Berry Corp.

Berry Corp. today announced the acquisition of Basic Energy Services' California operations, which includes the legacy C&J Well Services operations acquired by Basic in March 2020. The acquisition officially closed on October 1, 2021. The acquired businesses will operate as C&J Well Services, LLC, a wholly owned subsidiary of bry. The acquisition creates a strategic growth opportunity for bry. It is a synergistic fit with [...]

Berry Corp. today announced entry into a credit agreement, effective August 26, 2021, for a new Reserve Based Lending facility with a borrowing base of $500 million and $200 million commitment. This new facility replaces the Company's existing credit facility, which was terminated. The Company also announced the open market repurchase of approximately 471,000 shares under its previously announced $100 million share [...]

Berry Corp. today announced that it has entered into an asset purchase agreement as a "stalking horse" bidder to acquire substantially all the assets comprising Basic Energy Services' California business lines in connection with Basic's bankruptcy proceeding filed today. Specifically, under the terms of the APA, bry would acquire Basic's well servicing, specialized completion and remedial services, and water logistics [...]

Berry Corp. announced that it will increase its quarterly common stock dividend to $0.06 per share beginning with the dividend declared by the Board of Directors for the third quarter of 2021. "Berry's solid second quarter results were consistent with our expectations and annual guidance. Since going public in 2018, Berry has remained committed to its disciplined financial principles and delivering long-term value for [...]

Berry Corp. today announced it will report its second quarter 2021 financial results on Tuesday, August 3, 2021, after the close of U.S. financial markets. It will host a conference call on Wednesday, August 4, 2021, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, August 4, 2021 Live Call Time: 9:00 a.m. Eastern Time Live Call Dial-in [...]

Berry Corp. today reported net loss of $21 million or $0.27 per diluted share and Adjusted Net Income of $6 million or $0.07 per diluted share for the first quarter of 2021. The Board of Directors also declared a quarterly dividend of $0.04 per share for the second quarter of 2021. Quarterly Highlights Generated Adjusted EBITDA of $52 million Reduced non-energy OpEx an additional 11% sequentially Increased sequential oil [...]

Berry Corp. today announced it will report its full first quarter 2021 financial results on Tuesday, May 4, 2021 after the close of U.S. financial markets. It will host a conference call on Wednesday, May 5, 2021 to discuss these results. The conference call information is included below. The Company also reported select preliminary first quarter 2021 results today in association with upcoming investor relations [...]

Berry Corp. today reported fourth quarter and full-year 2020 results. For the full year Berry's net loss was $263 million, or $3.29 per diluted share, and Adjusted Net Income was $45 million, or $0.56 per diluted share. For the fourth quarter the net loss was $64 million, or $0.80 per diluted share, and Adjusted Net Income was $9 million, or $0.11 per diluted share. In addition, the Company's Board of Directors approved a [...]

Berry Corp. today announced it will report its fourth quarter and full-year 2020 financial results on Tuesday, February 23, 2021 after the close of U.S. financial markets. Berry will host a conference call on Wednesday, February 24, 2021 to discuss these results: Live Call Date: Wednesday, February 24, 2021 Live Call Time: 9:00 a.m. Eastern Time Live Call Dial-in: 877-491-5169 from the U.S. 720-405-2254 from international [...]

Berry Corp. today reported net loss of $19 million or $0.24 per diluted share and Adjusted Net Income of $13 million or $0.17 per diluted share for the third quarter of 2020. Quarterly Highlights Generated $48 million of Levered Free Cash Flow; on pace for more than $100 million for the year Built cash reserves of nearly $50 million Improved Adjusted EBITDA to $62 million on sustained cost savings and improving price [...]