Berry Petroleum (BRY) Declares $0.12 Quarterly Dividend; 4.3% Yield
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Berry Petroleum Reports First Quarter 2019 Results; Announces Quarterly Dividend
May 8, 2019 5:00 PM EDTDALLAS, May 08, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (Berry or the Company) today reported a net loss of $34 million or $0.42 per diluted share and adjusted net income of $24 million or $0.30 per diluted share for the first quarter of 2019. In addition, the Board approved a regular $0.12 per share dividend for the second quarter of 2019.
Highlights for the Quarter
Adjusted EBITDA of $69 million and Unhedged Adjusted EBITDA of $54 million2.2 million shares repurchased; 2.6 million cumulative for $28 million or $10.69/shareCalifornia oil price realizations of 93% of Brent pricing or $59.16/Bbl before hedgingCapital... More