DEN - Denbury EPS beats by $0.13 beats on revenue

Denbury (NYSE:DEN): Q2 Non-GAAP EPS of $0.61 beats by $0.13; GAAP EPS of -$1.52 misses by $1.98. Revenue of $301.37M (+155.7% Y/Y) beats by $47.12M. Denbury’s oil and natural gas sales volumes averaged 49,133 barrels of oil equivalent per day during the second quarter of 2021, an increase of nearly 4% from the first quarter 2021 average. Guidance: The Company has reiterated its 2021 sales volume range for the year of between 47,500 BOE/d and 51,500 BOE/d. Denbury anticipates third quarter sales volumes will increase from the second quarter of 2021, driven primarily by the Company’s Rocky Mountain region, including the impact from workover projects and continued response from the previous development of Bell Creek Phase 6. Fourth quarter 2021 sales volumes are anticipated to be slightly higher than the third quarter, driven primarily by the Company’s Gulf Coast Region, where the developments at the Oyster Bayou and Tinsley fields are anticipated to contribute to

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Denbury EPS beats by $0.13, beats on revenue