Berry Petroleum (BRY) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 9. ...

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ: BRY) ("Berry" or the "Company") today announced it will report second quarter 2024 results on Friday, August 9, 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. Earnings Call Information Call Date: Friday, August 9, 2024 Call Time: 8:30 am a.m. Eastern Time / 7:30 a.m. Central Time / 5:30 a.m. Pacific Time Join the live l ...

With a focus on innovation, operational excellence, and strategic market penetration, Magnera will have the broadest global product offering in high-growth markets for both polymer and fiber-based product applications. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a commitment to innovation and leadership in the specialty materials industry. Magnera will leverage a broad platform of 46 global manufacturing facilities, offering its customers innovative solutio ...

DUBLIN, Ohio, June 12, 2024 /PRNewswire/ -- This summer, Wendy's® fans can cool off with a new and ohso-refreshing Frosty® treat. Now available nationwide for a limited time, Triple Berry Frosty* is the biggest and juiciest flavor to join Wendy's iconic Frosty lineup yet. Triple Berry Frosty combines three of the freshest fruit flavors of the season – strawberry, blackberry and raspberry – into one sweet summer treat. A Frosty that's just as bright in color as it is in berry flavor, Triple Berry Frosty is t ...

Core Viewpoint - Bri-Chem Corp. reported a significant decline in financial performance for Q1 2024, primarily due to reduced US drilling activity and a lower average rig count, leading to decreased sales and increased net losses compared to the same period in 2023 [1][3][10]. Financial Performance - Consolidated sales for Q1 2024 were $21.4 million, a decrease of 21% from $27.2 million in Q1 2023, attributed to a 19% drop in US drilling activity [2][5]. - Adjusted EBITDA for Q1 2024 was negative $443 thousand, down from $1.6 million in Q1 2023, reflecting a decrease of $2.1 million [2][8]. - The net loss for Q1 2024 was $1.5 million, compared to a net earnings of $265 thousand in Q1 2023, marking a decline of $1.8 million [2][3]. Financial Position - Total assets decreased to $66.2 million from $75.7 million, a reduction of 12% year-over-year [2]. - Working capital as of March 31, 2024, was $14.7 million, down 8% from $15.9 million in the previous year [4]. - Long-term debt slightly decreased to $6.7 million from $6.9 million, a 3% reduction [2]. Segment Performance - Canadian drilling fluids distribution sales were $2.8 million, down from $3.6 million in Q1 2023, due to slowing sales of select commodity items [6]. - US drilling fluids distribution sales fell to $12.6 million from $16.8 million, a 25% decrease, linked to a drop in the average rig count [6]. - Canadian blending and packaging division saw a slight increase in sales to $4.6 million from $4.3 million, while US blending and packaging sales dropped to $1.4 million from $2.5 million [7]. Outlook - North American drilling activity is expected to remain low, with a 19% decrease in US oil and gas rig counts due to falling gas prices [10]. - The Canadian market outlook is more positive, with the completion of the Trans Mountain pipeline expansion anticipated to enhance capacity and access to global markets [10]. - The company plans to implement expense management strategies and focus on new business development and organic growth in response to current market conditions [10]. Banking Facility Amendments - Bri-Chem finalized an amendment with CIBC regarding its senior lending facility due to a covenant breach, which now includes a cumulative budgeted EBITDA covenant tested monthly [9].

Berry Petroleum (BRY) has been beaten down lately with too much selling pressure. While the stock has lost 11.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Despite the volatilities and uncertainties affecting the energy market, upstream businesses benefit from highly favorable oil prices. Additionally, integrated energy players' midstream operations remain robust due to steady fee-based revenues derived from pipeline and storage assets, thereby improving the prospects for the Zacks Oil & Gas US Integrated industry.Leading contenders in the industry poised to capitalize on this favorable business environment include ConocoPhillips (COP) , Marathon Oil Corporati ...

Berry Petroleum (BRY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnin ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Common Stock, par value $0.001 per share BRY Nasdaq Global Select Market Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large ...