Denbury Resources Inc. (DNR) reported third-quarter net income of $26.88 million or $0.11 per share compared to $157.55 million or $0.63 per share last year.
Adjusted net income was $40.7 million or $0.16 per basic share compared to $123.0 million or $0.50 per basic share prior year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $227.25 million from $410.25 million last year. Analysts expected revenue of $237.09 million for the quarter.
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