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DNR on NYSE

Denbury Resources

Logo: denbury.com5

American energy company

Denbury Inc. was a company engaged in hydrocarbon exploration and extraction via enhanced oil recovery, utilizing carbon dioxide to extract petroleum from fields that have been previously exploited. In November 2023 it was acquired by ExxonMobil. The company's operations were focused in the Gulf Coast and Rocky Mountain regions.3 Its shares trade on NYSE under the symbol DNR.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1951Founded1

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  • TickerDNR on NYSE1
  • Industrypetroleum industry1
  • HeadquartersPlano1
  • Websitewww.denbury.com/Home/default.aspx
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address5851 Legacy Circle, Suite 1200, Plano, Tx 750246
  • Filer categoryLarge accelerated filer6
  • LEI549300KCWA5W52MS55594
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 37377344

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Denbury Resources image from its website
Image: denbury.com5

Denbury Inc. was a company engaged in hydrocarbon exploration and extraction via enhanced oil recovery, utilizing carbon dioxide to extract petroleum from fields that have been previously exploited. In November 2023 it was acquired by ExxonMobil.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

28.2%Net margin8
37.1%Revenue growth, 20228
31.3%Return on equity8

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs67¢$1.1B
  • Interest0¢$4.0M
  • Income tax4¢$74.8M
  • Profit28¢$480.2M

Out of $1.7B in revenue.8

Where each dollar of operating cash went, fiscal 2022

  • Share buybacks19¢$100.0M
  • Kept or used elsewhere81¢$420.7M

Out of $520.7M of cash from operations.8

Financial statements

Revenue91011128$1.7B in 2022+77% since 2016
0$500.0M$1.0B$1.5B$2.0B2016: $960.6M$960.6M20162017: $1.1B$1.1B2017+17%2018: $1.5B$1.5B2018+30%2019: $1.3B$1.3B2019−13%2021: $1.2B$1.2B2021−1%2022: $1.7B$1.7B2022+37%
Net income91011128$480.2M in 2022
-$1.0B-$500.0M0$500.0M2016: -$976.2M-$976.2M20162017: $163.2M$163.2M20172018: $322.7M$322.7M2018+98%2019: $217.0M$217.0M2019−33%2021: $56.0M$56.0M2021−74%2022: $480.2M$480.2M2022+757%
Fiscal year2016201720182019202020212022
Revenue$960.6M9$1.1B10$1.5B11$1.3B12$1.2B8$1.7B8
Operating expenses$1.2B8$1.2B8
Interest$125.1M9$99.3M10$69.7M11$81.6M12$4.1M8$4.0M8
Income before tax$56.8M8$555.0M8
Income tax-$544.2M9-$116.7M10$87.2M11$104.4M12$767.0K8$74.8M8
Net income-$976.2M9$163.2M10$322.7M11$217.0M12$56.0M8$480.2M8
Earnings per share-$2.619$0.4210$0.7511$0.4712$1.108$9.348
Earnings per share (diluted)-$2.619$0.4110$0.7111$0.4512$1.048$8.838
Shares (weighted, basic)50.9M shares851.4M shares8
Shares (weighted, diluted)53.8M shares854.4M shares8

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Corporate structure

Denbury Resources sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Denbury Resources

  • Denbury Resources Plano, Texas, United States
    • DENBURY ONSHORE, LLC Subsidiary · Plano, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Denbury Resources reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$306.7M8 Dec 31, 2022$181.4M8 Dec 31, 2021+69.1%
Property and equipment, net$1.9B8 Dec 31, 2022$1.5B8 Dec 31, 2021+25.3%
Operating-lease assets (leased space)$18.0M8 Dec 31, 2022$19.5M8 Dec 31, 2021−7.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$521.0K8 Dec 31, 2022$3.7M8 Dec 31, 2021−85.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization$21.0M8 Dec 31, 2022$11.9M8 Dec 31, 2021+76.8%
Finite-lived intangibles, net$79.1M8 Dec 31, 2022$88.2M8 Dec 31, 2021−10.3%

The story

In March 1951, the company was incorporated in Manitoba as "Kay Lake Mines Limited (N.P.L.)". In September 1984, the name of the company was changed to "Newscope Resources Limited". In December 1985, the name of the company was changed to "Denbury Resources Inc."

In May 1997, the company became a public company via an initial public offering. In 1998, the company acquired properties from Chevron Corporation for $202 million. In August 1999, the company began its enhanced oil recovery operations with the acquisition of the Little Creek Field.

In 2001, the company acquired Matrix Oil & Gas for $138 million in cash and stock. The company also acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the related transportation infrastructure. In 2009, the company sold its assets in the Barnett Shale.

In 2010, the company acquired Encore Acquisition Company in a $4.6 billion transaction.

In 2012, the company acquired Thompson Field in Fort Bend County, Texas for $360 million. The company also sold its acreage in the Bakken Formation to ExxonMobil for $1.6 billion.

In 2013, the company acquired fields in the Cedar Creek Anticline from ConocoPhillips for $1.05 billion.

In 2017, Christian S. Kendall was named chief executive officer of the company. The company also acquired assets in the Salt Creek Field of Wyoming from Linn Energy for $71.5 million.

In July 2020, the company filed for bankruptcy. It emerged from bankruptcy in September 2020 and changed its name to Denbury Inc.

Read the full text

On July 13, 2023, ExxonMobil announced its acquisition of Denbury for $4.9 billion. On November 3, 2023, Exxon completed the acquisition.

From Wikipedia’s article on Denbury Resources, shared under CC BY-SA 4.0.7

Leadership

Who has led Denbury Resources, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gareth Roberts2006–2009
  2. Phil Rykhoek2009–2017
  3. Christian S. Kendall2017–2023

President

  1. Gareth Roberts2006–2009
  2. Ronald Tracy Evans2009–2011
  3. Phil Rykhoek2014–2016
  4. Christian S. Kendall2016–2023

Chief financial officer

  1. Phil Rykhoek2006–2009
  2. Mark C. Allen2009–2023

Chief operating officer

  1. Kenneth Craig McPherson2012–2014
  2. Christian S. Kendall2015–2017
197019801990200020102020
Board members and other officers (37)

Products and brands

  • petroleum

Listed on Wikidata.1

Former names

  • DENBURY RESOURCES INCSep 4, 1996 to Sep 15, 20206

Timeline

  1. Nov 2, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer65
  2. Nov 1, 20238-K Shareholder vote; Regulation FD disclosure; Other events66
  3. Oct 30, 20238-K Entered a material agreement67
  4. Oct 20, 20238-K Other events68
  5. Aug 3, 20238-K Results of operations69
  6. Jul 31, 20238-K Entered a material agreement70
  7. Jul 14, 20238-K Entered a material agreement71
  8. Jul 13, 20238-K Regulation FD disclosure72
  9. Jun 6, 20238-K Shareholder vote73
  10. May 3, 20238-K Results of operations74
  11. Feb 23, 20238-K Results of operations75
  12. Jan 5, 20238-K Regulation FD disclosure76
  13. Jul 3, 2017New chief executive Christian S. Kendall becomes CEO18
  14. Jul 2, 2009New chief executive Phil Rykhoek becomes CEO19
  15. Apr 21, 2006New chief executive Gareth Roberts becomes CEO20
  16. May 8, 1997Went public Listed on NYSE1
  17. 1951Founded Founded1

Calendar

When it reported results

  1. Aug 3, 2023Reported quarterly or annual results69
  2. May 3, 2023Reported quarterly or annual results74
  3. Feb 23, 2023Reported quarterly or annual results75
  4. Nov 3, 2022Reported quarterly or annual results77
  5. Aug 4, 2022Reported quarterly or annual results78
  6. May 5, 2022Reported quarterly or annual results79
  7. Feb 24, 2022Reported quarterly or annual results80
  8. Nov 4, 2021Reported quarterly or annual results81

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

148 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 19 major events, 63 insider forms, 17 large holders, 40 other. The latest 20:

  1. Feb 7, 2024SC 13G/A EDGAR
  2. Nov 22, 202315-12G EDGAR
  3. Nov 21, 202310-Q EDGAR
  4. Nov 13, 2023NT 10-Q EDGAR
  5. Nov 13, 2023SC 13G/A EDGAR
  6. Nov 9, 2023EFFECT EDGAR
  7. Nov 9, 2023EFFECT EDGAR
  8. Nov 9, 2023EFFECT EDGAR
  9. Nov 9, 2023EFFECT EDGAR
  10. Nov 9, 2023EFFECT EDGAR
  11. Nov 9, 2023EFFECT EDGAR
  12. Nov 9, 2023EFFECT EDGAR
  13. Nov 9, 2023EFFECT EDGAR
  14. Nov 9, 2023EFFECT EDGAR
  15. Nov 9, 2023EFFECT EDGAR
  16. Nov 9, 2023EFFECT EDGAR
  17. Nov 9, 2023EFFECT EDGAR
  18. Nov 9, 2023EFFECT EDGAR
  19. Nov 9, 2023EFFECT EDGAR
  20. Nov 6, 20234 EDGAR

The 148 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 13, 2023Jennings Nicole H.Vice President and CAOSale618$78.85$48.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Denbury Resources is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDENBURY INC2
  • CIK0000945764
  • Employer ID (EIN)75-28151712
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address5851 Legacy Circle, Suite 1200, Plano, TX 750242
  • Phone97267320002
  • Shares outstanding1,000 as of Nov 2, 202314
  • Public float$3.0B as of Jun 30, 20228
  • On EDGAR sinceJun 7, 19962
  • Filings2,421 in all: 4 (1,349), 8-K (354), SC 13G/A (91), 10-Q (83), 3 (41), 4/A (39), SC 13G (37), 5 (34)2
    All 55 form types

    DEF 14A (29), POS AM (29), 425 (27), S-8 POS (26), 10-K (24), CORRESP (24), UPLOAD (24), S-8 (22), DEFA14A (20), EFFECT (15), 8-K/A (13), SC 13D/A (12), S-3ASR (11), 424B7 (10), ARS (10), 11-K (9), 424B3 (9), FWP (7), 424B5 (6), PRE 14A (6), S-4 (5), S-4/A (5), SC 13D (5), 424B1 (4), S-3 (4), S-3/A (4), 10-K/A (3), 10-K405 (3), NT 10-Q (3), S-3MEF (3), 25-NSE (2), 424B2 (2), 8-A12B (2), S-1/A (2), 15-12G (1), 3/A (1), 8-A12B/A (1), CERT (1), D (1), DEFM14A (1), DEFS14A (1), NT 11-K (1), POSASR (1), PRER14A (1), PRES14A (1), RW (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2023
    Quarterly report (10-Q) Nov 21, 2023
    Proxy statement (DEF 14A) Apr 18, 2023
    Latest 8-K (8-K) Nov 2, 2023

Sources

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