Denbury Inc.

NYSE:DEN 주식 리포트

시가총액: 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 경영진

경영진 기준 점검 3/4

Denbury CEO는 Chris Kendall, Oct2016 에 임명되었습니다 의 임기는 7.08 년입니다. 총 연간 보상은 $6.89M, 11.2% 급여 및 88.8% 보너스(회사 주식 및 옵션 포함)로 구성됩니다. 는 $68.53M 가치에 해당하는 회사 주식의 1.5% 직접 소유합니다. 경영진과 이사회의 평균 재임 기간은 5.9 년과 3.2 년입니다.

핵심 정보

Chris Kendall

최고경영자

US$6.9m

총 보수

CEO 급여 비율11.20%
CEO 재임 기간7.1yrs
CEO 지분 보유율1.5%
경영진 평균 재임 기간5.9yrs
이사회 평균 재임 기간3.2yrs

최근 경영진 업데이트

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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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).

CEO 보수 분석

Chris Kendall의 보수는 Denbury의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Jun 30 2023n/an/a

US$482m

Mar 31 2023n/an/a

US$570m

Dec 31 2022US$7mUS$772k

US$480m

Sep 30 2022n/an/a

US$526m

Jun 30 2022n/an/a

US$358m

Mar 31 2022n/an/a

US$125m

Dec 31 2021US$2mUS$772k

US$56m

Sep 30 2021n/an/a

-US$118m

Jun 30 2021n/an/a

-US$1b

Mar 31 2021n/an/a

-US$2b

Dec 31 2020US$22mUS$743k

-US$1b

Sep 30 2020n/an/a

-US$1b

Jun 30 2020n/an/a

-US$528m

Mar 31 2020n/an/a

US$317m

Dec 31 2019US$5mUS$824k

US$217m

Sep 30 2019n/an/a

US$368m

Jun 30 2019n/an/a

US$374m

Mar 31 2019n/an/a

US$257m

Dec 31 2018US$6mUS$775k

US$323m

Sep 30 2018n/an/a

US$275m

Jun 30 2018n/an/a

US$197m

Mar 31 2018n/an/a

US$181m

Dec 31 2017US$4mUS$639k

US$163m

Sep 30 2017n/an/a

-US$349m

Jun 30 2017n/an/a

-US$374m

Mar 31 2017n/an/a

-US$769m

Dec 31 2016US$4mUS$538k

-US$976m

보상 대 시장: Chris의 총 보수(USD6.89M)는 US 시장에서 비슷한 규모 기업의 평균(USD7.03M) 수준입니다.

보상과 수익: Chris의 보상은 지난 1년 동안 20% 이상 증가했습니다.

CEO

Chris Kendall (56 yo)

7.1yrs
재임 기간
US$6,893,021
보수

Mr. Christian S. Kendall, also known as Chris, has been Chief Executive Officer of Denbury Inc. since July 01, 2017 and has been its President since October 3, 2016. Mr. Kendall served as the Chief Operati...

리더십 팀

이름직위재임 기간보수지분
Christian Kendall
President7.1yrsUS$6.89m1.5%
$ 68.5m
Mark Allen
Executive VP14.4yrsUS$3.59m0.57%
$ 25.9m
David Sheppard
Executive VP & COO5.9yrsUS$2.20m0.022%
$ 1.0m
James Matthews
Executive VP11.8yrsUS$2.20m0.30%
$ 13.7m
Nicole Jennings
VP & Chief Accounting Officer2.8yrs데이터 없음0.12%
$ 5.4m
Matthew Dahan
Senior Vice President of Business Development & Technology5.9yrs데이터 없음데이터 없음
Brad Whitmarsh
Executive Director of Investor Relation2.7yrs데이터 없음데이터 없음
Jenny Cochran
Senior Vice President of Business Services2.8yrs데이터 없음데이터 없음
Nikulas Wood
Senior Vice President – CCUS2.6yrs데이터 없음데이터 없음
5.9yrs
평균 재임 기간
54.5yo
평균 나이

경험이 풍부한 관리: DEN의 경영진은 노련하고 경험이 풍부합니다(평균 재임 5.9 년).

이사회 구성원

이름직위재임 기간보수지분
Christian Kendall
President6.4yrsUS$6.89m1.5%
$ 68.5m
Kevin Meyers
Independent Chairman12.3yrsUS$397.88k0.0076%
$ 348.0k
James Chapman
Independent Director3.2yrsUS$267.46k0.0076%
$ 344.8k
Lynn Peterson
Independent Director6.5yrsUS$253.71k0.0076%
$ 344.8k
Caroline Angoorly
Independent Director3.2yrsUS$258.71k0.0076%
$ 344.8k
Brett Wiggs
Independent Director3.2yrsUS$262.46k0.0076%
$ 344.8k
Anthony Abate
Independent Director3.2yrsUS$274.96k0.0076%
$ 344.8k
Cindy Yeilding
Independent Director2.7yrsUS$258.71k0.0076%
$ 344.8k
3.2yrs
평균 재임 기간
60yo
평균 나이

경험이 풍부한 이사회: DEN의 이사회는 경험이 있음으로 간주됩니다(평균 재임 3.2 년).

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2023/11/03 09:28
종가2023/11/01 00:00
수익2023/06/30
연간 수익2022/12/31

데이터 소스

당사의 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 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

Denbury 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.

분석가기관
Daniel KatzenbergBaird
Jeffrey RobertsonBarclays
Phillip JungwirthBMO Capital Markets Equity Research