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) is an independent upstream energy company specializing in onshore oil and gas production across California and Utah. This news hub provides investors and industry professionals with a centralized source for official announcements and operational developments.
Track critical updates including earnings reports, strategic acquisitions, and operational milestones. Our curated collection ensures access to verified information directly from the company, supporting informed decision-making for stakeholders.
Key coverage areas include production innovations, financial disclosures, and sustainability initiatives. Bookmark this page for real-time access to BRY's evolving business landscape and value-driven energy sector leadership.
Berry reported first quarter 2024 financial results, achieving solid operational and financial performance. The company produced 25,400 boe/d, declared a fixed dividend of $0.12 per share, acquired greenhouse gas allowances at a discount, signed an agreement for horizontal wells in Utah, and acquired working interest in Kern County, CA. The company maintained strong safety records, issued a Sustainable Business Report, and set goals for methane emissions reduction. Despite a net loss, the company had resilient results with adjusted EBITDA of $69 million. Berry's CFO highlighted cost management savings and plans for debt reduction. Key financials included $166 million in revenues, $11 million in adjusted net income, $27 million cash flow from operations, and $69 million in adjusted EBITDA for the first quarter of 2024. The company maintained liquidity of $149 million as of March 31, 2024. Quarterly dividends of $0.12 per share were declared, payable on May 24, 2024. The company will host an earnings conference call on May 1, 2024.
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