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Stock impact report

Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Berry Corporation (bry) (BRY) 
Last berry corporation (bry) earnings: 2/26 09:07 pm Check Earnings Report
Company Research Source: GlobeNewswire
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 Flow(1) of $55 millionDeclared total fixed and variable dividends of $0.26 per share, a 24% increase over third quarter 2023Acquired highly synergistic working interest in Kern County, CA at year-endProduced 25,900 boe/d supported by development program and accretive acquisitions 2023 Highlights D Show less Read more
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