Denbury Past Earnings Performance

Past criteria checks 5/6

Denbury has been growing earnings at an average annual rate of 4.1%, while the Oil and Gas industry saw earnings growing at 37.3% annually. Revenues have been growing at an average rate of 3.2% per year. Denbury's return on equity is 28.4%, and it has net margins of 32.4%.

Key information

4.1%

Earnings growth rate

47.0%

EPS growth rate

Oil and Gas Industry Growth	37.3%
Revenue growth rate	3.2%
Return on equity	28.4%
Net Margin	32.4%
Last Earnings Update	30 Jun 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Denbury makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:HGJ1 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 23	1,490	482	94
31 Mar 23	1,643	570	87
31 Dec 22	1,714	480	82
30 Sep 22	1,685	526	91
30 Jun 22	1,589	358	86
31 Mar 22	1,409	125	67
31 Dec 21	1,248	56	80
30 Sep 21	1,093	-118	67
30 Jun 21	943	-1,007	69
31 Mar 21	760	-1,627	92
31 Dec 20	751	-1,483	65
30 Sep 20	864	-1,407	60
30 Jun 20	986	-528	62
31 Mar 20	1,212	317	55
31 Dec 19	1,275	217	64
30 Sep 19	1,303	368	65
30 Jun 19	1,382	374	68
31 Mar 19	1,426	257	70
31 Dec 18	1,474	323	71
30 Sep 18	1,462	275	75
30 Jun 18	1,333	197	81
31 Mar 18	1,208	181	87
31 Dec 17	1,130	163	95
30 Sep 17	1,070	-349	110
30 Jun 17	1,050	-374	108
31 Mar 17	1,042	-769	104
31 Dec 16	976	-976	110
30 Sep 16	959	-1,476	99
30 Jun 16	1,013	-3,695	107
31 Mar 16	1,133	-4,463	123
31 Dec 15	1,244	-4,385	145
30 Sep 15	1,458	-3,137	152
30 Jun 15	1,792	-624	160
31 Mar 15	2,087	469	161
31 Dec 14	2,417	635	158
30 Sep 14	2,533	362	158
30 Jun 14	2,573	195	153
31 Mar 14	2,549	380	150
31 Dec 13	2,494	410	147
30 Sep 13	2,502	434	152
30 Jun 13	2,424	418	155
31 Mar 13	2,376	499	159
31 Dec 12	2,436	525	154

Quality Earnings: HGJ1 has a high level of non-cash earnings.

Growing Profit Margin: HGJ1's current net profit margins (32.4%) are higher than last year (22.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HGJ1 has become profitable over the past 5 years, growing earnings by 4.1% per year.

Accelerating Growth: HGJ1's earnings growth over the past year (34.7%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: HGJ1 earnings growth over the past year (34.7%) exceeded the Oil and Gas industry -56%.

Return on Equity

High ROE: HGJ1's Return on Equity (28.4%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/11/03 00:25
End of Day Share Price	2023/11/01 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Denbury Inc. is covered by 41 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Katzenberg	Baird
Jeffrey Robertson	Barclays
Randy Ollenberger	BMO Capital Markets Equity Research