Berry Corporation Reaffirms a Strong Liquidity Position, Balance Sheet Strength, and Ongoing Free Cash Flow Generation
Berry Corporation (bry) (BRY)
Last berry corporation (bry) earnings: 2/26 09:07 pm
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Source: GlobeNewswire
DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending (“RBL”) facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company’s borrowings outstanding under its RBL facility were $22 million, reflecting a reduction of approximately 57%, or $29 million, since the first quarter of 2024. This reduction included the final payment of $20 million made in July on the 2023 Macpherson transaction. The Company maintains $125 million of available borrowing capacity until the RBL facility matures on August 26, 2025. The Company is actively working to address its debt obligations and is in discussions to extend or refinance its RBL facility. The Company continues to maintai
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News
- Berry Co. (NASDAQ: BRY) had its price target lowered by analysts at Piper Sandler from $7.00 to $5.00. They now have a "neutral" rating on the stock.MarketBeat
- Berry Corp (bry) (BRY) Q3 2024 Earnings Call Highlights: Strong Free Cash Flow and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Berry Corporation Reports Third Quarter 2024 ResultsGlobeNewswire
- Berry Corp (BRY) Q3 2024 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
- 5 Broker Liked Stocks to Keep an Eye on After Recent Analyst Upgrades [Yahoo! Finance]Yahoo! Finance
BRY
Earnings
- 11/7/24 - Miss
BRY
Sec Filings
- 11/20/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- BRY's page on the SEC website