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Berry Corp - BRY STOCK NEWS

Welcome to our dedicated news page for Berry (Ticker: BRY), a resource for investors and traders seeking the latest updates and insights on Berry.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Berry's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Berry's position in the market.

Rhea-AI Summary
Berry (BRY) to Report First Quarter 2024 Results on May 1, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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conferences earnings
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Rhea-AI Summary
Berry Corporation (BRY) announced its fourth quarter and full-year 2023 results, showcasing solid financial performance despite challenges in the energy market. The company reported net income of $63 million for Q4 2023 and $37 million for the full year, with Adjusted Net Income of $10 million and $39 million, respectively. Berry delivered $65 million in shareholder returns, acquired new working interests, and maintained production levels. The company's strategy for 2024 focuses on sustainable free cash flow and value enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
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Rhea-AI Summary
Berry Corporation (NASDAQ: BRY) announced preliminary full year 2023 production and year-end proved reserves data. The company completed a small-scale acquisition and reduced revolver debt in the fourth quarter 2023. Total production for the full year 2023 is estimated to be approximately 25,300 boe/d.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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Rhea-AI Summary
Berry Corporation (bry) announced third quarter 2023 results, including a net loss of $45 million or $0.60 per diluted share. Adjusted Net Income was $12 million or $0.15 per diluted share. The company generated Adjusted EBITDA of $70 million and cash flow from operating activities of $55 million. They produced 25,300 boe/d, higher than the first half of 2023 but ~30% lower than planned annual capital expenditures. Berry also closed on an oil producing acquisition at the end of the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.62%
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Rhea-AI Summary
Berry Corporation (bry) will report its Q3 2023 financial results on November 1, 2023, before the open of U.S. financial markets. A conference call will be held later that morning to discuss these results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
Tags
conferences earnings
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Rhea-AI Summary
Berry Corporation completes acquisition of Macpherson Energy Corporation, expects positive impact on cash flows and shareholder returns.
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End-of-Day
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Rhea-AI Summary
Berry Corporation announces Q2 2023 results, including net income of $26 million and a 7% increase in production. The company repurchased 1.4 million shares of common stock and signed an agreement to acquire Macpherson Energy Corporation for $70 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
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Rhea-AI Summary
Berry Corporation (BRY) Announces Acquisition of Macpherson Energy Corporation for $70 Million in Cash, Expected to Enhance Free Cash Flow and Shareholder Returns. The acquisition of oil producing assets in Kern County, California is part of Berry's disciplined capital returns strategy, aiming to increase future free cash flow generation and returns to shareholders. The transaction is expected to be fully paid for by mid-year 2024 based on current projections for the pro forma company and $75/barrel Brent pricing.
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Rhea-AI Sentiment
End-of-Day
5.58%
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conferences earnings
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-10.47%
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Berry Corp

Nasdaq:BRY

BRY Rankings

BRY Stock Data

640.90M
73.77M
2.24%
91.95%
6.65%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Bakersfield

About BRY

berry petroleum company is an independent energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas. publicly traded since 1987, berry traces its roots in california heavy oil production back to 1909. currently, berry’s principal reserves and producing properties are in california, utah (uinta basin), texas (e. texas, permian basin) and colorado (piceance). at december 31, 2010, the company reported proved reserves of 271 million barrels of oil equivalent (boe), a 15% increase compared to 2009 proved reserves. 2010 proved developed reserves represent 49% of total proved reserves. at year-end 2010, the company’s proved reserve mix includes 166 million barrels of crude oil, condensate and natural gas liquids, and 630 billion cubic feet of natural gas, or 61% oil and 39% natural gas. total production in 2010 averaged 32,700 boe per day.