Buy oil-related stocks like BTY, CNX and ENLC for steady returns as the focus shifts to the incoming Trump administration's energy policies.
Berry Global Group (BERY) is in the middle of a turnaround, with significant actions unlocking shareholder value. The HHNF spinoff helped BERY de-leverage debt, align with its long-term strategy, and rewarded shareholders with a 8% special dividend. The merger with Amcor values BERY at $73.59 per share, presenting a 5% discount opportunity, with potential upside if AMCR's stock increases.
BERY inks a deal to sell its Tapes business for $540 million to focus on core businesses while supporting capital allocation priorities.
Berry successfully addressed its near-term debt maturities. Its new term loan may mature in late 2029 if extended. The term loan has a high interest rate of Term SOFR + 7.5%, though.
BERY is set to be acquired by Amcor to form a global leader in consumer packaging solutions with unmatched innovation and scale.
BERY's fourth-quarter fiscal 2025 net sales increase 3% year over year driven by higher selling prices.
Berry Petroleum (BRY) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago.
Weak refining is hurting the Zacks Oil & Gas US Integrated industry's outlook. WHD, BRY, & EPSN are likely to overcome market challenges.
This company has missed the number in each of the last four quarters and estimates are falling.
Berry's 2026 notes mature in 14.5 months, while its credit facility matures in 11 months. Berry may be able to refinance its notes at a higher interest rate. Assuming that it can manage its debt maturities, Berry's free cash flow generation ability appears strong.
With the help of BERY's knowledge and access to mechanically recycled PET, Lassonde expects to lower greenhouse gas emissions by approximately 94 tonnes of carbon dioxide every year.
.24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 4%.