Streetbeat News

BRY

Berry Corporation

https://www.bry.com

Industry

Oil & Gas Exploration & Production

Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. It operates in two segments, Development and Production, and Well Servicing and Abandonment. The company's properties are located in the San Joaquin and Ventura basins, California; and Uinta basin, Utah. As of December 31, 2021, it had a total of 3,417 net productive 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.

Open

4.14

Mkt cap

315M

Volume

1.2M

High

4.16

P/E Ratio

3.80

52-wk high

8.88

Low

4.01

Div yield

0.18

52-wk low

3.87

Berry Global has agreed to sell its Specialty Tapes business to Nautic Partners for $540 million. This move is part of Berry Global's strategy to focus on its core businesses and support its capital allocation priorities.

Portfolio Pulse from

November 26, 2024 | 4:00 pm

Berry Global Group, Inc. has announced an agreement to sell its Specialty Tapes business to Nautic Partners for approximately $540 million. This move aligns with Berry's broader strategic goals.

Portfolio Pulse from

November 26, 2024 | 1:45 am

Berry Corporation has successfully managed its near-term debt maturities by securing a new term loan, which may mature in late 2029 if extended. The loan carries a high interest rate of Term SOFR + 7.5%.

Portfolio Pulse from

November 22, 2024 | 7:45 pm

Berry Global (BERY) is set to be acquired by Amcor in an all-stock deal, creating a global leader in consumer packaging solutions with enhanced innovation and scale.

Portfolio Pulse from

November 21, 2024 | 2:30 pm

Berry Global's Q4 fiscal 2025 earnings exceeded expectations with a 3% year-over-year increase in net sales, driven by higher selling prices.

Portfolio Pulse from

November 20, 2024 | 5:15 pm

Rowley Law PLLC is investigating potential securities law violations by Berry Global Group, Inc. and its board regarding a proposed acquisition by Amcor plc. Berry Global shareholders will receive 7.25 shares of Amcor for each Berry share.

Portfolio Pulse from

November 19, 2024 | 11:15 pm

Bri-Chem Corp. reported a significant decline in its financial performance for Q3 2024, with sales dropping by 18% and adjusted EBITDA falling by 44% compared to the previous year. The company also reported a net loss, highlighting challenges in the oilfield chemical distribution sector.

Portfolio Pulse from

November 14, 2024 | 11:15 pm

Berry Petroleum (BRY) reported Q3 earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15. This is a slight decrease from the $0.15 per share reported a year ago.

Portfolio Pulse from

November 07, 2024 | 3:15 pm

Berry Corporation reported its third quarter 2024 results, announced debt refinancing, new opportunities in the Uinta Basin, and declared a quarterly dividend.

Portfolio Pulse from

November 07, 2024 | 12:15 pm

Berry Corporation has reaffirmed its strong liquidity position with $94 million available in borrowing capacity under its reserve-based lending facility and $11 million in cash as of August 23.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 10:34 am

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