Welcome to our dedicated page for Berry Corporation news (Ticker: BRY), a resource for investors and traders seeking the latest updates and insights on Berry Corporation stock.
Berry Corporation (BRY) was a Nasdaq-listed western United States independent upstream energy company focused on onshore, low geologic risk, long-lived oil and gas reserves. Company news and press releases provide insight into its operations in California’s San Joaquin Basin and Utah’s Uinta Basin, as well as its strategic decisions and, ultimately, its merger with California Resources Corporation (CRC).
Historically, Berry’s news flow has covered topics such as quarterly and annual financial and operational results, capital allocation, hedge and liquidity updates, and guidance for production and capital expenditures. Releases frequently highlighted production volumes, oil-weighted asset performance, and the company’s use of hedging to manage commodity price risk and support its capital program.
Another recurring theme in Berry’s announcements was its two-segment structure: exploration and production (E&P) and well servicing and abandonment services. News items described the performance of E&P assets in California and Utah and provided updates on well servicing and abandonment activities delivered through C&J Well Services (CJWS) in California, including services to third-party operators.
More recent news has focused on corporate transactions and governance, including the announcement of an all-stock combination with California Resources Corporation, the terms of the merger agreement, regulatory milestones such as Hart-Scott-Rodino waiting period expiration, shareholder voting results at the special meeting, and the closing of the merger. These items document the transition of Berry from an independent public company to a wholly owned subsidiary of CRC and the associated delisting of BRY from the Nasdaq Global Select Market.
This news page serves as an archive of Berry-related announcements, offering investors and researchers a way to review the company’s historical operating updates, financial disclosures, and the sequence of events leading to its combination with California Resources Corporation.
Berry (NASDAQ: BRY) announced that its stockholders approved a combination with California Resources (NYSE: CRC) at a Special Meeting held on Dec. 15, 2025. Under the merger agreement, Berry holders will receive a fixed exchange ratio of 0.0718 shares of CRC for each Berry share. Preliminary voting showed approval by approximately 73% of total shares outstanding and about 98% of shares voted in favor. The company said final voting results will be filed on a Form 8-K and the transaction closing is expected on Dec. 18, 2025.
Berry Corporation (NASDAQ: BRY) reported third quarter 2025 results and announced a quarterly cash dividend of $0.03 per share payable Dec 4, 2025 (record Nov 18). Production was 23.9 MBoe/d (91% oil). GAAP net loss was $26 million (loss of $0.34 per diluted share); Adjusted Net Loss was $6 million (loss of $0.08). Operating cash flow was $55 million, Adjusted EBITDA $49 million, and Free Cash Flow $38 million. The company paid down ~$11 million of debt in the quarter (YTD reduction ~$34 million). Merger registration with California Resources went effective Nov 3, 2025; shareholder meeting is set for Dec 15, 2025. Liquidity totaled $94 million and term loan outstanding was $416 million. Hedging: 18.2 MBbls/d hedged for remainder of 2025 at <$74.15/Bbl>.
Berry Corporation (NASDAQ: BRY) has released its 2025 Sustainability Report, highlighting significant environmental and operational achievements in 2024. The company has made substantial progress in its sustainability initiatives, including a 50% reduction in Scope 1 methane emissions compared to 2022 levels.
Key achievements include implementing solar infrastructure that offset 20% of electrical demand, increasing recycled water usage to 47%, and reducing freshwater consumption by 17%. The company also reported a 59% reduction in employee Total Recordable Incident Rate since 2022. Berry has aligned its reporting with SASB and TCFD standards, demonstrating its commitment to transparency and climate-related disclosures.
California Resources Corporation (NYSE: CRC) and Berry Corporation (NASDAQ: BRY) have announced a definitive agreement to combine in an all-stock transaction valued at approximately $717 million, including Berry's net debt. The merger will create a stronger California energy leader, with existing CRC shareholders owning approximately 94% of the combined company.
The combined entity will produce approximately 161 thousand barrels of oil equivalent per day (81% oil) and hold 652 million barrels of oil equivalent proved reserves (87% proved developed). The transaction is expected to achieve annual synergies of $80-90 million within 12 months post-closing and will be accretive to key financial metrics with projected second half 2025 per share accretion of more than 10% before synergies.
Under the agreement terms, Berry shareholders will receive 0.0718 shares of CRC common stock for each BRY share, representing a 15% premium. The transaction is expected to close in Q1 2026.
Berry Corporation (NASDAQ: BRY) reported its Q2 2025 financial results, highlighting a net income of $34 million ($0.43 per diluted share) and Adjusted EBITDA of $53 million. The company produced 23.9 MBoe/d (92% oil) and generated operating cash flow of $29 million.
Key achievements include $11 million debt reduction in Q2 (total $23 million year-to-date), maintaining a quarterly dividend of $0.03 per share, and hedging 71% of oil volumes for remainder of 2025 at $74.59/Bbl. The company reaffirmed its FY25 guidance and reported favorable hedge positions protecting cash flows.
Berry completed its full-year drilling activity and expects production growth through year-end, particularly from four horizontal Uinta wells coming online in August. The company maintains $101 million in liquidity and expects to fund its 2025 capital program through operational cash flow.
Berry Corporation (NASDAQ: BRY) has scheduled its second quarter 2025 earnings release and conference call. The company will release Q2 2025 results on Wednesday, August 6, 2025, after U.S. market close.
A conference call and webcast will be held on Thursday, August 7, 2025, at 11:00 a.m. Eastern Time. Investors can access the live audio webcast through Berry's website or participate in the Q&A session by pre-registering for the call. An audio replay will be available shortly after the broadcast on the company's investor relations website.
Berry (BRY) has strengthened its hedge and liquidity position, demonstrating financial resilience in the current commodity market. The company increased its average hedged price by $6 per barrel on 2.3 MBbls/d for 2026 and 2027. Oil volumes are now 73% hedged for remainder of 2025 at $74.69/Bbl Brent and 63% hedged for 2026.
The company's mark-to-market position for crude oil stands at $105 million as of April 21, 2025. Berry's liquidity reached $120 million as of March 31, 2025, including $39 million in cash and cash equivalents, $49 million in available revolving credit, and $32 million in delayed draw borrowings. As of April 22, 2025, total liquidity was $119 million with $14 million in letters of credit.
CEO Fernando Araujo emphasized that Berry's favorable hedge position aligns with their strategy to deliver sustainable cash flow through commodity price cycles, supported by shallow decline rate and low capital intensity assets.
Berry (BRY) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results on Thursday, May 8, 2025, before U.S. financial markets open.
A conference call and webcast will follow on the same day at 11:00 am Eastern Time (10:00 am Central Time / 8:00 am Pacific Time). Investors can participate through a live listen-only audio webcast or join via phone using the toll-free number (800) 715-9871 with passcode 6035522.
The audio replay will be available shortly after the broadcast and archived on the company's investor relations website.
Berry (BRY) has appointed Jenarae Garland as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, effective immediately. Garland joins Berry with extensive industry experience from her previous roles at major energy corporations.
Prior to this appointment, Garland served as Deputy General Counsel, Corporate and Assistant Corporate Secretary at Phillips 66, and previously held leadership positions at Occidental Petroleum , including Assistant General Counsel for Oxy Low Carbon Ventures. She began her career at Vinson & Elkins LLP, focusing on energy industry clients.
CEO Fernando Araujo expressed confidence that Garland's appointment will help accelerate growth, drive high-performance culture, and create long-term value for the company and stakeholders. Garland holds a BS in Communications from the University of Texas at Austin and graduated magna cum laude from Tulane University Law School.