Berry Corporation (BRY) Reports Strong Fourth Quarter and Full Year 2019 Results; Continues to Deliver Top Tier Industry Returns, Achieved Double Digit California Production Growth; Replaced Nearly 300% of California Reserves
(WorldNews Environment)

DALLAS, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (`Berry` or the `Company`) today reported an 18% increase in fourth quarter 2019 production from its California assets over the prior year fourth quarter and it replaced nearly 300% of its California proved reserves. For the full year of 2019, Berry`s net income was $44 million, or $0.53 per diluted share, and Adjusted Net Income(1) was $110 million, or $1.35 per diluted share. For the fourth quarter of 2019, the net loss was $7 million, or $0.09 per diluted share, and Adjusted Net Income was $33 million, or $0.41 per diluted share. In addition, the Board approved a first quarter 2020 dividend of $0.12 per share,...