Denbury Resources Q3 Profit Climbs - Quick Facts

(RTTNews) - Denbury Resources Inc. (DNR), an independent oil and natural gas company, Tuesday posted a higher third-quarter profit, with increase in total revenues and other income. On an adjusted basis, earnings per share surpassed the Street estimates.

For the three-month period, the company reported net income of $102 million or $0.28 per share, compared with $85 million or $0.22 per share last year. Adjusted net income per share was $0.45 for the quarter.

On average, twenty three polled by Thomson Reuters expected the company to report earnings per share of $0.43for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues and other income were $684.8 million, up from prior year's $600.3 million. Analysts expected the company to generate revenues of $666.42 million for the quarter.

Denbury's full year capital expenditure budget is unchanged from the previously disclosed amount of $1.06 billion, plus about $160 million of estimated capitalized costs.