BRY - Berry Updates FY23 Guidance Post Macpherson Acquisition Completion | Benzinga
Berry Corporation (NASDAQ: BRY) updated its FY23 Guidance following the completion of the Macpherson Energy Corporation acquisition.
"This transaction is immediately accretive to Berry in both production and cash flows, supports our overall strategic plan to efficiently maintain our California production, and is expected to enhance our cash flows and shareholder returns," stated Fernando Araujo, Berry's Chief Executive Officer.
Berry financed the Macpherson acquisition by cutting ...