Denbury Resources Inc. (DNR) reported that its second-quarter net income attributable to the stockholder was $135.4 million, or $0.34 per share, compared to a net loss of $87.2 million, or $0.35 per share in the second quarter of 2009.
Net income adjusted to exclude certain items was approximately $72.9 million, or $0.18 per basic common share, compared to adjusted net income of $39.7 million, or $0.16 per basic common share in the prior year second quarter, after adjustments in the 2009 period for non-cash fair value commodity derivative losses and a compensation charge. Analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $497.21 million, up from $217.39 million in the prior year quarter. Seven analysts had consensus revenue estimate of $451.88 million for the quarter.
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