View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsDenbury 향후 성장Future 기준 점검 0/6Denbury 의 수익은 연간 18.5% 감소할 것으로 예상되는 반면, 연간 수익은 1.1% 로 증가할 것으로 예상됩니다. EPS는 연간 19.2% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-18.5%이익 성장률-19.16%EPS 성장률Oil and Gas 이익 성장7.3%매출 성장률1.1%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트23 Oct 2023최근 향후 성장 업데이트공시 • May 04Denbury Inc. Provides Sales Guidance for the Second Quarter of 2023Denbury Inc. provided sales guidance for the second quarter of 2023. For the second quarter 2023 sales volumes are anticipated to be similar to the first quarter.공시 • Nov 04Denbury Inc. Provides Earnings Guidance for the Fourth Quarter of 2022Denbury Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, the company expected sales volumes in a range of 47,500 BOE/d to 49,000 BOE/d.공시 • Aug 05Denbury Inc. Provides Production Guidance for the Year 2022Denbury Inc. provided production guidance for the year 2022. For the year, the company's full-year 2022 production guidance range is unchanged at between 46,000 and 49,000 BOE/d.모든 업데이트 보기Recent updates공시 • Nov 23Denbury Inc. Files Form 15Denbury Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.001 per share.공시 • Nov 14Denbury Inc. announced delayed 10-Q filingOn 11/13/2023, Denbury Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Nov 03+ 1 more updateExxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others.Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others for $4.8 billion on July 13, 2023. The acquisition is an all stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. Denbury agrees to pay to ExxonMobil $144,000,000, which equals approximately 3% of the aggregate equity value implied in the transaction in case of termination and If the Merger Agreement is terminated by ExxonMobil because a Specified Pipeline Event has occurred, ExxonMobil agrees to pay Denbury contemporaneously with and as a condition to such termination, a termination fee of $144,000,000, in immediately available funds. The completion of the Merger is subject to satisfaction or waiver of certain customary mutual closing conditions, including, customary regulatory reviews and approvals, approval by Denbury shareholders, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) applicable to the Merger, the effectiveness of the Registration Statement on Form S-4, the authorization for listing on the New York Stock Exchange of the shares to be issued in connection with the Merger. The boards of directors of both companies have unanimously approved the transaction. As of September 12, 2023, Denbury announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. As of October 31, 2023, Denbury shareholder approved the transaction. The transaction is expected to close in the 4th quarter of 2023. As of October 31, 2023, the transaction is expected to close on November 2, 2023. In connection with the Merger, J.P. Morgan Securities LLC and TPH&Co., energy business of Perella Weinberg Partners are acting as lead financial advisors and due diligence provider to Denbury and provided a fairness opinion to the Board of Directors. Denbury will pay the transaction fee to each of J.P. Morgan Securities LLC and TPH&Co. approximately $42.7 million (including the $3 million opinion fee which became payable to each of them upon delivery of their respective fairness opinion to the Denbury board of directors). PJT Partners LP acted as financial advisor, fairness opinion and due diligence provider to the Board of Directors. Steve Gill, Doug McWilliams, David Peck, Lina Dimachkieh, Peter Rogers, David D’Alessandro, Missy Spohn, Kara Kuritz, Hill Wellford, Rick Sofield, John Grand, Elena Sauber, Danielle Patterson, Guy Gribov, Alex Cross, Sean Becker, Alex Bluebond, Matthew Dobbins, Robert Kimball, Katherine Frank and Rajesh Patel of Vinson & Elkins LLP acting as legal counsels and due diligence providers to Denbury. Shanu Bajaj, Jennifer S. Conway, Louis Goldberg, David H. Schnabel, Howard Shelanski and Oliver Smith of Davis Polk & Wardwell LLP acted as legal advisors to ExxonMobil. As compensation for its services in connection with the Merger, PJT Partners is entitled to receive from Denbury a fee of $3 million, which became payable upon the delivery of PJT Partners’ opinion to the Denbury board of directors. Broadridge Corporate Issuer Solutions, Inc. acted as Denbury’s transfer agent. Computershare Trust Company, N.A. is the transfer agent and registrar for ExxonMobil common stock. Denbury has retained Innisfree M&A Incorporated to assist in the solicitation of proxies for a fee expected not to exceed $60,000, plus reasonable out-of-pocket expenses. Exxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others on November 2, 2023. In accordance with the terms of the agreement, Christian S. Kendall, Kevin O. Meyers, Anthony M. Abate Caroline G. Angoorly, James N. Chapman, Lynn A. Peterson, Brett R. Wiggs and Cindy A. Yeilding, such members comprising all of the directors of Denbury prior to the close of transaction, resigned as directors of Denbury. Also, each officer of Denbury ceased his or her respective service as an officer of Denbury.New Risk • Aug 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$1.30 (vs US$3.00 in 2Q 2022)Second quarter 2023 results: EPS: US$1.30 (down from US$3.00 in 2Q 2022). Revenue: US$329.0m (down 32% from 2Q 2022). Net income: US$67.3m (down 57% from 2Q 2022). Profit margin: 21% (down from 32% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% decline forecast for the Oil and Gas industry in the United Kingdom.공시 • Jul 15Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) for $4.6 billion.Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) for $4.6 billion on July 13, 2023. The acquisition is an all stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. The boards of directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. It is also subject to approval by Denbury shareholders. The transaction is expected to close in the 4th quarter of 2023. In connection with the Merger, J.P. Morgan Securities LLC and TPH&Co., energy business of Perella Weinberg Partners are acting as lead financial advisors to Denbury and provided a fairness opinion to the Board of Directors. PJT Partners also provided a fairness opinion to the Board of Directors. Vinson & Elkins LLP is acting as legal counsel to Denbury. Shanu Bajaj Joseph S. Brown, Jennifer S. Conway, Louis L. Goldberg, David H. Schnabel, Howard Shelanski and H. Oliver Smith of Davis Polk & Wardwell LLP acted as legal advisors to ExxonMobil.공시 • Jul 12Denbury Inc. to Report Q2, 2023 Results on Aug 03, 2023Denbury Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023Board Change • Jun 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • May 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 05First quarter 2023 earnings released: EPS: US$1.73 (vs US$0.017 loss in 1Q 2022)First quarter 2023 results: EPS: US$1.73 (up from US$0.017 loss in 1Q 2022). Revenue: US$341.0m (down 17% from 1Q 2022). Net income: US$89.2m (up US$90.1m from 1Q 2022). Profit margin: 26% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to fall by 3.3% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Oil and Gas industry in the United Kingdom.공시 • May 04Denbury Inc. Provides Sales Guidance for the Second Quarter of 2023Denbury Inc. provided sales guidance for the second quarter of 2023. For the second quarter 2023 sales volumes are anticipated to be similar to the first quarter.Board Change • Apr 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 24Full year 2022 earnings released: EPS: US$9.34 (vs US$1.10 in FY 2021)Full year 2022 results: EPS: US$9.34 (up from US$1.10 in FY 2021). Revenue: US$1.71b (up 36% from FY 2021). Net income: US$480.2m (up US$424.2m from FY 2021). Profit margin: 28% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Oil and Gas industry in the United Kingdom.Board Change • Feb 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Jan 20Denbury Inc. to Report Q4, 2022 Results on Feb 23, 2023Denbury Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 23, 2023Board Change • Jan 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$4.89 (vs US$1.62 in 3Q 2021)Third quarter 2022 results: EPS: US$4.89 (up from US$1.62 in 3Q 2021). Revenue: US$439.5m (up 28% from 3Q 2021). Net income: US$250.4m (up 203% from 3Q 2021). Profit margin: 57% (up from 24% in 3Q 2021). Revenue is expected to fall by 3.8% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the United Kingdom.공시 • Nov 04Denbury Inc. Provides Earnings Guidance for the Fourth Quarter of 2022Denbury Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, the company expected sales volumes in a range of 47,500 BOE/d to 49,000 BOE/d.공시 • Oct 11Exxon Mobil Reportedly Considers Buying DenburyExxon Mobil Corporation (NYSE:XOM) is considering acquiring Denbury Inc. (NYSE:DEN), Bloomberg News reported on October 10, 2022, citing people familiar with the matter. Shares of Plano, Texas-based energy company Denbury rose 8% on the report. Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal. Denbury was exploring options including a sale, Bloomberg reported in August 2022. Exxon and Denbury did not immediately respond to Reuters request for comment.공시 • Oct 07Denbury Inc. to Report Q3, 2022 Results on Nov 03, 2022Denbury Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 03, 2022Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$88.81, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 19% over the past year.Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to US$91.39, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 51% over the past year.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: US$3.00 (vs US$1.52 loss in 2Q 2021)Second quarter 2022 results: EPS: US$3.00 (up from US$1.52 loss in 2Q 2021). Revenue: US$482.2m (up 60% from 2Q 2021). Net income: US$155.5m (up US$233.2m from 2Q 2021). Profit margin: 32% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 4.6% compared to a 19% growth forecast for the industry in the United Kingdom.공시 • Aug 05Denbury Inc. Provides Production Guidance for the Year 2022Denbury Inc. provided production guidance for the year 2022. For the year, the company's full-year 2022 production guidance range is unchanged at between 46,000 and 49,000 BOE/d.Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$69.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 2x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 5.6% over the past year.이익 및 매출 성장 예측LSE:0I8A - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20251,484290-9627212/31/20241,523349-15642612/31/20231,4343197258356/30/20231,49048227512N/A3/31/20231,64357086519N/A12/31/20221,714480119521N/A9/30/20221,685526110466N/A6/30/20221,58935874414N/A3/31/20221,40912565355N/A12/31/20211,2485686317N/A9/30/20211,093-11895255N/A6/30/2021943-1,007116224N/A3/31/2021760-1,62736145N/A12/31/2020751-1,48324154N/A9/30/2020864-1,407122297N/A6/30/2020986-528129354N/A3/31/20201,212317235492N/A12/31/20191,275217205494N/A9/30/20191,303368132480N/A6/30/20191,382374134497N/A3/31/20191,426257124502N/A12/31/20181,474323184530N/A9/30/20181,462275222518N/A6/30/20181,333197156436N/A3/31/20181,208181-10335N/A12/31/20171,130163-89267N/A9/30/20171,070-349-160203N/A6/30/20171,050-374-108233N/A3/31/20171,042-769N/A241N/A12/31/2016976-976N/A219N/A9/30/2016959-1,476N/A324N/A6/30/20161,013-3,695N/A501N/A3/31/20161,133-4,463N/A729N/A12/31/20151,244-4,385N/A864N/A9/30/20151,458-3,137N/A1,037N/A6/30/20151,792-624N/A1,105N/A3/31/20152,087469N/A1,146N/A12/31/20142,417635N/A1,223N/A9/30/20142,533362N/A1,234N/A6/30/20142,573195N/A1,199N/A3/31/20142,549380N/A1,307N/A12/31/20132,494410N/A1,361N/A9/30/20132,502434N/A1,397N/A6/30/20132,424418N/A1,385N/A3/31/20132,376499N/A1,388N/A12/31/20122,436525N/A1,411N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0I8A 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -18.5%).수익 vs 시장: 0I8A 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -18.5%).고성장 수익: 0I8A 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 0I8A 의 수익(연간 1.1%)이 UK 시장(연간 4.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0I8A 의 수익(연간 1.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0I8A의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/11/02 23:32종가2023/11/01 00:00수익2023/06/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Denbury Inc.는 26명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel KatzenbergBairdJeffrey RobertsonBarclaysPhillip JungwirthBMO Capital Markets Equity Research23명의 분석가 더 보기
공시 • May 04Denbury Inc. Provides Sales Guidance for the Second Quarter of 2023Denbury Inc. provided sales guidance for the second quarter of 2023. For the second quarter 2023 sales volumes are anticipated to be similar to the first quarter.
공시 • Nov 04Denbury Inc. Provides Earnings Guidance for the Fourth Quarter of 2022Denbury Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, the company expected sales volumes in a range of 47,500 BOE/d to 49,000 BOE/d.
공시 • Aug 05Denbury Inc. Provides Production Guidance for the Year 2022Denbury Inc. provided production guidance for the year 2022. For the year, the company's full-year 2022 production guidance range is unchanged at between 46,000 and 49,000 BOE/d.
공시 • Nov 23Denbury Inc. Files Form 15Denbury Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.001 per share.
공시 • Nov 14Denbury Inc. announced delayed 10-Q filingOn 11/13/2023, Denbury Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Nov 03+ 1 more updateExxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others.Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others for $4.8 billion on July 13, 2023. The acquisition is an all stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. Denbury agrees to pay to ExxonMobil $144,000,000, which equals approximately 3% of the aggregate equity value implied in the transaction in case of termination and If the Merger Agreement is terminated by ExxonMobil because a Specified Pipeline Event has occurred, ExxonMobil agrees to pay Denbury contemporaneously with and as a condition to such termination, a termination fee of $144,000,000, in immediately available funds. The completion of the Merger is subject to satisfaction or waiver of certain customary mutual closing conditions, including, customary regulatory reviews and approvals, approval by Denbury shareholders, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) applicable to the Merger, the effectiveness of the Registration Statement on Form S-4, the authorization for listing on the New York Stock Exchange of the shares to be issued in connection with the Merger. The boards of directors of both companies have unanimously approved the transaction. As of September 12, 2023, Denbury announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. As of October 31, 2023, Denbury shareholder approved the transaction. The transaction is expected to close in the 4th quarter of 2023. As of October 31, 2023, the transaction is expected to close on November 2, 2023. In connection with the Merger, J.P. Morgan Securities LLC and TPH&Co., energy business of Perella Weinberg Partners are acting as lead financial advisors and due diligence provider to Denbury and provided a fairness opinion to the Board of Directors. Denbury will pay the transaction fee to each of J.P. Morgan Securities LLC and TPH&Co. approximately $42.7 million (including the $3 million opinion fee which became payable to each of them upon delivery of their respective fairness opinion to the Denbury board of directors). PJT Partners LP acted as financial advisor, fairness opinion and due diligence provider to the Board of Directors. Steve Gill, Doug McWilliams, David Peck, Lina Dimachkieh, Peter Rogers, David D’Alessandro, Missy Spohn, Kara Kuritz, Hill Wellford, Rick Sofield, John Grand, Elena Sauber, Danielle Patterson, Guy Gribov, Alex Cross, Sean Becker, Alex Bluebond, Matthew Dobbins, Robert Kimball, Katherine Frank and Rajesh Patel of Vinson & Elkins LLP acting as legal counsels and due diligence providers to Denbury. Shanu Bajaj, Jennifer S. Conway, Louis Goldberg, David H. Schnabel, Howard Shelanski and Oliver Smith of Davis Polk & Wardwell LLP acted as legal advisors to ExxonMobil. As compensation for its services in connection with the Merger, PJT Partners is entitled to receive from Denbury a fee of $3 million, which became payable upon the delivery of PJT Partners’ opinion to the Denbury board of directors. Broadridge Corporate Issuer Solutions, Inc. acted as Denbury’s transfer agent. Computershare Trust Company, N.A. is the transfer agent and registrar for ExxonMobil common stock. Denbury has retained Innisfree M&A Incorporated to assist in the solicitation of proxies for a fee expected not to exceed $60,000, plus reasonable out-of-pocket expenses. Exxon Mobil Corporation (NYSE:XOM) completed the acquisition of Denbury Inc. (NYSE:DEN) from The Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., FMR LLC and others on November 2, 2023. In accordance with the terms of the agreement, Christian S. Kendall, Kevin O. Meyers, Anthony M. Abate Caroline G. Angoorly, James N. Chapman, Lynn A. Peterson, Brett R. Wiggs and Cindy A. Yeilding, such members comprising all of the directors of Denbury prior to the close of transaction, resigned as directors of Denbury. Also, each officer of Denbury ceased his or her respective service as an officer of Denbury.
New Risk • Aug 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$1.30 (vs US$3.00 in 2Q 2022)Second quarter 2023 results: EPS: US$1.30 (down from US$3.00 in 2Q 2022). Revenue: US$329.0m (down 32% from 2Q 2022). Net income: US$67.3m (down 57% from 2Q 2022). Profit margin: 21% (down from 32% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% decline forecast for the Oil and Gas industry in the United Kingdom.
공시 • Jul 15Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) for $4.6 billion.Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE:DEN) for $4.6 billion on July 13, 2023. The acquisition is an all stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. The boards of directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. It is also subject to approval by Denbury shareholders. The transaction is expected to close in the 4th quarter of 2023. In connection with the Merger, J.P. Morgan Securities LLC and TPH&Co., energy business of Perella Weinberg Partners are acting as lead financial advisors to Denbury and provided a fairness opinion to the Board of Directors. PJT Partners also provided a fairness opinion to the Board of Directors. Vinson & Elkins LLP is acting as legal counsel to Denbury. Shanu Bajaj Joseph S. Brown, Jennifer S. Conway, Louis L. Goldberg, David H. Schnabel, Howard Shelanski and H. Oliver Smith of Davis Polk & Wardwell LLP acted as legal advisors to ExxonMobil.
공시 • Jul 12Denbury Inc. to Report Q2, 2023 Results on Aug 03, 2023Denbury Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023
Board Change • Jun 29High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • May 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 05First quarter 2023 earnings released: EPS: US$1.73 (vs US$0.017 loss in 1Q 2022)First quarter 2023 results: EPS: US$1.73 (up from US$0.017 loss in 1Q 2022). Revenue: US$341.0m (down 17% from 1Q 2022). Net income: US$89.2m (up US$90.1m from 1Q 2022). Profit margin: 26% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to fall by 3.3% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Oil and Gas industry in the United Kingdom.
공시 • May 04Denbury Inc. Provides Sales Guidance for the Second Quarter of 2023Denbury Inc. provided sales guidance for the second quarter of 2023. For the second quarter 2023 sales volumes are anticipated to be similar to the first quarter.
Board Change • Apr 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: US$9.34 (vs US$1.10 in FY 2021)Full year 2022 results: EPS: US$9.34 (up from US$1.10 in FY 2021). Revenue: US$1.71b (up 36% from FY 2021). Net income: US$480.2m (up US$424.2m from FY 2021). Profit margin: 28% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Oil and Gas industry in the United Kingdom.
Board Change • Feb 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Jan 20Denbury Inc. to Report Q4, 2022 Results on Feb 23, 2023Denbury Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 23, 2023
Board Change • Jan 05High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cindy Yeilding was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$4.89 (vs US$1.62 in 3Q 2021)Third quarter 2022 results: EPS: US$4.89 (up from US$1.62 in 3Q 2021). Revenue: US$439.5m (up 28% from 3Q 2021). Net income: US$250.4m (up 203% from 3Q 2021). Profit margin: 57% (up from 24% in 3Q 2021). Revenue is expected to fall by 3.8% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the United Kingdom.
공시 • Nov 04Denbury Inc. Provides Earnings Guidance for the Fourth Quarter of 2022Denbury Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, the company expected sales volumes in a range of 47,500 BOE/d to 49,000 BOE/d.
공시 • Oct 11Exxon Mobil Reportedly Considers Buying DenburyExxon Mobil Corporation (NYSE:XOM) is considering acquiring Denbury Inc. (NYSE:DEN), Bloomberg News reported on October 10, 2022, citing people familiar with the matter. Shares of Plano, Texas-based energy company Denbury rose 8% on the report. Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal. Denbury was exploring options including a sale, Bloomberg reported in August 2022. Exxon and Denbury did not immediately respond to Reuters request for comment.
공시 • Oct 07Denbury Inc. to Report Q3, 2022 Results on Nov 03, 2022Denbury Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 03, 2022
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$88.81, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 19% over the past year.
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to US$91.39, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 51% over the past year.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: US$3.00 (vs US$1.52 loss in 2Q 2021)Second quarter 2022 results: EPS: US$3.00 (up from US$1.52 loss in 2Q 2021). Revenue: US$482.2m (up 60% from 2Q 2021). Net income: US$155.5m (up US$233.2m from 2Q 2021). Profit margin: 32% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 4.6% compared to a 19% growth forecast for the industry in the United Kingdom.
공시 • Aug 05Denbury Inc. Provides Production Guidance for the Year 2022Denbury Inc. provided production guidance for the year 2022. For the year, the company's full-year 2022 production guidance range is unchanged at between 46,000 and 49,000 BOE/d.
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$69.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 2x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 5.6% over the past year.