Berry Corp. announced first quarter 2024 results and declared a fixed dividend. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,400 boe/d, above the midpoint of 2024 annual guidance of 25,200 boe/d Declared first quarter fixed dividends of $0.12 per share Acquired all necessary 2024 California Greenhouse Gas allowances at a 7% discount to the [...]
Berry Corp. today announced it will report first quarter 2024 results on Wednesday, May 1, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date: Wednesday, May 1, 2024 Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live [...]
Berry Corp. announced fourth quarter and full-year 2023 results. For the fourth quarter 2023, Berry's net income was $63 million, or $0.81 per diluted share, Adjusted Net Income was $10 million, or $0.13 per diluted share, and cash flows from operating activities were $79 million. For the full year 2023, Berry's net income was $37 million, or $0.48 per diluted share, Adjusted Net Income was $39 million, or $0.51 per [...]
Berry Corp. today announced select preliminary full year 2023 production and year-end proved reserves data. The Company also reported that it completed a small scale, all cash bolt-on acquisition at year-end 2023 in line with corporate strategy, while reducing revolver debt in the fourth quarter 2023. The Company also scheduled its fourth quarter and full year 2023 financial results release and call; details are included [...]
Berry Corp. announced third quarter 2023 results, including net loss of $45 million or $0.60 per diluted share, Adjusted Net Income of $12 million or $0.15 per diluted share, cash flow from operating activities of $55 million and Adjusted EBITDA of $70 million. Quarterly Highlights Produced 25,300 boe/d, higher than first half 2023, ~30% lower than planned annual capital expenditures Generated Adjusted EBITDA of $70 [...]
Berry Corp. today announced it will report its third quarter 2023 financial results on Wednesday, November 1, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date: Wednesday, November 1, 2023 Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at [...]
Berry Corp. announced today that it has successfully completed the acquisition of Macpherson Energy Corporation, a privately held Kern County, California operator, previously announced in June. The Company has also updated its guidance for the full-year 2023 in connection with the acquisition. "Macpherson's high-quality, low decline oil producing properties are a complementary fit with Berry's existing portfolio and [...]
Final Call for One-on-One Meeting Requests for all Companies by Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals. World Class Energy Companies to Present; Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com Investors, Analysts, and Energy Industry Professionals Can Still Register to [...]
Berry Corp. announced second quarter 2023 results, including net income of $26 million or $0.33 per diluted share, Adjusted Net Income of $12 million or $0.15 per diluted share, cash flow from operating activities of $63 million and Adjusted EBITDA of $69 million. Quarterly Highlights Generated Adjusted EBITDA of $69 million and Adjusted Free Cash Flow of $34 million Delivered strong operational results, with a nearly 7 [...]
Berry Corp. announced today that it has executed a definitive agreement to acquire Macpherson Energy Corporation, a privately held Kern County, California operator, for $70 million in cash, subject to customary purchase price adjustments. The transaction is structured such that $50 million will be paid at closing and the remainder paid in July 2024. This is a value creating transaction for Berry and our shareholders that [...]
Berry Corp. today announced it will report its second quarter 2023 financial results on Wednesday, August 2, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date: Wednesday, August 2, 2023 Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at [...]
Berry Corp. announced first quarter 2023 results, including a net loss of $6 million or $0.08 per diluted share, Adjusted Net Income of $5 million or $0.07 per diluted share, and Adjusted EBITDA of $59 million. Quarterly Highlights Reported Adjusted EBITDA of $59 million Declared first quarter fixed dividends of $0.12 per share, double the quarterly rate from prior year On track to generate 2023 shareholder returns of [...]