Denbury Resources Q1 Adj. EPS Declines, Yet Meets View - Quick Facts

(RTTNews) - Oil producer Denbury Resources Inc. (DNR) Wednesday posted first-quarter net loss of $108 million or $0.31 per share, compared to net income of $58 million or $0.17 per share a year earlier.

Excluding certain items, earnings per-share declined to $0.07 from $0.25 per share in the comparable quarter last year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.07 per share. Analysts' estimates typically exclude one-time items.

Revenues declined to $307.65 million, from $641.74 million a year earlier, while 14 analysts had a consensus revenue estimate of $440.48 million.