Login

DENBURY INC

denbury.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 21, 2023. Its latest SEC filing is a SC 13G/A from Feb 7, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Produces and sells oil and natural gas using carbon-dioxide enhanced recovery, and sells carbon dioxide and transports it for industrial users and oil recovery customers.

How Did They Make Money?

Oil and natural gas buyers pay for delivered production at market-based prices; Denbury invoices after delivery and usually receives payment within a month for oil and CO2, and within two months for natural gas.

FY2022 revenue by product or service revenue
SegmentShareRevenue
Oil, natural gas, and related product sales
Sold outright

93%
FY2019: 95%
CO2 sales and transportation fees
3.6%
FY2019: 2.7%
Oil marketing revenues
3.8%
FY2019: 1.1%

Who Were Their Customers?

Denbury sells oil and natural gas to purchasers through day-to-day sales or short-term contracts. Its CO2 customers include industrial companies and project developers that contract for future transportation or storage.

Did Revenues Turn Into Profits?

Yes. It kept 28 cents of every revenue dollar as net income in FY2022.

Net income, FY2022
28% of revenue
▲ +757% vs FY2021 ($56M, 4%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Sep 30, 2023
Revenue
▼ −19%
vs $439.5M in Q3 FY2022
Net income
▼ Now a loss
vs $250.4M in Q3 FY2022
Oil, natural gas, and related product sales share of revenue vs 89.9% in Q3 FY2022
  • Nov 2, 2023 ExxonMobil completed its merger with Denbury Denbury became a wholly owned subsidiary, and its stock ceased trading on the New York Stock Exchange.

Grew. Revenue grew 16% in 4 years, from $1.5B in FY2018 to $1.7B in FY2022, about 4% a year.

Revenue over time
Oil, natural gas, and related product sales CO2 sales and transportation fees Oil marketing revenues
$2B$1B$0

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support