Denbury (DEN) Stock

Denbury said on Tuesday its shareholders approved the company's merger with Exxon Mobil , with the deal closing expected on Nov. 2.

Here is how Denbury (DEN) and Warrior Met Coal (HCC) have performed compared to their sector so far this year.

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 headline numbers for Denbury (DEN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Denbury (DEN) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.69 per share a year ago.

Exxon made waves in the energy M&A markets by announcing its acquisition of Denbury, Inc. last week. In total, the headline value was around $4.9 billion.

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Exxon Mobil this week announced plans to acquire oil producer Denbury. Denbury also has a business of capturing carbon-dioxide emissions.

On Thursday, U.S.-based oil giant Exxon Mobile Corp. ( XOM , Financial) announced it has agreed to buy carbon capture leader Denbury Inc. ( DEN , Financial) for $4.9 billion, which would make it the company's largest acquisition in six years.