Berry Petroleum Corp.

Berry Corp. is an energy exploration company. The firm engages in the acquisition, exploration, development, and production of domestic oil and natural gas reserves. It also operates in California, Utah, and Colorado. The company was founded by C. J. Berry in 1909 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Berry Petroleum Corp. reports strong 2022 performance and strategic growth plans

Berry Petroleum Corp. showcased robust financial and operational performance in 2022, emphasizing shareholder returns and operational efficiencies. Despite facing regulatory hurdles and an expected production decline in 2023, the company remains focused on optimizing production and delivering value to shareholders.

Berry Petroleum Corp. reports solid Q1 results and plans investor returns

Berry Petroleum Corp. delivered Q1 results in line with expectations, focusing on shareholder returns and cost-saving measures.
Despite challenges from lower oil prices and higher expenses, Berry remains committed to optimizing production and maximizing shareholder value.
The company's strengths lie in its high-quality assets, strategic focus on acquisitions, and commitment to environmental and safety standards.
Opportunities in M&A, expansion in the California market, and service business growth position Berry for future value creation and market capture.

Berry Petroleum Corp. reports strong Q2 performance and growth outlook

Berry Petroleum Corp. delivered a strong performance in Q2 2023, with a focus on strategic execution and financial discipline.
The pending acquisition of Macpherson Energy is expected to drive free cash flow growth and align with the company's capital return strategy.
Despite potential challenges in integration and regulatory navigation, Berry remains confident in its ability to deliver value to shareholders and pursue growth opportunities.

Berry Petroleum Corp. reports robust Q3 earnings and eyes growth opportunities

Berry Petroleum Corp. delivered strong financial performance in Q3, driven by cost efficiencies and strategic acquisitions. The company is poised for growth through operational improvements and expansion into new markets.

Berry Petroleum Corp. reports robust Q4 performance and eyes growth opportunities

Berry Petroleum Corp.'s Q4 2023 earnings call highlighted a strong financial performance, operational excellence, and a focus on shareholder returns. The company's strategic approach to reservoir management, acquisitions, and cost reduction sets a positive trajectory for future growth and value creation.

Berry Petroleum Corp. reports robust Q1 performance amidst growth focus

Berry Petroleum Corp. delivered solid financial and operational performance in Q1 2024, emphasizing efficiency, growth, and sustainability.
While facing challenges like litigation and market dynamics, Berry remains focused on optimizing operations and seizing growth opportunities.
With a strategic roadmap for 2024 and a commitment to responsible practices, Berry is poised to navigate challenges and capitalize on industry trends.

Berry Petroleum Corp. reports strong Q2 earnings and eyes growth

Berry Petroleum Corp. delivered a robust performance in Q2 2024, driven by strong financial results and successful drilling activities. The company's focus on safety, environmental responsibility, and growth opportunities positions it well for sustainable success in the oil and gas sector.

Berry Petroleum Corp. reports robust Q3 performance and strategic growth plans

Berry Petroleum Corp.'s Q3 2024 Earnings Call showcased strong operational and financial performance, underpinned by successful initiatives and strategic planning. The company is navigating challenges while capitalizing on opportunities for growth and value creation in the energy sector.

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Berry Corp. is an energy exploration company, which engages in the acquisition, exploration, development, and production of domestic oil and natural gas reserves. It operates through the Exploration and Production (E&P) and Well Servicing and Abandonment segments. The E&P segment consists of the development and production of onshore, low geologic risk, long-lived conventional oil and gas reserves, primarily located in California, as well as Utah. The Well Servicing and Abandonment segment is involved in the wellsite services in California to oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics. The company was founded by C. J. Berry in 1909 and is headquartered in Dallas, TX.

Berry made a $70 million acquisition of Macpherson Energy.`. This gives it another 2,400 BOEPD (100% oil) in production at a 2.7x multiple to adjusted EBITDA at $75 Brent. Operating costs for the acquired assets appear to be around $36 per barrel.

Berry Corporation Turns To Acquisitions To Offset Permitting Challenges

Attractively Priced Acquisition of Oil Producing Assets Reflects Disciplined Capital Returns Strategy to Deliver Enhanced Free Cash Flow Attractively Priced Acquisition of Oil Producing Assets Reflects Disciplined Capital Returns Strategy to Deliver Enhanced Free Cash Flow

Berry Corporation Announces Acquisition of Macpherson Energy Corporation

DALLAS, July 03, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report its second quarter 2023 financial results on Wednesday, August 2, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results.

Berry Corporation (bry) to Report Second Quarter 2023 Results and Hold Conference Call August 2

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Berry Corporation seems to be linked to the Brent price more than any other metric. High fuel gas prices crushed the recent quarter, but things have improved.

Berry Corporation: Attractive At Current Prices

Berry's Q1 2023 net operating costs were inflated by Rockies and California natural gas prices averaging over $20. Consumer hedges mitigated some of the high prices, but Berry's net operating expense per BOE was still over $35 in Q1 2023.

Berry Corporation: Lower Regional Gas Prices Should Help Operating Costs

Berry Corporation. (NASDAQ:BRY ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Todd Crabtree - IR Fernando Araujo - CEO Michael Helm - CFO Conference Call Participants Charles Meade - Johnson Rice Nicholas Pope - Seaport Research Steve Busch - ERI Operator Good day and thank you for standing by.

Berry Corporation (BRY) Q1 2023 Earnings Call Transcript

Berry Petroleum (BRY) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.51 per share a year ago.

Berry Petroleum (BRY) Q1 Earnings Lag Estimates

DALLAS, May 03, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced first quarter 2023 results, including a net loss of $6 million or $0.08 per diluted share, Adjusted Net Income(1) of $5 million or $0.07 per diluted share, and Adjusted EBITDA(1) of $59 million.

Berry Corporation (bry) Reports First Quarter 2023 Results

Berry Petroleum (BRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Berry Petroleum (BRY) Q1 Earnings Expected to Decline

Berry Petroleum (BRY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Berry Petroleum (BRY) Beat Estimates Again in Its Next Earnings Report?

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Berry Corporation (NasdaqGS: BRY). On June 29, 2018, the Company filed its Registration Statement for its initial public offering, which, was declared effective by the SEC on July 25, 2018.

BERRY CORPORATION INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Berry Corporation - BRY

DALLAS, April 04, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“bry” or the “Company”) today announced it will report its first quarter 2023 financial results on Wednesday, May 3, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results.

Berry Corporation (bry) To Report First Quarter 2023 Results and Hold Conference Call May 3

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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Berry Corporation (NasdaqGS: BRY). On June 29, 2018, the Company filed its Registration Statement for its initial public offering, which was declared effective by the SEC on July 25, 2018.

BERRY CORPORATION INVESTIGATION CONTINUED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Berry Corporation - BRY

Berry is doubling its fixed dividend to $0.12 per quarter. Berry is planning on devoting more free cash flow to share and debt repurchases in 2023 compared to 2022 and focusing less on variable dividends.

A Look At Berry Corporation's Potential 2023 Results

Berry Corporation (NASDAQ:BRY ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Todd Crabtree - IR Fernando Araujo - CEO Michael Helm - CFO Conference Call Participants Charles Meade - Johnson & Rice Nicholas Pope - Seaport Research Lloyd Byrne - Jefferies LLC Operator Good day, and thank you for standing by. Welcome to the Berry Corporation Quarter Four and Full Year 2022 Earnings Call.

Berry Corporation (BRY) Q4 2022 Earnings Call Transcript

The upstream energy company had a good fourth quarter.

Why Berry Is Soaring Today

Berry Petroleum (BRY) delivered earnings and revenue surprises of 295.83% and 13.65%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Berry Petroleum (BRY) Q4 Earnings and Revenues Top Estimates

DALLAS, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported fourth quarter and full-year 2022 results. For the fourth quarter Berry's net income was $72 million, or $0.90 per diluted share, and Adjusted Net Income(1) was $76 million, or $0.95 per diluted share. For the full year Berry's net income was $250 million, or $3.03 per diluted share, Adjusted Net Income(1) was $226 million, or $2.74 per diluted share, and cash flows from operating activities were $361 million.

Berry Corporation (bry) Reports Fourth Quarter and Full Year 2022 Financial Results, Including 2022 Shareholder Returns of $189 Million; Doubles Fixed Dividend for 2023

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DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“bry” or the “Company”) today announced it will report its fourth quarter and full year 2022 financial results on Wednesday, February 22, 2023, before the open of U.S. financial markets and host a conference call later that morning to discuss these results.

Berry Corporation (bry) To Report Fourth Quarter and Full Year 2022 Results and Hold Conference Call February 22

Berry increased its full-year guidance around operating expenses by approximately $5 per BOE. This wasn't surprising since operating expenses had trended well above guidance over the first half of the year.

Berry Corporation: Significant FCF Generation Despite Increased Operating Expenses

Workovers using existing wellbores that do not require "new well" permitting are enabling a workaround to California's ban on permitting. Berry Corporation has the right management and physical assets to carry out workovers in-house.

Berry Corporation: An Old Rig Rat Goes West

NEW YORK , Dec. 15, 2022 /PRNewswire/ -- Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Berry Corporation (NASDAQ: BRY)  breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, Berry insiders caused the company to (i) materially overstate its operational efficiency and stability; (ii) Berry's operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Company's productivity and increase costs; (iii) the foregoing would foreseeably negatively impact the Company's revenues; and (iv) as a result, the Company's public statements were materially false and/or misleading and failed to state information required to be stated therein.

News for Berry Petroleum Corp. Stock (BRY)