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.
DALLAS, April 04, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (BRY) announced it will report its first quarter 2023 financial results on May 3, before U.S. markets open. A conference call will be held the same day at 11:00 a.m. Eastern Time to discuss these results. Interested parties can join the live audio webcast through provided links. For those who wish to participate in the Q&A, preregistration is required to receive dial-in details and a unique PIN. After the live broadcast, an audio replay will be accessible on the company's website.
Berry Corporation (BRY) reported its fourth quarter and full-year 2022 results with a net income of $72 million, or $0.90 per diluted share for Q4, and a total net income of $250 million, or $3.03 per diluted share for the year. Adjusted EBITDA for 2022 stood at $380 million. Shareholder returns amounted to $189 million, including a planned increase in fixed dividends to $0.48 annually starting Q1 2023. However, fourth quarter performance declined from Q3, largely due to lower commodity prices and increased operational costs. Berry expects a slight drop in annual production for 2023, impacted by permit delays, while maintaining a focus on maximizing free cash flow and shareholder returns.
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