Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. The company's properties are located in the San Joaquin and Ventura basins, California; Uinta basin, Utah; and Piceance basin, Colorado. As of December 31, 2020, it had a total of 3,763 net producing wells. The company was formerly known as Berry Petroleum Corporation and changed its name to Berry Corporation in February 2020. Berry Corporation was founded in 1909 and is headquartered in Dallas, Texas.
IPO Year: 2018
Exchange: NASDAQ
Website: bry.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2023 | $9.00 | Overweight → Neutral | Piper Sandler |
| 7/17/2023 | $9.00 → $8.00 | Buy → Hold | Jefferies |
| 10/19/2022 | $10.00 | Buy | Jefferies |
| 4/7/2022 | $11.00 → $14.00 | Neutral → Overweight | Piper Sandler |
| 3/10/2022 | $10.00 → $11.00 | Neutral | Piper Sandler |
| 3/9/2022 | $11.00 → $12.00 | Overweight | Keybanc |
| 10/21/2021 | $10.00 → $11.00 | Overweight | Keybanc |
| 10/19/2021 | $9.00 → $10.00 | Overweight | Keybanc |
| 10/14/2021 | $8.00 → $9.00 | Overweight | Keybanc |
| 10/4/2021 | $16.00 | Buy → Accumulate | Johnson Rice |
8-K - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
10-Q - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
SD - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
10-Q - Berry Corp (bry) (0001705873) (Filer)
DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtending the Company's debt maturities enables Berry to execute on strategic growth opportunities that provide scale and geographic diversificationSustaining production at current levels whi
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. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending ("RBL") facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 million, reflecting a reduction of approximately 57%, or $29 million, since the first quarter of 2024. This reduction included the final payment of $20 million made in July on the 2023 Macp
DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced that its press release issued under the headline "Berry Corporation Reports Second Quarter 2024 Financial and Operating Results" on August 9, 2024, was changed only to correct the record date and payment date for the dividends on its outstanding common stock set forth under the heading "Quarterly Dividends." The dividend amounts have not changed. The dividends will be payable on August 30, 2024, to all stockholders of record as of the close of business on August 23, 2024, not payable on August 20, 2024, to all stockholders of record on August 12, 2024, as previously disclosed
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
SC 13G/A - Berry Corp (bry) (0001705873) (Subject)
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4 - Berry Corp (bry) (0001705873) (Issuer)
3 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
4 - Berry Corp (bry) (0001705873) (Issuer)
Piper Sandler downgraded Berry Petroleum from Overweight to Neutral and set a new price target of $9.00
Jefferies downgraded Berry Petroleum from Buy to Hold and set a new price target of $8.00 from $9.00 previously
Jefferies initiated coverage of Berry Petroleum with a rating of Buy and set a new price target of $10.00
Piper Sandler upgraded Berry Petroleum from Neutral to Overweight and set a new price target of $14.00 from $11.00 previously
Piper Sandler reiterated coverage of Berry (bry) with a rating of Neutral and set a new price target of $11.00 from $10.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $12.00 from $11.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $11.00 from $10.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $10.00 from $9.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $9.00 from $8.00 previously
Johnson Rice downgraded Berry (bry) from Buy to Accumulate and set a new price target of $16.00
DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtending the Company's debt maturities enables Berry to execute on strategic growth opportunities that provide scale and geographic diversificationSustaining production at current levels whi
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. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending ("RBL") facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 million, reflecting a reduction of approximately 57%, or $29 million, since the first quarter of 2024. This reduction included the final payment of $20 million made in July on the 2023 Macp
DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced that its press release issued under the headline "Berry Corporation Reports Second Quarter 2024 Financial and Operating Results" on August 9, 2024, was changed only to correct the record date and payment date for the dividends on its outstanding common stock set forth under the heading "Quarterly Dividends." The dividend amounts have not changed. The dividends will be payable on August 30, 2024, to all stockholders of record as of the close of business on August 23, 2024, not payable on August 20, 2024, to all stockholders of record on August 12, 2024, as previously disclosed
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
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver DENVER, July 17, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to publish presentation times and schedules for participating companies on the conference website for the 29th Annual EnerCom Denver – The Energy Investment Conference, to be held August 18-21, 2024, at the Westin Denver Downtown. The four-day conference provides investors unparalleled access and networking opportunities, including one-on-one meetings with company management teams. Meetings are limited to qualified investors, incl
EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free DENVER, June 24, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that the upcoming EnerCom Denver - The Energy Investment Conference will once again include The Energy Transition and Emerging Technology Session featuring quick-pitch investment pitches from promising start-up energy and technology