DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) — Berry Company (bry) (NASDAQ: BRY) (Berry or the Firm) introduced that its press launch issued below the headline Berry Company Experiences Second Quarter 2024 Monetary and Working Outcomes on August 9, 2024, was modified solely to appropriate the document date and cost date for the dividends on its excellent frequent inventory set forth below the heading Quarterly Dividends. The dividend quantities haven’t modified. The dividends will probably be payable on August 30, 2024, to all stockholders of document as of the shut of enterprise on August 23, 2024, not payable on August 20, 2024, to all stockholders of document on August 12, 2024, as beforehand disclosed. The up to date paragraph concerning the second quarter dividends is ready forth in its entirety under. The rest of the press launch stays unchanged.
Quarterly Dividends
The Firm’s Board of Administrators declared dividends totaling $0.17 per share on the Firm’s excellent frequent inventory, consisting of a set dividend of $0.12 per share and variable dividend of $0.05 per share primarily based on the cumulative Adjusted Free Money Move outcomes for the six months ended June 30, 2024. Each dividends are payable on August 30, 2024, to shareholders of document on the shut of enterprise on August 23, 2024.
Ahead-Wanting Statements
The data on this press launch consists of forward-looking statements inside the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. You possibly can sometimes determine forward-looking statements by phrases corresponding to goal, anticipate, achievable, consider, finances, proceed, might, effort, estimate, count on, forecast, purpose, steering, intend, probably, could, may, goal, outlook, plan, potential, predict, challenge, search, ought to, goal, will or would and different comparable phrases that replicate the potential nature of occasions or outcomes. All statements, aside from statements of historic info, included on this press launch that deal with plans, actions, occasions, aims, targets, methods, or developments that the Firm expects, believes or anticipates will or could happen sooner or later, corresponding to these concerning our monetary place; liquidity; our capability to refinance our indebtedness; money flows (together with, however not restricted to, Adjusted Free Money Move); monetary and working outcomes; capital program and improvement and manufacturing plans; operations and enterprise technique; potential acquisition and different strategic alternatives; reserves; hedging actions; capital expenditures; return of capital; our shareholder return mannequin and the cost of future dividends; future repurchases of inventory or debt; capital investments; our ESG technique and the initiation of recent initiatives or enterprise in connection therewith, restoration components; and different steering are forward-looking statements. Precise outcomes could differ from anticipated outcomes, typically materially, and reported outcomes shouldn’t be thought-about a sign of future efficiency. For any such forward-looking assertion that features a assertion of the assumptions or bases underlying such forward-looking assertion, we warning that whereas we consider such assumptions or bases to be cheap and make them in good religion, assumed info or bases at all times range from precise outcomes, typically materially.
Berry cautions you that these forward-looking statements are topic to all the dangers and uncertainties incident to acquisition transactions and the exploration for and improvement, manufacturing, gathering and sale of , NGLs and oil most of that are tough to foretell and lots of of that are past Berry’s management. These dangers embrace, however usually are not restricted to, commodity worth volatility; legislative and regulatory actions which will forestall, delay or in any other case prohibit our capability to drill and develop our belongings, together with with respect to present and/or new necessities within the regulatory approval and allowing course of; legislative and regulatory initiatives in California or our different areas of operation addressing local weather change or different environmental considerations; funding in and improvement of competing or various power sources; drilling, manufacturing and different working dangers; results of competitors; uncertainties inherent in estimating pure gasoline and oil reserves and in projecting future charges of manufacturing; our capability to switch our reserves via exploration and improvement actions or strategic transactions; money stream and entry to capital; the timing and funding of improvement expenditures; environmental, well being and security dangers; results of hedging preparations; potential shut-ins of manufacturing because of lack of downstream demand or storage capability; disruptions to, capability constraints in, or different limitations on the third-party transportation and market takeaway infrastructure (together with pipeline methods) that ship our oil and pure gasoline and different processing and transportation issues; the power to successfully deploy our ESG technique and dangers related to initiating new initiatives or enterprise in connection therewith; our capability to efficiently combine the Macpherson belongings into our operations; we fail to determine dangers or liabilities associated to Macpherson, its operations or belongings; our incapacity to attain anticipated synergies; our capability to efficiently execute different strategic bolt-on acquisitions; total home and international political and financial situations; inflation ranges, together with elevated rates of interest and volatility in monetary markets and banking; adjustments in tax legal guidelines and the opposite dangers described below the heading Merchandise 1A. Danger Components within the Firm’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2023 and subsequent filings with the SEC.
Any forward-looking assertion speaks solely as of the date on which such assertion is made, and we undertake no accountability to appropriate or replace any forward-looking assertion, whether or not because of new data, future occasions or in any other case besides as required by relevant legislation. Buyers are urged to contemplate fastidiously the disclosure in our filings with the Securities and Trade Fee, accessible from us through our web site or through the Investor Relations contact under, or from the SEC’s web site at www.sec.gov.
