Denbury Resources posts higher profit in 3Q

DALLAS 
Oil and gas company Denbury Resources said Thursday its profit grew 8.3 percent in the third quarter as oil and natural gas sales propelled revenue to more than double from a year earlier.

The company reported net income of $29.1 million, or 7 cents a share, for the three months ended Sept. 30. That compares with net income of $26.9 million, or 11 cents a share on fewer shares outstanding, in the prior-year quarter.

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Source: Bloomberg