Denbury Inc.

NYSE:DEN 株式レポート

時価総額：US$4.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Denbury 過去の業績

過去 基準チェック /56

Denburyは、平均年間4.1%の収益成長を遂げていますが、 Oil and Gas業界の収益は、年間 成長しています。収益は、平均年間8.4% 3.2%収益成長率で 成長しています。 Denburyの自己資本利益率は28.4%であり、純利益率は32.4%です。

主要情報

4.10%

収益成長率

47.05%

EPS成長率

Oil and Gas 業界の成長33.67%
収益成長率3.24%
株主資本利益率28.35%
ネット・マージン32.35%
前回の決算情報30 Jun 2023

最近の業績更新

Recent updates

Seeking Alpha • Oct 16

Denbury: A Deep Dive Into Financial Metrics, Liquidity Concerns, And Investment Potential

Summary Denbury Inc.'s balance sheet shows growth in total assets and stockholders' equity, but also a significant increase in long-term debt and deferred tax liabilities. The company's focus on carbon capture technologies and sustainability aligns with the increasing demand for reducing emissions. However, Denbury's heavy reliance on oil prices and declining net income pose risks for investors, making a cautious "Hold" stance advisable. The company is trading at a low P/E ratio relative to near-term earnings growth. Read the full article on Seeking Alpha
Seeking Alpha • Jul 15

Exxon Mobil Pays A Fair Price For Its $4.9 Billion Acquisition Of Denbury

Summary Exxon Mobil's $4.9 billion acquisition of Denbury appears to be at a fair price and in-line with my prior estimates of Denbury's value in a long-term low-$70s WTI oil environment. The deal involves only a slight premium to Denbury's share price, but is likely to be approved by Denbury's shareholders. A large amount of shares is owned by former noteholders. Denbury's shareholders will now receive dividends for their shares after the deal closes, and will have a more liquid market to sell their shares if they choose to. Denbury shares are also pricing in a closing date in the second-half of Q4 2023. Deal is only a minor one for Exxon Mobil given its large size as its share count will increase by approximately 1.1%. Read the full article on Seeking Alpha
分析記事 • Jun 23

If EPS Growth Is Important To You, Denbury (NYSE:DEN) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
分析記事 • May 30

Improved Earnings Required Before Denbury Inc. (NYSE:DEN) Shares Find Their Feet

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 15x, you may...
分析記事 • Apr 17

Denbury Inc. (NYSE:DEN) Shares Could Be 25% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, Denbury fair value estimate is US$127 Denbury is estimated to...
分析記事 • Mar 31

Investors Shouldn't Overlook Denbury's (NYSE:DEN) Impressive Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Seeking Alpha • Feb 22

Denbury Q4 2022 Earnings Preview

Denbury (NYSE:DEN) is scheduled to announce Q4 earnings results on Thursday, February 23, before market open. The consensus EPS estimate is $1.65 (+117.1% Y/Y) and the consensus revenue estimate is $386.5M (+6.8% Y/Y). Over the last 2 years, DEN has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 6 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
Seeking Alpha • Jan 12

Denbury gains amid renewed Exxon takeover speculation

Denbury (NYSE:DEN) rose 1.7% after some speculation that Exxon Mobil (NYSE:XOM) may still be interested in an acquisition. "There is a belief that Denbury might be something that Exxon is still interested in," CNBC's David Faber said earlier Thursday on the network. "Maybe the bid ask is too far off." Faber comments come as Denbury (DEN) CEO Chris Kendall is to set appear on Jim Cramer's "Mad Money" show on CNBC on Thursday night. Faber didn't cite any sources for his speculation. Bloomberg reported in October that Exxon (XOM) was considering a takeover of Denbury. Denbury (DEN) has been the subject of recent speculation, including a Bloomberg report in August that the company was exploring options including a possible sale. About month ago a Bank of America analyst moved his  rating to underperform on Denbury (DEN) writing that M&A  doesn't appear to be imminent. BofA highlighted that since the speculation there have been no additional headlines on possible M&A.
分析記事 • Dec 26

Denbury (NYSE:DEN) Could Become A Multi-Bagger

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha • Dec 12

Denbury partners with Weyerhaeuser for a CO2 sequestration site in Mississippi

Denbury (NYSE:DEN) and Weyerhaeuser (NYSE:WY) on Monday announced an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi. The lease agreement will provide Denbury with exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties. The site, with an estimated sequestration capacity of 275 million metric tons of carbon dioxide, is located directly adjacent to Denbury's NEJD Pipeline in Mississippi. Denbury plans to utilize the site to permanently sequester industrial CO2 in secure underground geologic formations, and Weyerhaeuser will continue to manage the timberland acreage as a sustainable working forest. Denbury said intends to drill a stratigraphic test well in 2023 at the site.
Seeking Alpha • Nov 17

Buy Denbury As The EOR Market Is Growing

Summary In Q3 2022, Denbury Inc. reported adjusted net income and adjusted EBITDAX of $102 million and $161 million, respectively. The company’s financial results were significantly stronger than in Q3 2022; however, not as strong as in Q2 2022. Oil prices are expected to remain high, supporting the company’s EOR and CCUS projects. Due to the enlarging enhanced oil recovery market, DEN is well-positioned to make huge profits in the coming years. Denbury Inc. (DEN) is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage ((CCUS)) and Enhanced Oil Recovery ((EOR)) in the Gulf Coast and Rocky Mountain regions. Due to hiked oil prices, the company was able to report strong quarterly results in 1Q-3Q 2022. Oil prices in the fourth quarter of 2022 are lower than in the first three quarters of the year. Thus, DEN cannot benefit from the oil prices in 4Q 2022 as much as it did in the first nine months of the year. However, it is important to know that compared with 4Q 2021, oil prices are still significantly high and are expected to increase in 2023. Also, the Inflation Reduction Act, which was signed into law in August 2022, incentivized DEN’s EOR and CCUS projects. The stock is a buy. Quarterly results In its 3Q 2022 financial results, DEN reported total revenues of $439 million, compared with $344 million in the same period last year. The company’s oil sales increased from $305 million in 3Q 2021 to $390 million in 3Q 2022. DEN’s total expenses decreased from $261 million in 3Q 2021 to $148 million in 3Q 2022, driven by commodity derivatives income of $109 million, partially offset by higher lease operating expenses, higher oil marketing purchases, higher general and administrative expenses, and higher taxes other than income. The company’s net income increased from $83 million in 3Q 2021 to $250 million in 3Q 2022. In the third quarter of 2022, DEN reported non-cash fair value gains on commodity derivatives of $165 million. DEN’s adjusted net income in the third quarter of 2022 was $102 million. DEN reported an adjusted EBITDAX of $161 million in the third quarter of 2022. The company's net cash from operating activities increased from $104 million in 3Q 2021 to $156 million in 3Q 2022. Also, its net cash investing activities increased from $63 million in 3Q 2021 to $105 million in 3Q 2022. DEN’s oil sales decreased from 48145 Bbls/s in 3Q 2021 to 45639 Bbls/d in 3Q 2022. The company’s natural gas sales decreased from 9222 Mcf/d in 3Q 2021 to 8815 Mcf/d in 3Q 2022. Excluding derivative settlements, DEN’s oil average realized price increased from $68.88 per barrel in 3Q 2021 to $92.77 per barrel in 3Q 2022. Also, the company’s natural gas average realized price increased from $3.96 per million cubic feet in 3Q 2021 to $7.00 per million cubic feet in 3Q 2022. DEN’s cash flow deficit of $23 million on 30 September 2021, turned into a free cash flow of $47 million on 30 September 2022. The company reported total capital expenditures of $119 million in 3Q 2022, compared with $101 million in 3Q 2021. “Our great progress in both the EOR production and CCUS businesses advanced significant value creation at Denbury during the third quarter,” the CEO commented in the release, and continued: “Despite persistent supply chain challenges and inflationary pressures, our teams have continued to execute safely and efficiently across the Company. This operational momentum, combined with continued progress at the CCA EOR development, sets a great foundation for our business for years into the future,” he continued. The market outlook Driven by oil development activities, particularly the development of the company’s Cedar Creek Anticline ((CCA)) EOR project in Montana and North Dakota, DEN’s capital expenditures for the fourth quarter of 2022 are expected to be higher than in the third quarter. The company’s CCA EOR project production response is anticipated in 2H 2023. DEN expects its 4Q 2022 capital expenditures to be $135 million. The company reported total sales of 47109 BOE/d and 46866 BOE/d for the quarter ending 30 September 2022 and nine months ending 30 September, respectively. Due to incremental production from multiple projects in the company’s 2022 capital program, DEN expects its 4Q 2022 sales volumes to be between 47,500 to 49,000 BOE/d, with the midpoint up 2.5% from 3Q 2022. “These predicted fourth quarter 2022 sales volumes are slightly lower than original expectations due to timing associated with equipment and materials delays, which should benefit production in early 2023,” the company explained. According to Grand View Research, the global EOR market size, which is valued at $38.83 billion in 2021, is expected to grow with a CAGR of 7.8% from 2022 to 2023 to reach $76.78 billion in 2022. Also, according to Stratview Research, the carbon capture and storage market is expected to grow with a CAGR of 5.71% during 2022-2028, reaching $5.04 billion in 2028. It is important to know that North America has the largest market share in the carbon capture and storage market (more than 31% in 2021). DEN’s current portfolio of CO2 EOR and CCUS projects, increase its oil production significantly and improve its reserves. Moreover, the Inflation Reduction Act that that signed into law in August 2022 incentivized EOR and CCUS projects by 70%. The recently approved enhancements to the 45Q tax incentives available for carbon capture have significantly expanded the market opportunity for DEN (see Figure 1).

収支内訳

Denbury の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NYSE:DEN 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
30 Jun 231,490482940
31 Mar 231,643570870
31 Dec 221,714480820
30 Sep 221,685526910
30 Jun 221,589358860
31 Mar 221,409125670
31 Dec 211,24856800
30 Sep 211,093-118670
30 Jun 21943-1,007690
31 Mar 21760-1,627920
31 Dec 20751-1,483650
30 Sep 20864-1,407600
30 Jun 20986-528620
31 Mar 201,212317550
31 Dec 191,275217640
30 Sep 191,303368650
30 Jun 191,382374680
31 Mar 191,426257700
31 Dec 181,474323710
30 Sep 181,462275750
30 Jun 181,333197810
31 Mar 181,208181870
31 Dec 171,130163950
30 Sep 171,070-3491100
30 Jun 171,050-3741080
31 Mar 171,042-7691040
31 Dec 16976-9761100
30 Sep 16959-1,476990
30 Jun 161,013-3,6951070
31 Mar 161,133-4,4631230
31 Dec 151,244-4,3851450
30 Sep 151,458-3,1371520
30 Jun 151,792-6241600
31 Mar 152,0874691610
31 Dec 142,4176351580
30 Sep 142,5333621580
30 Jun 142,5731951530
31 Mar 142,5493801500
31 Dec 132,4944101470
30 Sep 132,5024341520
30 Jun 132,4244181550
31 Mar 132,3764991590
31 Dec 122,4365251540

質の高い収益: DEN 非現金収入 のレベルが高いです。

利益率の向上: DENの現在の純利益率 (32.4%)は、昨年(22.5%)よりも高くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: DEN過去 5 年間で収益を上げており、収益は年間4.1%増加しています。

成長の加速: DENの過去 1 年間の収益成長率 ( 34.7% ) は、5 年間の平均 ( 年間4.1%を上回っています。

収益対業界: DENの過去 1 年間の収益成長率 ( 34.7% ) はOil and Gas業界6%を上回りました。

株主資本利益率

高いROE: DENの 自己資本利益率 ( 28.4% ) は 高い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2023/11/03 14:36
終値2023/11/01 00:00
収益2023/06/30
年間収益2022/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

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業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Denbury Inc. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26

アナリスト機関
Daniel KatzenbergBaird
Jeffrey RobertsonBarclays
Phillip JungwirthBMO Capital Markets Equity Research