Denbury Inc. today provided its fourth quarter and full-year 2022 results. 4Q 2022 FY 2022 Total Per Diluted Share Total Per Diluted Share Net Income $75,115 $1.39 $480,160 $8.83 Adjusted net income 79,960 1.48 368,302 6.78 Adjusted EBITDAX 140,042 586,429 Net cash flows from operations 124,336 520,745 Adjusted cash flows from operations 137,088 568,682 Oil & gas development capital expenditures 120,971 364,198 CCUS [...]
Denbury Inc. today announced it will release its financial and operational results for the fourth quarter of fiscal year 2022, before market open on Thursday, February 23, 2023. In addition, Denbury will provide its initial outlook for 2023, including projections for oil & gas production and costs, as well as capital expectations for both its oil & gas and CCUS operations. Denbury will host a webcast to review these [...]
Denbury Inc. today announced that Chris Kendall, President and Chief Executive Officer, will participate in a panel discussing carbon capture economics and development at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, 2023, at 11:00 a.m. Eastern Time . Mr. Kendall and other members of management will also participate in meetings with investors. Supplemental corporate materials for [...]
Denbury Inc. is hosting a live webcast at 10:00 a.m. C.T. today to review its carbon capture, utilization, and storage strategy, growth plans, and financial projections. Registration for the webcast can be found on the Company's Investor Relations website, where presentation materials are currently available. A replay of the event will be available shortly following the conclusion of the broadcast on the same website. Key [...]
Denbury Inc. today announced a definitive agreement with a large landowner in southwest Louisiana for the future development and operation of a dedicated CO2 sequestration site. The 31,000 acre land position is located in Allen, Beauregard and Vernon Parishes, approximately 25 miles north of Denbury's Green Pipeline. Denbury estimates that there is potential to store up to 250 million metric tons of CO2 in the site, with [...]
Denbury Inc. today announced that it will host a CCUS Business Outlook webcast on Tuesday, December 13, 2022. The live webcast will feature presentations by Chris Kendall, President and CEO, Nik Wood, Senior Vice President of Denbury Carbon Solutions, and other members of executive management, who will review the Company's CCUS strategy, growth plans, and financial projections. The presentation is scheduled to begin at [...]
Denbury Inc. today provided its third quarter 2022 financial and operating results. FINANCIAL AND OPERATIONAL HIGHLIGHTS Third quarter 2022 net cash flows provided by operating activities totaled $156 million, and adjusted cash flows from operations, excluding working capital changes, totaled $156 million. Generated $47 million of free cash flow during the third quarter and $153 million year-to-date. Repurchased $71 [...]
Denbury Inc. today announced that its subsidiary, Denbury Carbon Solutions, LLC. has executed a CO2 Services Agreement with Clean Hydrogen Works . Under the definitive agreement, Denbury will transport and sequester CO2 captured from Clean Hydrogen's planned hydrogen-ammonia complex in Ascension Parish, Louisiana, which is anticipated to be built less than two miles from Denbury's existing CO2 pipeline network. The [...]
Denbury Inc. today announced that its subsidiary, Denbury Carbon Solutions, LLC., has executed a 20-year definitive agreement to provide CO2 transportation and storage services to Lake Charles Methanol in association with LCM's planned "blue" methanol project. LCM's world class facility will be located along the Calcasieu River near Lake Charles, Louisiana, approximately 10 miles from Denbury's Green Pipeline. The [...]
Denbury Inc. plans to issue its Third Quarter 2022 financial and operating results prior to the market opening on Thursday, November 3, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time . The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company's website at www.denbury.com. Individuals who would like [...]
Denbury Inc. today announced that Chris Kendall, President and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Tuesday, September 6, 2022, at 2:25 p.m. Eastern Time . Mr. Kendall and other members of management will also participate in meetings with investors. Supplemental corporate materials for the conference will be posted to the Company's website the same morning, and a link to the [...]
Denbury Inc. today provided its second quarter 2022 financial and operating results. HIGHLIGHTS Second quarter 2022 cash flows provided by operating activities totaled $150 million, and adjusted cash flows from operations, excluding working capital changes, totaled $145 million. Generated $55 million of free cash flow during the second quarter and $106 million year-to-date. Repurchased $100 million of the Company's shares [...]