Berry Corp.

Berry shareholders approved the merger with California Resources at a special general meeting. Around 73% of outstanding shares and 98% of votes cast approved the transaction; Berry shareholders will receive 0.0718 CRC common shares for each Berry share. Closing is expected on December 18, 2025; the takeover is valued at about $717 million including net debt and would leave existing CRC shareholders with roughly 94% of the combined company. Berry reported a net loss of $26 million in Q3/2025 and currently offers a dividend yield of 3.47%. » Więcej na de.investing.com

Berry Corp posted a net loss of $26 million ($0.34 per diluted share) in Q3 2025, compared with a year-ago profit of $70 million. On an adjusted basis the loss was $6 million, or $0.08 per share. The company generated $55 million of operating cash flow, adjusted EBITDA of $49 million and free cash flow of $38 million. Production remained steady at 23,900 barrels of oil equivalent per day, 91% of which was oil, and Berry reduced total debt by about $11 million during the quarter. The board approved a quarterly cash dividend of $0.03 per share, the registration for the merger with California Resources Corporation became effective, and a special shareholders meeting on the transaction is scheduled for Dec. 15. » Więcej na de.investing.com

Berry Petroleum achieved stable production and solid cash flow in the second quarter of 2025, supported by low production declines and a conservative financial strategy. The company is focusing on growth in the Uinta Basin in Utah and benefits from structural advantages at its California assets. Additionally, Berry reported progress in debt reduction, dividend payments, and environmental initiatives. » Więcej na de.investing.com