Berry corporation (bry) reports improved third quarter 2021 results and announces shareholder return model with potential to generate more than 20% returns annually

Dallas, nov. 02, 2021 (globe newswire) -- berry corporation (bry) (nasdaq: bry) (“berry”, “bry” or the “company”) announced improved third quarter results, including net income of $10 million or $0.12 per diluted share, adjusted net income(1) of $12 million or $0.14 per diluted share, and adjusted ebitda(1) of $59.3 million, a 46% increase sequentially. the board of directors approved a quarterly common stock dividend of $0.06 per share for the fourth quarter of 2021, and a new total shareholder return model expected to be implemented in 2022.
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