitmarsh – Head of Investor Relations Chris Kendall – President & Chief Executive Officer Mark Allen – Executive Vice President & Chief Financial Officer David Sheppard – Chief Operating Officer Nik Wood – Senior Vice President-Carbon Solutions Matt Dahan – Senior Vice President-Business Development & Technology Conference Call Participants Leo Mariani – ROTH MKM Charles Meade – Johnson Rice Sam Margolin – Wolfe Research Nathaniel Pendelton – Stifel Sam Burwell – Jefferies Jeoffrey Lambujon – Tudor, Pickering, Holt & Co. Tim Rezvan – KeyBanc Operator Good day, ladies and gentlemen, and welcome to Denbury’s 2022 Results and 2023 Outlook Webcast. My name is Tia and I will be your operator for today’s call.
Zacks Investment Research
Denbury (DEN) Lags Q4 Earnings and Revenue Estimates
Thursday Feb 23 2023 at 09:47
Denbury (DEN) delivered earnings and revenue surprises of -8.07% and 2.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Business Wire
Denbury to Report Fourth Quarter 2022 Results and Provide 2023 Outlook on February 23rd
Thursday Jan 19 2023 at 16:30
PLANO, Texas–( BUSINESS WIRE )–Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced it will release its financial and operational results for the fourth quarter of fiscal year 2022, before market open on Thursday, February 23, 2023. In addition, Denbury will provide its initial outlook for 2023, including projections for oil & gas production and costs, as well as capital expectations for both its oil & gas and CCUS operations. Denbury will host a webcast to review these matters on the same day as noted below.
CNBC Television
Denbury CEO on the Inflation Reduction Act and carbon capture tax credits
Thursday Jan 12 2023 at 19:31
Cramer spoke with Denbury CEO Chris Kendall on Thursday.
Seeking Alpha
Buy Denbury As The EOR Market Is Growing
Wednesday Nov 16 2022 at 19:02
In Q3 2022, Denbury Inc. reported adjusted net income and adjusted EBITDAX of $102 million and $161 million, respectively. The company’s financial results were significantly stronger than in Q3 2022; however, not as strong as in Q2 2022.
Zacks Investment Research
EQT vs. DEN: Which Stock Is the Better Value Option?
Tuesday Nov 15 2022 at 12:48
EQT vs. DEN: Which Stock Is the Better Value Option?
Seeking Alpha
Denbury Inc. (DEN) Q3 2022 Earnings Call Transcript
Thursday Nov 03 2022 at 17:09
Denbury Inc. (NYSE:DEN ) Q3 2022 Earnings Conference Call November 3, 2022 12:00 PM ET Company Participants Brad Whitmarsh – Head of Investor Relations Chris Kendall – President & Chief Executive Officer Mark Allen – Executive Vice President & Chief Financial Officer David Sheppard – Chief Operating Officer Nik Wood – Senior Vice President-Carbon Solutions Matt Dahan – Senior Vice President-Business Development & Technology Conference Call Participants Tim Rezvan – KeyBanc Capital Markets Nate Pendleton – Stifel Charles Meade – Johnson Rice Brian Velie – Capital One Sam Burwell – Jefferies Clay DeMarcus – Bank of America Jacob Roberts – TPH Operator Good day ladies and gentlemen and welcome to Denbury’s Third Quarter 2022 Results Conference Call. My name is Glenn and I will be your moderator for today’s call.
Zacks Investment Research
Denbury (DEN) Q3 Earnings and Revenues Beat Estimates
Thursday Nov 03 2022 at 09:02
Denbury (DEN) delivered earnings and revenue surprises of 9.83% and 9.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Denbury Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Denbury’s Altman Z-score is 4.71 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Denbury Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Denbury.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
Denbury’s Income Quality of 1.06 is lower than its Industry Group of 1.36 (-22.1% lower)
Denbury’s Income Quality of 1.06 is lower than its Major Industry Group of 1.36 (-22.1% lower)
Denbury’s Income Quality of 1.06 is lower than its Sector of 1.22 (-13.1% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Denbury’s Current Ratio of 0.71 is lower than its Industry Group of 0.98 (-27.6% lower)
Denbury’s Current Ratio of 0.71 is lower than its Major Industry Group of 1.21 (-41.3% lower)
Denbury’s Current Ratio of 0.71 is lower than its Sector of 1.63 (-56.4% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Denbury’s PE Ratio of 9.23 is greater than its Industry Group of 5.62 (64.2% greater)
Denbury’s PE Ratio of 9.23 is greater than its Major Industry Group of 6.49 (42.2% greater)
Denbury’s PE Ratio of 9.23 is greater than its Sector of 5.27 (75.1% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Denbury’s PB Ratio of 2.62 is greater than its Industry Group of 1.29 (103.1% greater)
Denbury’s PB Ratio of 2.62 is greater than its Major Industry Group of 1.36 (92.6% greater)
Denbury’s PB Ratio of 2.62 is greater than its Sector of 1.45 (80.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Denbury’s ROE of 0.28 is greater than its Industry Group of 0.25 (12.0% greater)
Denbury’s ROE of 0.28 is greater than its Major Industry Group of 0.2 (40.0% greater)
Denbury’s ROE of 0.28 is greater than its Sector of 0.12 (133.3% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Denbury’s ROCE of 0.21 is in line with its Industry Group of 0.2 (5.0% greater)
Denbury’s ROCE of 0.21 is greater than its Major Industry Group of 0.16 (31.2% greater)
Denbury’s ROCE of 0.21 is greater than its Sector of 0.08 (162.5% greater)
Derived from SEC.GOV filing dataopen_in_new