Berry Corp. today announced the appointment of Jenarae Garland as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, effective immediately. Ms. Garland brings with her a wealth of industry experience, having served as a key strategic legal partner to executive leadership teams and boards of major energy corporations, including advising on capital markets and commercial and strategic [...]
Berry Corp. today announced it will report fourth quarter and full year 2024 results on Wednesday, March 12, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday morning, March 13, 2025, to discuss these results; details and links are provided below. Earnings Call Information Call Date: Thursday, March 13, 2025 Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time [...]
Berry Corp. today announced the appointment of Jeff Magids as the Company's Vice President, Chief Financial Officer, effective January 21, 2025. Mike Helm will continue in his position as Vice President, Chief Accounting Officer. Jeff's extensive experience, including in finance, capital markets and M&A, enhances the Company's financial and strategic leadership capabilities and underscores the Company's focus on [...]
Berry Corp. announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 , providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder value Extending the Company's debt [...]
Berry Corp. today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for today's earnings call, also accessible by webcast, are listed below. Quarterly Highlights Third quarter production averaged 24,800 BOE per [...]
Berry Corp. today announced it will report third quarter 2024 results on Thursday, November 7, 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: Thursday, November 7, 2024 Call Time: 11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the [...]
Berry Corp. is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 million, reflecting [...]
Berry Corp. announced that its press release issued under the headline "Berry Corporation Reports Second Quarter 2024 Financial and Operating Results" on August 9, 2024, was changed only to correct the record date and payment date for the dividends on its outstanding common stock set forth under the heading "Quarterly Dividends." The dividend amounts have not changed. The dividends will be payable on August 30, 2024, to [...]
Berry Corp. announced second quarter 2024 results and declared quarterly dividends totaling $0.17 per share. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,300 Boe/d, flat to first quarter; above the midpoint of 2024 annual guidance of 25,200 boe/d Cost reductions on pace, highlighted by 11% sequential quarter decrease in Lease Operating Expenses [...]
Berry Corp. today announced it will report second quarter 2024 results on Friday, August 9, 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: Friday, August 9, 2024 Call Time: 8:30 am a.m. Eastern Time / 7:30 a.m. Central Time / 5:30 a.m. Pacific Time Join the live [...]
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 [...]