9 July 2015substantial holder notice● Neutral
Capital World Investors ** reported a DENBURY INC shareholding of 11,705,928 shares (3.20% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 May 2015quarterly activities report▼ Bad
DENBURY INC reported quarterly revenue of $307.6 million and a net loss of $107.7 million for the period ended 2015-03-31.
6 May 2015quarterly activities report▼ Bad
DENBURY INC reported quarterly revenue of $307.6 million and a net loss of $107.7 million for the period ended 2015-03-31.
28 Apr 2015dividend declaration● Neutral
The board declared a quarterly dividend of $0.0625 per share, payable 30 June 2015 to holders of record on 26 May 2015. The amount is unchanged. This filing is signed by General Counsel James S. Matthews rather than Alan Rhoades.
13 Feb 2015substantial holder notice● Neutral
Capital World Investors ** reported a DENBURY INC shareholding of 30,400,000 shares (8.60% of votes) in a periodic institutional filing.
10 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a DENBURY INC shareholding of 26,729,263 shares (7.58% of votes) in a periodic institutional filing.
9 Feb 2015substantial holder notice● Neutral
BlackRock, Inc reported a DENBURY INC shareholding of 20,878,999 shares (5.90% of votes) in a periodic institutional filing.
30 Jan 2015substantial holder notice● Neutral
Artisan Partners Limited Partnership, Artisan Investments GP LLC, Artisan Partners Holdings LP, Artisan Partners Asset Management Inc., Artisan Partners Funds, Inc. disclosed a new substantial DENBURY INC shareholding (9.00% of votes).
29 Jan 2015dividend declaration● Neutral
The board declared a quarterly dividend of $0.0625 per share, payable 31 March 2015 to holders of record on 24 February 2015. The amount is unchanged.
15 Dec 2014debt financing▲ GoodMajor
Denbury replaced its bank credit agreement, which was due to mature in May 2016, with a new secured revolving facility from JPMorgan Chase and other lenders that runs to 9 December 2019. It has a $3.5 billion maximum size and $3.0 billion initial borrowing base, but lender commitments stay at $1.6 billion, and it carries covenants including debt to EBITDAX below 4.25 to 1. The company's press release says drawn borrowing costs fall by 25 basis points.
7 Nov 2014quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $637.7 million and net income of $268.7 million for the period ended 2014-09-30.
5 Nov 2014quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $637.7 million and net income of $268.7 million for the period ended 2014-09-30.
29 Oct 2014dividend declaration● Neutral
The board declared a quarterly dividend of $0.0625 per share, payable 30 December 2014 to holders of record on 25 November 2014. The amount is unchanged.
7 Aug 2014quarterly activities report▼ Bad
DENBURY INC reported quarterly revenue of $672.1 million and a net loss of $55.2 million for the period ended 2014-06-30.
6 Aug 2014quarterly activities report▼ Bad
DENBURY INC reported quarterly revenue of $672.1 million and a net loss of $55.2 million for the period ended 2014-06-30.
30 July 2014dividend declaration● Neutral
The board declared another quarterly dividend of $0.0625 per share, payable 30 September 2014 to holders of record on 26 August 2014. The amount is unchanged.
12 May 2014quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $641.7 million and net income of $58.3 million for the period ended 2014-03-31.
6 May 2014quarterly activities report● Neutral
DENBURY INC reported quarterly revenue of $641.7 million and net income of $58.3 million for the period ended 2014-03-31.
1 May 2014debt financing● NeutralMajor
Denbury closed the $1.25 billion 5½% Senior Subordinated Notes due 2022 on 30 April 2014 and used the proceeds to buy about $815 million (roughly 82%) of the 8¼% notes due 2020 that were tendered by the deadline. It also called the rest for redemption on 30 May 2014 and discharged that indenture; remaining proceeds are to reduce bank credit facility borrowings and for general corporate purposes. This completes the refinancing announced on 17 April.
30 Apr 2014dividend declaration● Neutral
The board declared the regular quarterly dividend of $0.0625 per share, payable 24 June 2014 to holders of record on 27 May 2014. This is the same amount as the dividend declared in January 2014.
18 Apr 2014securities registration● Neutral
DENBURY INC filed a prospectus supplement for an offering off its existing shelf.
17 Apr 2014securities registration● Neutral
DENBURY INC filed a free-writing prospectus - marketing material for an offering in progress.
17 Apr 2014material agreement● NeutralMajor
Denbury agreed to sell $1.25 billion of 5½% Senior Subordinated Notes due 2022 (closing expected 30 April 2014) and launched a cash tender offer for all $996.273 million of its 8¼% Senior Subordinated Notes due 2020, paying for the purchase with the new notes' proceeds. It also amended its bank credit agreement (15 April 2014) to raise the cap on additional permitted subordinated debt from $650 million to $1.15 billion. Any 8¼% notes not tendered are to be redeemed with the new proceeds, so this refinances existing debt rather than adding new borrowing capacity by itself.
16 Apr 2014securities registration● Neutral
DENBURY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
13 Feb 2014substantial holder notice● Neutral
Capital World Investors ** reported a DENBURY INC shareholding of 23,142,500 shares (6.30% of votes) in a periodic institutional filing.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a DENBURY INC shareholding of 25,467,907 shares (6.94% of votes) in a periodic institutional filing.
29 Jan 2014dividend declaration▲ Good
Denbury's board declared a quarterly cash dividend of $0.0625 per share, payable 25 March 2014 to shareholders of record on 25 February 2014.
28 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a DENBURY INC shareholding of 20,912,758 shares (5.70% of votes) in a periodic institutional filing.
7 Nov 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $102.1 million for the period ended 2013-09-30.
5 Nov 2013quarterly activities report● Neutral
DENBURY INC reported a quarterly net income of $102.1 million for the period ended 2013-09-30.