DEN - Denbury EPS beats by $0.12 beats on revenue

Denbury (NYSE:DEN): Q3 Non-GAAP EPS of $0.74 beats by $0.12; GAAP EPS of $1.51 beats by $0.78. Revenue of $343.74M (+77.6% Y/Y) beats by $70.33M. Press Release Denbury’s oil and natural gas sales volumes averaged 49,682 barrels of oil equivalent per day (“BOE/d”) during the third quarter of 2021. Guidance: Development capital expenditures for the fourth quarter of the year are expected between $75 million and $95 million, with the full year unchanged at a range of $250 million to $270 million. Planned fourth quarter capital expenditures include the completion of the Greencore CO2 Pipeline extension and CCA CO2 infield distribution system, as well as additional field development activities. For the fourth quarter of 2021, LOE per BOE is anticipated to be consistent with the unit rate in the third quarter and sales volumes are anticipated to average nearly 50,000 BOE/d.

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Denbury EPS beats by $0.12, beats on revenue