BRY - Dividend announcements

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, 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, 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. This is a value creating transaction for Berry and our shareholders that we expect to be fully paid for by mid-year 2024 based on current projections for the pro forma company and $75/barrel Brent pricing. Substantially all of the purchase price will

DALLAS, May 12, 2022 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced that on May 5, 2022, it purchased 2 million shares of its common stock for $22.8 million. This purchase represented 2.5% of outstanding shares and leaves over $127 million available on its repurchase authorization. "We kicked off our new shareholder return model (SRM) with a first quarter cash return of $0.19 per share ($0.13 per share variable dividend and $0.06 per share fixed dividend). Our SRM provides for other return opportunities including investing in organic growth, share repurchases and advancing our short- and long-term sustainability initiatives," said Cary

DALLAS, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced the details of its new shareholder return model, which will go into effect January 1, 2022, and is expected to provide industry-leading returns. This new model is designed to increase cash returns to our shareholders, further demonstrating bry's commitment to be a leading returner of capital to its shareholders. The model is based on our discretionary free cash flow, which is defined as cash flow from operations less regular fixed dividends and the capital needed to hold production flat. Under this new model, the company intends to allocate discretionary free cash flow

DALLAS, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced entry into a credit agreement, effective August 26, 2021, for a new Reserve Based Lending (RBL) facility with a borrowing base of $500 million and $200 million commitment. This new facility replaces the Company's existing credit facility, which was terminated. The Company also announced the open market repurchase of approximately 471,000 shares under its previously announced $100 million share repurchase program. Approximately $47 million remains available currently for future repurchases. "Bry has responsibly run its operations out of Levered Free Cash Flow1 since the c

DALLAS, May 04, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today reported net loss of $21 million or $0.27 per diluted share and Adjusted Net Income(1) of $6 million or $0.07 per diluted share for the first quarter of 2021. The Board of Directors also declared a quarterly dividend of $0.04 per share for the second quarter of 2021. Quarterly Highlights Generated Adjusted EBITDA(1) of $52 millionReduced non-energy OpEx an additional 11% sequentiallyIncreased sequential oil production 3% and total production 2% to 27,100 boe/dImproving sustainable capital efficiency on development programGenerated $16 million of Levered Free Cash Flow(1) Ended th

DALLAS, April 12, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("bry" or the "Company") today announced it will report its full first quarter 2021 financial results on Tuesday, May 4, 2021 after the close of U.S. financial markets. It will host a conference call on Wednesday, May 5, 2021 to discuss these results. The conference call information is included below. The Company also reported select preliminary first quarter 2021 results today in association with upcoming investor relations activities. The Company expects its Adjusted EBITDA(1) (on a hedged basis) for the first quarter of 2021 to be within a range of $46 million to $48 million, generated by improving producti

DALLAS, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported fourth quarter and full-year 2020 results. For the full year Berry's net loss was $263 million, or $3.29 per diluted share, and Adjusted Net Income(1) was $45 million, or $0.56 per diluted share. For the fourth quarter the net loss was $64 million, or $0.80 per diluted share, and Adjusted Net Income(1) was $9 million, or $0.11 per diluted share. In addition, the Company's Board of Directors approved a first quarter dividend of $0.04 per share. Highlights for the Quarter Generated $33 million in Levered Free Cash Flow(1)Restarted development program with two rigs part