Berry Petroleum Corporation Stock News

DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the “Transactions”), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy:

Berry successfully addressed its near-term debt maturities. Its new term loan may mature in late 2029 if extended. The term loan has a high interest rate of Term SOFR + 7.5%, though.

Berry Corporation (BRY) Q3 2024 Earnings Call Transcript

Refinances Debt, Announces Uinta Basin Opportunities, and Declares Quarterly Dividend Refinances Debt, Announces Uinta Basin Opportunities, and Declares Quarterly Dividend

24/7 Wall Street Insights NASDAQ was founded in 1971 as an automated quote stock exchange alternative to the New York Stock Exchange, and now has more listings than the NYSE.

DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report third quarter 2024 results on Thursday, November 7, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below.

Berry's 2026 notes mature in 14.5 months, while its credit facility matures in 11 months. Berry may be able to refinance its notes at a higher interest rate. Assuming that it can manage its debt maturities, Berry's free cash flow generation ability appears strong.

.24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 4%.