Berry Corporation (BRY) Declares $0.04 Quarterly Dividend; 2.6% Yield

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Go back to Berry Corporation (BRY) Declares $0.04 Quarterly Dividend; 2.6% Yield

Berry Corporation (bry) Reports Strong First Quarter 2021 Results on Improved Production, Lower Operating Costs, Gas Purchase Hedging Strategy and Higher Gas Sales; Declares Quarterly Dividend

May 4, 2021 4:05 PM EDT

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%... More