Operational Updates
Denbury Highlights Q3 Bakken Acquisition, Production Increase
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Denbury Resources Inc. reported adjusted net income of $127 million for the third quarter of 2012, or $0.33 per diluted share, on quarterly revenues of $595 million. This compares to $148 million of adjusted net income, or $0.37 per diluted share, on revenues of $572million for the prior year third quarter, and $138 million of adjusted net income, or $0.35 per diluted share, on revenues of $597 million for the second quarter of 2012. Third quarter of 2012 net income was $85 million, or $0.22 per diluted share. This compares to net income of $276 million, or $0.68 per diluted share, for the prior year third quarter, and net income of $212 million, or $0.54 per diluted share, for the second quarter of 2012.
Adjusted cash flow from operations for the third quarter of 2012 was $350 million…
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