March 31, 2025 6:03 PM EDT | Source: Bri-Chem Corp. Edmonton, Alberta--(Newsfile Corp. - March 31, 2025) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2024 annual and fourth quarter financial results. | | Three months | | | Twelve months | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | ended | | | ended | | | | | | December 31 | | Change | December 31 | | Change | | | (in '000s exce ...

Berry Global Group, Inc. (BERY) is witnessing solid momentum in the Consumer Packaging North America segment owing to strength in its food, beverage and foodservice end markets. This has led to 10% year-over-year growth in its revenues in first-quarter fiscal 2025 (ended December 2024).Growth in emerging markets and share gains are aiding the company’s Consumer Packaging International segment. The segment’s organic volume increased 1% in the same quarter. The Flexibles segment’s revenues were up 1.8%, drive ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State of incorporation or organization) 16000 Dallas Parkway, Suite 500 Dallas, Texas 75248 (661) 616-3900 (Address of principal executive offices, including zip code Registrant's telephone number, including area code): For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Financial Data and Key Metrics Changes - In 2024, the company generated $292 million of adjusted EBITDA, a 9% increase from 2023, and reduced hedged LOE by 12% [9][35] - The average annual production was 25,400 barrels of oil equivalent per day, consistent with 2023 and near the top of guidance [10] - Adjusted EBITDA for Q4 was $82 million, a 22% increase from Q3 [35] - Total debt at year-end was $450 million, with a leverage ratio of 1.5 times [36] Business Line Data and Key Metrics Changes - The company drilled a total of 56 gross wells in 2024, with 46 in California and 10 in Utah [11] - The thermal diatomite reservoir in California delivered exceptional results, with a reserve replacement ratio of 147% [13][14] - In the Uinta Basin, the company executed a second farm-in to drill an additional 12 horizontal wells [16] Market Data and Key Metrics Changes - The realized oil price for the full year was 92% of Brent [32] - Non-energy LOE was $13.10 per BOE, while energy LOE was $11.21 per BOE on an unhedged basis [34] Company Strategy and Development Direction - The company is focused on unlocking development potential from its thermal diatomite reservoir and expanding its horizontal well development program in the Uinta Basin [8][19] - Plans for 2025 include drilling approximately 50 gross wells and sustaining production levels [11] - The company aims to deploy 40% of its capital to Utah in 2025, up from 25% in 2024 [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to create sustainable value and highlighted a compelling pipeline of opportunities [19][40] - The company is not dependent on the Kern County EIR for its near-term plans, as most of its PUD locations can be accessed through available permitting processes [26][82] - Management noted that the recent results from the Uinta Basin could be transformational for the company [54][86] Other Important Information - The company completed a methane emissions reduction project, achieving an 80% reduction compared to a 2022 baseline [28] - A new CFO, Jeff Majid, joined the company, bringing over 15 years of experience in the oil and gas industry [30] Q&A Session Summary Question: Update on Uinta wells and expectations for the first operated pad - Management discussed the differences in production rates between the first and second farm-in wells, noting the geology is uniform and pressure gradients are similar [48][50] Question: Acquisition environment in California - Management is actively pursuing bolt-on opportunities in California, particularly in Kern County, and is in talks with several small operators [57] Question: Update on joint venture discussions for Utah - Management is in discussions for a potential JV to mitigate capital requirements but is comfortable drilling independently for now [66][68] Question: Impact of recent abandonment legislation in California - The legislation will have minimal impact on Berry but will significantly affect larger operators [70][72] Question: Timeline for permitting processes - Management indicated that the timeline for conditional use permits is similar to the Kern County EIR, likely extending into 2026 [84] Question: Long-term potential for Utah assets - Management highlighted the significant potential in Utah, with the ability to grow production significantly over the next decade [87][88]

Full Year 2024 Highlights Fourth Quarter 2024 Highlights 2025 Outlook PRESS RELEASE For Immediate Release Berry Corporation Reports Fourth Quarter and Full Year 2024 Financial and Operational Results, Year- End Reserves and 2025 Outlook DALLAS, TX - March 12, 2025 (GLOBE NEWSWIRE) – Berry Corporation (bry) (NASDAQ: BRY) ("Berry" or the "Company") today announced financial and operating results for the fourth quarter and full year 2024, as well as a quarterly cash dividend of $0.03 per share. Berry has provi ...

DALLAS, March 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced financial and operating results for the fourth quarter and full year 2024, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck on its results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2024 results, as well as its 2025 outlook, at 10:00 a.m. CT, ...

Group 1: Company Performance - Berry Global Group, Inc. (BERY) has experienced growth across all segments, with the Consumer Packaging North America segment achieving a 10% year-over-year revenue increase in the first quarter of fiscal 2025 [1] - The Consumer Packaging International segment saw a 1% organic volume increase, supported by growth in emerging markets and market share gains [1] - The Flexibles segment's revenues rose by 1.8%, attributed to the recovery in European industrial markets [1] Group 2: Investments and Expansion - The company is investing in advanced equipment technologies and design for circularity, which are expected to enhance long-term competitiveness [2] - In April 2023, Berry Global completed a second manufacturing facility and Global Healthcare Center in Sira, Bangalore, aimed at increasing the supply of healthcare solutions in India and South Asia [3] Group 3: Financial Management - Berry Global utilizes cash flow for acquisitions, dividends, and share repurchases, having paid out $36 million in dividends in the first three months of fiscal 2025 [4] - The company acquired CMG Plastics in October 2024, enhancing its capabilities within the Consumer Packaging North America segment [4] - Berry Global increased its dividend by 12.9% to 31 cents per share, translating to an annual dividend of $1.24 [4] Group 4: Cost and Debt Concerns - The company is facing rising operating costs, with a 1.4% year-over-year increase in cost of sales and an 8.3% increase in selling and administrative expenses in the first quarter of fiscal 2025 [6] - Berry Global's high debt level remains a concern, with current and long-term debt at $7.4 billion at the end of the fiscal first quarter [7]

Core Insights - Berry Corporation (NASDAQ: BRY) has appointed a new CFO with significant expertise in company valuation and investment banking [1] - The company has entered into a new debt refinancing agreement, which is expected to enhance future free cash flow (FCF) generation [1] Company Developments - The new CFO's background in investment banking may provide strategic advantages in financial management and valuation [1] - The debt refinancing agreement is anticipated to improve liquidity, potentially leading to better financial performance in the future [1] Market Context - The article highlights the importance of value investments, particularly in small and mid-cap companies, which are often traded at lower earnings multiples [1] - The focus on dividend yield and earnings multiples suggests a strategy aimed at long-term value creation in the investment landscape [1]

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks, utilizing fundamental analysis and traditional valuation metrics to find undervalued stocks in the market [2]. Company Analysis - Berry (BRY) is currently rated with a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating it is a strong candidate for value investors [4]. - The stock has a P/E ratio of 7.54, significantly lower than the industry average of 13.30, suggesting it may be undervalued [4]. - Over the past year, BRY's Forward P/E has fluctuated between a high of 11.52 and a low of 6.74, with a median of 8.88, indicating variability in its valuation [4]. - BRY's P/CF ratio stands at 1.33, which is attractive compared to the industry's average P/CF of 4.81, further supporting the notion of undervaluation [5]. - The P/CF ratio for BRY has ranged from a high of 3.96 to a low of 1.14 over the past year, with a median of 2.83, reflecting its solid cash outlook [5]. - The combination of these metrics suggests that BRY is likely undervalued and presents an impressive value opportunity in the current market [6].

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...