Denbury Resources (NYSE: DNR) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Denbury Resources beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share grew significantly.

Gross margins shrank, operating margins expanded, net margins increased.

Revenue details
 Denbury Resources chalked up revenue of $609.2 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $574.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.36. The 20 earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. Non-GAAP EPS of $0.36 for Q4 were 20% lower than the prior-year quarter's $0.45 per share. GAAP EPS of $0.30 for Q4 were 131% higher than the prior-year quarter's $0.13 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 76.1%, much worse than the prior-year quarter. Operating margin was 42.8%, much better than the prior-year quarter. Net margin was 18.8%, much better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $517.6 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $2.38 billion. The average EPS estimate is $1.28.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $21.57.

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