Berry Corp Expect 2023 Capex for both Berry and C&J Well Services to be $35M Lower than $103M-$113M Initial Guidance
Portfolio Pulse from Benzinga Newsdesk
Berry Corp has announced that it expects the 2023 capital expenditure for both Berry and C&J Well Services to be $35M lower than the initial guidance of $103M-$113M.
August 04, 2023 | 11:00 am
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NEGATIVE IMPACT
Berry Corp's announcement of a lower than expected 2023 capital expenditure for both Berry and C&J Well Services could potentially impact its stock price.
Lower capital expenditure usually indicates a reduction in future growth prospects, which could negatively impact investor sentiment and potentially lead to a decrease in Berry Corp's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100