BRY - Earnings announcements

DALLAS, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced its financial and operational results for the third quarter of 2025, as well as a quarterly cash dividend of $0.03 per share. Due to the pending merger (the "Merger") with California Resources Corporation ("CRC"), Berry will not post supplemental slides or host a conference call to discuss its quarterly results. Highlights Produced 23.9 thousand barrels of oil equivalent per day ("MBoe/d") (91% oil)Brought online operated 4-well horizontal Uinta pad in August; achieved a peak pad IP30 rate of 4,000 Boe/d (93% oil)Reported net loss of $26 million, or $0.34 per diluted

Raised Quarterly Dividend by 5% Early Redemption of All Remaining 2026 Senior Notes LONG BEACH, Calif, Nov. 04, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) (CRC) today reported financial and operating results for the third quarter of 2025. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 5, 2025. Conference call details can be found within this release. Third Quarter Highlights Reported net income of $64 million, adjusted net income1 of $123 million and $338 million of adjusted EBITDAX1Generated net cash provided by operating activities of $279 million and $188 million of free cash flow1Delivered 137 thous

Highly Accretive Transaction Across Key Financial Metrics Enhances CRC's Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) ("CRC") and Berry Corporation (NASDAQ:BRY) ("Berry") jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry's net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC's

DALLAS, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced its financial and operational results for the second quarter of 2025, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck summarizing these results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its second quarter 2025 results and latest 2025 outlook, at 10:00 a.m. CT, Thursday, August 7, 2025; access details can be found in this release. Highlights Reaffirmed FY25 guidance; favorable hedge position protects cash flows and liquidity positionProduced 23.9 MBoe/

DALLAS, July 16, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report second quarter 2025 results on Wednesday, August 6, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday, August 7, 2025, to discuss these results; details and links are provided below: Earnings Call Information Call Date: Thursday, August 7, 2025Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time   Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/nngi4arf or at https://bry.com/category/events If you would like to ask a question on the live cal

DALLAS, May 08, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced its financial and operational results for the first quarter of 2025, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck summarizing these results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its first quarter 2025 results and latest 2025 outlook, at 10:00 a.m. CT, Thursday, May 8, 2025; access details can be found in this release. First Quarter 2025 Highlights Reaffirmed FY25 guidance due to favorable hedge pos

DALLAS, April 17, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report first quarter 2025 results on Thursday, May 8, 2025, before the open of U.S. financial markets and will host a conference call and webcast Thursday morning, May 8, 2025, to discuss these results; details and links are provided below: Earnings Call Information Call Date: Thursday, May 8, 2025Call Time:11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/2swb49hy or at https://bry.com/category/events Participant Dial-in To ask a question on the call,

DALLAS, March 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced financial and operating results for the fourth quarter and full year 2024, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck on its results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2024 results, as well as its 2025 outlook, at 10:00 a.m. CT, Thursday, March 13, 2025. Details can be found in this release. Full Year 2024 Highlights Delivered results better than the midpoint of guidance on production, operational expenses

DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report fourth quarter and full year 2024 results on Wednesday, March 12, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday morning, March 13, 2025, to discuss these results; details and links are provided below. Earnings Call Information Call Date: Thursday, March 13, 2025Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time   Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/jocmjm36 or at https://bry.com/category/events If you would like to ask a question

DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for today's earnings call, also accessible by webcast, are listed below. Quarterly Highlights Third quarter production averaged 24,800 BOE per day, with production increasing at the end of the quarter as additional wells were brought onlineAnnual 2024 production expected to reach the mid-po

DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report third quarter 2024 results on Thursday, November 7, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:Thursday, November 7, 2024Call Time:11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time  Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/tysxczje or at https://bry.com/category/events If you would like to ask a question on the live call, p

DALLAS, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced second quarter 2024 results and declared quarterly dividends totaling $0.17 per share. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,300 Boe/d, flat to first quarter; above the midpoint of 2024 annual guidance of 25,200 boe/dCost reductions on pace, highlighted by 11% sequential quarter decrease in Lease Operating ExpensesDeclared second quarter dividends of $0.17 per share, including $0.12/share fixed and $0.05/share variableFour horizontal farm-in wells from the Uinta Basin's prolific Uteland B

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report second quarter 2024 results on Friday, August 9, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:        Friday, August 9, 2024 Call Time:        8:30 am a.m. Eastern Time / 7:30 a.m. Central Time / 5:30 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/pq98oify or at https://bry.com/category/e

DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced first quarter 2024 results and declared a fixed dividend. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,400 boe/d, above the midpoint of 2024 annual guidance of 25,200 boe/dDeclared first quarter fixed dividends of $0.12 per shareAcquired all necessary 2024 California Greenhouse Gas allowances at a 7% discount to the projected costSigned agreement to farm into four horizontal wells immediately offsetting our Uinta Basin, UT acreage; wells expected to be on production by

DALLAS, April 03, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report first quarter 2024 results on Wednesday, May 1, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:Wednesday, May 1, 2024Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time   Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/93zafnyz or at https://bry.com/category/events If you would like to ask a question on the live call, please preregister at

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced fourth quarter and full-year 2023 results. For the fourth quarter 2023, Berry's net income was $63 million, or $0.81 per diluted share, Adjusted Net Income(1) was $10 million, or $0.13 per diluted share, and cash flows from operating activities were $79 million. For the full year 2023, Berry's net income was $37 million, or $0.48 per diluted share, Adjusted Net Income(1) was $39 million, or $0.51 per diluted share, and cash flows from operating activities were $199 million. Fourth Quarter 2023 Highlights Delivered Adjusted EBITDA(1) of $70 million and Adjusted Free Cash Fl

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. The Company currently estimates that total production for the full year 2023 will be approximately 25,300 barrels of oil equivalent per day (boe/d), with about 93% of the pro

DALLAS, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced third quarter 2023 results, including net loss of $45 million or $0.60 per diluted share, Adjusted Net Income(1) of $12 million or $0.15 per diluted share, cash flow from operating activities of $55 million and Adjusted EBITDA(1) of $70 million. Quarterly Highlights Produced 25,300 boe/d, higher than first half 2023, ~30% lower than planned annual capital expendituresGenerated Adjusted EBITDA (1) of $70 million and Adjusted Free Cash Flow (1) of $35 million, both higher than second quarter 2023Declared total fixed and variable dividends of $0.21 per share, a 50% increase o

DALLAS, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report its third quarter 2023 financial results on Wednesday, November 1, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date: Wednesday, November 1, 2023Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/e7iafteg or at https://bry.com/category/events. If you would like to ask a question on the live call, please preregiste

DALLAS, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced second quarter 2023 results, including net income of $26 million or $0.33 per diluted share, Adjusted Net Income(1) of $12 million or $0.15 per diluted share, cash flow from operating activities of $63 million and Adjusted EBITDA(1) of $69 million. Quarterly Highlights Generated Adjusted EBITDA(1) of $69 million and Adjusted Free Cash Flow(1) of $34 millionDelivered strong operational results, with a nearly 7% increase in production over first quarter 2023Repurchased more than 1.4 million shares of common stock at an average price of $7.04 per shareDecl

DALLAS, July 03, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report its second quarter 2023 financial results on Wednesday, August 2, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date:Wednesday, August 2, 2023Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time   Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/yrmp93rj or at   https://bry.com/category/events If you would like to ask a question on the live call, please preregister at any time using the fo

DALLAS, May 03, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced first quarter 2023 results, including a net loss of $6 million or $0.08 per diluted share, Adjusted Net Income(1) of $5 million or $0.07 per diluted share, and Adjusted EBITDA(1) of $59 million. Quarterly Highlights Reported Adjusted EBITDA(1) of $59 millionDeclared first quarter fixed dividends of $0.12 per share, double the quarterly rate from prior yearOn track to generate 2023 shareholder returns of about $130 million, including a cash dividend yield in the high single digitsExecuted cost savings measures with expected full year decreases of approximately 10% for Ad

DALLAS, April 04, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its first quarter 2023 financial results on Wednesday, May 3, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date:Wednesday, May 3, 2023  Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/9mzaqt5m or at   https://bry.com/category/events. If you would like to ask a question on the live call, please preregister at any time using t

DALLAS, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today reported fourth quarter and full-year 2022 results. For the fourth quarter Berry's net income was $72 million, or $0.90 per diluted share, and Adjusted Net Income(1) was $76 million, or $0.95 per diluted share. For the full year Berry's net income was $250 million, or $3.03 per diluted share, Adjusted Net Income(1) was $226 million, or $2.74 per diluted share, and cash flows from operating activities were $361 million. 2022 Highlights Delivered record $189 million of shareholder returns, consisting of: $1.78 per share fixed and variable dividends (inclusive of dividends to be p

DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its fourth quarter and full year 2022 financial results on Wednesday, February 22, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date:Wednesday, February 22, 2023Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/wjwwahmj or at https://bry.com/category/events If you would like to ask a question on the live call, please preregister at any tim

DALLAS, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced third quarter 2022 results, including net income of $192 million or $2.34 per diluted share, Adjusted Net Income(1) of $46 million or $0.55 per diluted share, Adjusted EBITDA(1) of $97 million and cash flows from operating activities of $96 million. The Board of Directors declared dividends on common stock totaling $0.47 per share. Quarterly Highlights Reported Adjusted EBITDA(1) of $97 millionGenerated Discretionary Free Cash Flow(1) of $53 millionRepurchased 2 million shares of common stockDeclared total quarterly dividends of $0.47 per share: $0.41 variable and $0.06 fi

DALLAS, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its third quarter 2022 financial results on Wednesday, November 2, 2022, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information Call Date:Wednesday, November 2, 2022Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/kddpcbsb or at https://bry.com/category/events If you would like to ask a question on the live call, please preregister at any time using the follo

DALLAS, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced second quarter 2022 results, including net income of $43 million or $0.52 per diluted share, Adjusted Net Income(1) of $53 million or $0.64 per diluted share, Adjusted EBITDA(1) of $110 million and cash flows from operating activities of $111 million. The Board of Directors declared dividends on common stock totaling $0.62 per share. Quarterly Highlights Reported Adjusted EBITDA(1) of $110 million, up 15% from Q1 2022Generated Discretionary Free Cash Flow(1) of $74 millionRepurchased 2 million shares of common stockDeclared total quarterly dividends of

DALLAS, July 05, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its second quarter 2022 financial results on Wednesday, August 3, 2022, before the open of U.S. financial markets and host a conference call later that morning to discuss these results. Earnings Call Information  Call Date: Wednesday, August 3, 2022Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/yaxee5u6 or at https://bry.com/category/events If you would like to ask a question on the live call, please preregister at any time using the fo

DALLAS, May 04, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced first quarter 2022 results, including a net loss of $57 million or $0.71 per diluted share, Adjusted Net Income(1) of $43 million or $0.51 per diluted share, and Adjusted EBITDA(1) of $96 million. The Board of Directors declared dividends on common stock totaling $0.19 per share. Quarterly Highlights Reported Adjusted EBITDA(1) of $96 million, up

DALLAS, April 05, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its first quarter 2022 financial results on Wednesday, May 4, 2022, before the open of U.S. financial markets. It will also host a conference call on Wednesday, May 4, 2022, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, May 4, 2022Live Call Time: 11:00 a.m. Eastern Time (8 a.m. Pacific Time)A live listen-only audio webcast will be available at bry.com/category/events If you would like to ask a question, please dial in 15 minutes early to the Live Call Dial-in:Live Call D

DALLAS, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today reported fourth quarter and full-year 2021 results. For the fourth quarter the net income was $9 million, or $0.11 per diluted share, and Adjusted Net Income(1) was $10 million, or $0.12 per diluted share. For the full year Berry's net loss was $16 million, or $0.19 per diluted share, and Adjusted Net Income(1) was $21 million, or $0.25 per diluted share. In addition, the Company's Board of Directors approved a first quarter 2022 dividend of $0.06 per share. 2021 Highlights Generated Adjusted EBITDA(1) of $212 million (hedged) and $300 million (unhedged) for the yearIncreased p

DALLAS, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its fourth quarter and full year 2021 financial results on Tuesday, February 22, 2022, after the close of U.S. financial markets. It will host a conference call on Wednesday, February 23, 2022, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, February 23, 2022Live Call Time: 9:00 a.m. Eastern Time (6 a.m. Pacific Time)A live listen-only audio webcast will be available at bry.com/category/events If you would like to ask a question, please dial in 15 minutes early to the Live

DALLAS, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry", "bry" or the "Company") announced improved third quarter results, including net income of $10 million or $0.12 per diluted share, Adjusted Net Income(1) of $12 million or $0.14 per diluted share, and Adjusted EBITDA(1) of $59.3 million, a 46% increase sequentially. The Board of Directors approved a quarterly common stock dividend of $0.06 per share for the fourth quarter of 2021, and a new total shareholder return model expected to be implemented in 2022. Quarterly Highlights Increased sequential quarterly Adjusted EBITDA(1) by 46% to $59.3 million totaling $152 million YTDCompleted accretive acquis

DALLAS, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its third quarter 2021 financial results on Tuesday, November 2, 2021, after the close of U.S. financial markets. It will host a conference call on Wednesday, November 3, 2021, to discuss these results. The conference call information is included below. Earnings Conference Call Live Call Date: Wednesday, November 3, 2021Live Call Time: 9:00 a.m. Eastern Time (6 a.m. Pacific Time)A live listen-only audio webcast will be available at bry.com/category/events If you would like to ask a question, please dial in 15 minutes early to the Live Call Dial-in

DALLAS, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry", "bry" or the "Company") announced that it will increase its quarterly common stock dividend to $0.06 per share beginning with the dividend declared by the Board of Directors for the third quarter of 2021. "Berry's solid second quarter results were consistent with our expectations and annual guidance. Since going public in 2018, Berry has remained committed to its disciplined financial principles and delivering long-term value for stockholders. In recognition of our strong financial position and continued confidence in Berry's future, the Board has voted to increase the quarterly dividend by 50%. In