Denbury Inc - DEN STOCK NEWS

Denbury Inc. (NYSE: DEN) announced its 2021 Corporate Responsibility Report, highlighting sustainability achievements from 2019-2020. The report emphasizes a commitment to transparency, adhering to GRI Standards and SASB recommendations. Key accomplishments include negative Scope 1 and 2 emissions for both years, a 12% reduction in overall emissions since 2018, and the transport of 3 million metric tons of CO₂ annually. Additionally, the Company achieved a 28% reduction in total recordable incident rates and boasts 25% female representation on its Board.

Denbury Inc. (NYSE: DEN) has announced a term sheet with Mitsubishi Corporation for transporting and storing CO₂ from Mitsubishi's planned ammonia project on the Gulf Coast. This agreement aims to support low-carbon initiatives, with Mitsubishi targeting 1 million metric tons of ammonia production by the latter half of the decade, generating approximately 1.8 million metric tons of CO₂ emissions. Denbury will manage the CO₂ transport and sequestration for an initial 20-year term, potentially exceeding 50 million metric tons in total.

Denbury Inc. (NYSE: DEN) has announced that CEO Chris Kendall will present at the Barclays 2021 CEO Energy-Power Conference on September 9, 2021, at 10:20 a.m. Eastern Time. The presentation will be accessible via live webcast on the company's website. Denbury, an independent energy firm, focuses on Carbon Capture, Use, and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. The company aims to offset its total CO₂ emissions by increasing captured industrial-sourced CO₂ usage, currently injecting over three million tons annually.

Denbury reported a net loss of $77.7 million for Q2 2021, with adjusted net income of $33.3 million. Revenues rose 20% to $301 million, driven by improved oil prices averaging $64.70 per barrel. Production increased by 4% to 49,133 BOE/d, aided by recent acquisitions. The company is progressing in its Greencore CO2 Pipeline and completing negotiations for CO2 transport. Denbury plans to maintain its sales volume guidance of 47,500 to 51,500 BOE/d and anticipates a solid cash flow from ongoing projects.

Denbury Inc. (NYSE: DEN) will announce its second quarter 2021 financial results on August 5, 2021, before the market opens. A conference call and webcast will follow at 11:00 a.m. Central Time, where investors can gain insights into the Company’s performance. Denbury focuses on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR), injecting over three million tons of CO₂ annually. The Company aims to offset all its CO₂ emissions by increasing the use of captured industrial-sourced CO₂ in its operations.

Denbury Inc. (NYSE: DEN) announced that CEO Chris Kendall will join a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on June 23, 2021, at 11:10 a.m. CT. Management will also engage in virtual investor meetings. Supplemental materials will be available on Denbury's website on June 22, 2021. The company focuses on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR), injecting over three million tons of industrial-sourced CO₂ annually. Denbury aims to offset its CO₂ emissions within the decade.

Denbury Inc. (NYSE: DEN) announced that CEO Chris Kendall will participate in a virtual fireside chat at the UBS Global Energy Virtual Conference on May 26, 2021, at 12:00 p.m. CT. Senior management will also hold virtual meetings with investors, with supplemental materials available on the Company's website on May 25, 2021. Denbury focuses on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR), injecting over three million tons of industrial-sourced CO₂ annually. The Company's goal is to offset all its CO₂ emissions by the end of the decade.

Denbury Inc. (NYSE: DEN) reported its Q1 2021 financial results, revealing a net loss of $70 million ($1.38/share) despite positive cash flow metrics. Adjusted cash flow from operations was $81 million, and free cash flow reached $59 million. Total revenues increased by 27% to $251 million year-over-year, aided by higher oil prices. Production averaged 47,357 BOE/d, with severe weather reducing volumes temporarily. The company is advancing its CO2 enhanced oil recovery projects and completed the acquisition of new fields, positioning for significant growth in carbon capture solutions.

Denbury Inc. announced the appointment of Nikulas Wood as Senior Vice President to lead its Carbon Solutions team, a move aimed at enhancing its Carbon Capture, Use and Storage (CCUS) business. This selection follows an extensive search and reflects Denbury's strategy to capitalize on the growing demand for CCUS solutions. The company operates over 1,000 miles of CO₂ pipelines and aims to expand its storage capacity significantly. This strategic expansion is expected to generate new cash flows and establish Denbury as a leader in the evolving CCUS industry.