SOURCE: Industrial Info Resources

Industrial Info Resources

February 24, 2010 05:20 ET

Denbury Shows Improvement After Difficult 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - 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. Industrial Info is tracking a dozen Denbury projects in the U.S. that are worth more than $1.7 billion, including the $330 million grassroot pipeline at the CO2 pump station in Guys, Tennessee.

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