Berry Corp.

Berry Corp. today announced it will report its first quarter 2022 financial results on Wednesday, May 4, 2022, before the open of U.S. financial markets. It will also host a conference call on Wednesday, May 4, 2022, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, May 4, 2022 Live Call Time: 11:00 a.m. Eastern Time A live listen-only audio [...]

Berry Corp. today reported fourth quarter and full-year 2021 results. For the fourth quarter the net income was $9 million, or $0.11 per diluted share, and Adjusted Net Income was $10 million, or $0.12 per diluted share. For the full year Berry's net loss was $16 million, or $0.19 per diluted share, and Adjusted Net Income was $21 million, or $0.25 per diluted share. In addition, the Company's Board of Directors approved [...]

Berry Corp. today announced it will report its fourth quarter and full year 2021 financial results on Tuesday, February 22, 2022, after the close of U.S. financial markets. It will host a conference call on Wednesday, February 23, 2022, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, February 23, 2022 Live Call Time: 9:00 a.m. Eastern Time A [...]

Berry Corp. today announced the details of its new shareholder return model, which will go into effect January 1, 2022, and is expected to provide industry-leading returns. This new model is designed to increase cash returns to our shareholders, further demonstrating bry's commitment to be a leading returner of capital to its shareholders. The model is based on our discretionary free cash flow, which is defined as cash [...]

Berry Corp. announced improved third quarter results, including net income of $10 million or $0.12 per diluted share, Adjusted Net Income of $12 million or $0.14 per diluted share, and Adjusted EBITDA of $59.3 million, a 46% increase sequentially. The Board of Directors approved a quarterly common stock dividend of $0.06 per share for the fourth quarter of 2021, and a new total shareholder return model expected to be [...]

Berry Corp. today announced it will report its third quarter 2021 financial results on Tuesday, November 2, 2021, after the close of U.S. financial markets. It will host a conference call on Wednesday, November 3, 2021, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, November 3, 2021 Live Call Time: 9:00 a.m. Eastern Time A live listen-only [...]

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 [...]