Brief: Denbury Reports First Quarter 2022 Results

Denbury

05/05/2022 12:25

Denbury Inc  DEN.N :
    * DENBURY REPORTS FIRST QUARTER 2022 RESULTS
    * AUTHORIZES SHARE REPURCHASE PROGRAM
    * QTRLY LOSS PER SHARE $0.02
    * AUTHORIZED A $250 MILLION SHARE REPURCHASE PROGRAM
    * TOTAL REVENUES AND OTHER INCOME IN Q1 OF 2022 WERE $412
MILLION,
A 64% INCREASE OVER Q1 2021 LEVELS
    * DENBURY- SEES 2022 OIL & GAS CAPITAL EXPENDITURES, LEASE
OPERATING EXPENSE, G&A IN UPPER HALF TO UPPER END OF THEIR
RESPECTIVE ANNUAL RANGES FOR YEAR
    * FULL-YEAR 2022 PRODUCTION GUIDANCE RANGE IS UNCHANGED
    * FOR Q2, COMPANY ANTICIPATES SALES VOLUMES TO BE SLIGHTLY
LOWER
THAN Q1 OF 2022
    * LOE PER BOE IS ANTICIPATED TO INCREASE IN Q2 PRIMARILY AS
A
RESULT OF HIGHER COMMODITY PRICES AND INCREASED SEASONAL
WORKOVER OPERATIONS
    * Q1 EARNINGS PER SHARE VIEW $1.53, REVENUE VIEW $341.0
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw4r9585a 
Further company coverage:  DEN.N