BERRY CORPORATION


Associated tags: Well, Bry, PIN, Central Time, Public expenditure, State Administrative Expenses, Ratio, Tax, Airline

Locations: ILLINOIS, OR, DO, III, BAKERSFIELD, CA, US, SAN JOAQUIN, CALIFORNIA

Berry Corporation to Report First Quarter 2024 Results and Hold Conference Call May 1

Retrieved on: 
Wednesday, April 3, 2024

11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time

Key Points: 
  • 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time
    If you would like to ask a question on the live call, please preregister at any time using the following link:
    Once registered, you will receive the dial-in numbers and a unique PIN number.
  • You may then dial-in or have a call back.
  • When you dial in, you will input your PIN and be placed into the call.
  • If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.

Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.

Key Points: 
  • DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.
  • The Company's average daily production in the fourth quarter 2023 increased 2% to 25,900 boe/d, compared to third quarter volumes.
  • Company-wide realized oil price, including hedging effects, was $72.65 per bbl for the fourth quarter 2023 compared to $73.13 per bbl in the third quarter 2023.
  • General and administrative expenses (“G&A”) remained flat in the fourth quarter 2023 compared to the third quarter 2023.

Berry Corporation Releases Select Preliminary 2023 Results and Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call for March 6

Retrieved on: 
Thursday, January 18, 2024

DALLAS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ: BRY) (“Berry”, or the “Company”) today announced select preliminary full year 2023 production and year-end proved reserves data.

Key Points: 
  • DALLAS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ: BRY) (“Berry”, or the “Company”) today announced select preliminary full year 2023 production and year-end proved reserves data.
  • The Company also reported that it completed a small scale, all cash bolt-on acquisition at year-end 2023 in line with corporate strategy, while reducing revolver debt in the fourth quarter 2023.
  • The Company also scheduled its fourth quarter and full year 2023 financial results release and call; details are included below.
  • If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.

Pomerantz LLP and The Rosen Law Firm, P.A. Announce Notice of Pendency of Class Action For All Persons and Entities That Purchased or Otherwise Acquired Berry Corporation's Common Stock Pursuant and/or Traceable To Berry's Registration Statement Issued In

Retrieved on: 
Thursday, November 30, 2023

YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THIS ACTION.

Key Points: 
  • YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THIS ACTION.
  • The Court may change the date of the Settlement Hearing, or hold it telephonically or via videoconference, without providing another notice.
  • You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
  • PLEASE DO NOT CONTACT THE COURT, DEFENDANTS, OR
    DEFENDANTS' COUNSEL REGARDING THIS NOTICE.

Berry Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

The Company's average daily production in the third quarter 2023 was 25,300 boe/d compared to 25,900 boe/d in the second quarter 2023 and 25,100 boe/d in the first half of 2023.

Key Points: 
  • The Company's average daily production in the third quarter 2023 was 25,300 boe/d compared to 25,900 boe/d in the second quarter 2023 and 25,100 boe/d in the first half of 2023.
  • Company-wide realized oil price, including hedging effects, was $73.13 per bbl for the third quarter 2023 compared to $69.87 per bbl in the second quarter 2023.
  • Taxes, other than income taxes, increased 31%, in the third quarter 2023 compared to the second quarter 2023 due to higher non-cash mark-to-market prices for greenhouse gas (“GHG”) allowances in the third quarter compared to the second quarter.
  • General and administrative expenses (“G&A”) decreased 7% in the third quarter 2023 compared to the second quarter 2023.

Berry Corporation to Report Third Quarter 2023 Results and Hold Conference Call November 1

Retrieved on: 
Wednesday, October 4, 2023

11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time

Key Points: 
  • 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time
    If you would like to ask a question on the live call, please preregister at any time using the following link:
    Once registered, you will receive the dial-in numbers and a unique PIN number.
  • You may then dial-in or have a call back.
  • When you dial in, you will input your PIN and be placed into the call.
  • If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.

Berry Corporation Completes Acquisition of Macpherson Energy Corporation, Updates Annual Guidance

Retrieved on: 
Monday, September 18, 2023

(2) Expenses from field operations include lease operating expenses, electricity generation expenses, transportation expenses, and marketing expenses.

Key Points: 
  • (2) Expenses from field operations include lease operating expenses, electricity generation expenses, transportation expenses, and marketing expenses.
  • (4) Natural gas purchase hedge settlements is the cash (received) or paid from these derivatives on a per boe basis.
  • (6) Adjusted General & Administrative expenses and Well Servicing and Abandonment Segment Adjusted EBITDA are non-GAAP financial measures.
  • Non-GAAP forward-looking measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

Berry Corporation Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023

The Company's average daily production increased in the second quarter 2023 to 25,900 boe/d compared to 24,300 boe/d in the first quarter 2023.

Key Points: 
  • The Company's average daily production increased in the second quarter 2023 to 25,900 boe/d compared to 24,300 boe/d in the first quarter 2023.
  • Taxes, other than income taxes, increased 22%, in the second quarter 2023 compared to the first quarter 2023 due to higher mark-to-market prices for greenhouse gas (“GHG”) allowances in the second quarter.
  • General and administrative expenses decreased 29% in the second quarter 2023 compared to the first quarter 2023, in large part due to non-recurring executive transition and workforce reduction costs that occurred in the first quarter 2023.
  • The income for the well servicing and abandonment business, C&J Well Services, increased 129% to $5 million in the second quarter 2023 compared to the first quarter 2023, due to increased activity in the second quarter compared to the first quarter which had been impacted by weather-related customer demand.

Berry Corporation Announces Acquisition of Macpherson Energy Corporation

Retrieved on: 
Monday, July 17, 2023

DALLAS, July 17, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced today that it has executed a definitive agreement to acquire Macpherson Energy Corporation, a privately held Kern County, California operator, for $70 million in cash, subject to customary purchase price adjustments.

Key Points: 
  • DALLAS, July 17, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced today that it has executed a definitive agreement to acquire Macpherson Energy Corporation, a privately held Kern County, California operator, for $70 million in cash, subject to customary purchase price adjustments.
  • The transaction is structured such that $50 million will be paid at closing and the remainder paid in July 2024.
  • (1)
    This acquisition is expected to close in the third quarter of 2023, subject to customary terms and conditions.
  • Guggenheim Securities, LLC acted as exclusive financial advisor and Vinson & Elkins LLP acted as legal counsel to Berry.

Berry Corporation (bry) to Report Second Quarter 2023 Results and Hold Conference Call August 2

Retrieved on: 
Monday, July 3, 2023

11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time

Key Points: 
  • 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time
    If you would like to ask a question on the live call, please preregister at any time using the following link:
    Once registered, you will receive the dial-in numbers and a unique PIN number.
  • You may then dial-in or have a call back.
  • When you dial in, you will input your PIN and be placed into the call.
  • If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.