We reported second quarter adjusted net income $138 million, $0.35 a share, adjusted cash flow of $3.62. Both of them ahead of Wall Street consensus estimates. Even though oil prices are lower this quarter than comparative periods, I think it's really neat that adjusted EPS was only down slightly, and adjusted cash flow actually increased as the higher production nearly offset the lower prices, and cash expenses changed only modestly. Of course, as Jack mentioned, these are non-GAAP measures, so be aware of those differences.Read the rest of this transcript for free on seekingalpha.com
Denbury Resources Management Discusses Q2 2012 Results - Earnings Call Transcript
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