Denbury Shows Improvement After Difficult 2009
Denbury Shows Improvement After Difficult 2009
SUGAR LAND--February 24, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and natural gas company Denbury Resources Incorporated (NYSE:DNR) (Dallas, Texas) reported losses in revenues and income for 2009, but showed some improvement in the fourth quarter after adjusting for acquisitions and derivatives. Net income for the fourth quarter was $3.5 million, a 92% decrease from the same period last year, and the full year had a loss of $75.16 million, compared to a profit of $388.4 million in 2008.
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