Berry Petroleum (BRY) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this independent upstream energy company would post earnings of $0.12 per share when it actually produced earnings of $0.21, delivering a surprise of 75%.Over the last four q ...

Company Overview - Berry is a Western U S independent upstream energy company focused on onshore, low geologic risk, low decline, long-lived conventional reserves[9, 10] - The company's enterprise value is $601 million[11] - First quarter of 2025 production averaged 247 thousand barrels of oil equivalent per day (MBoe/d), with 93% being oil[11] - The company's proved PV-10 is $23 billion[11] - Last twelve months (LTM) adjusted EBITDA was $292 million[11] - LTM free cash flow was $115 million, or $148 per share[11] - The company's reinvestment rate is 50%[11] - As of March 31, 2025, the leverage ratio was 137x[11] California Assets - California assets include approximately 20000 net acres and approximately 2500 gross producing wells[26] - California production averaged 210 MBoe/d in 2024[26] - Proved PV-10 for California assets is $21 billion[26] - The annual decline rate for California assets is 11%-14%[26]

DALLAS, May 08, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced its financial and operational results for the first quarter of 2025, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck summarizing these results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its first quarter 2025 results and latest 2025 outlook, at 10:00 a.m. CT, Thursday, May 8, ...

The first quarter of 2025 has presented the oil/energy sector with a series of challenges, driven by fluctuating commodity prices and ongoing market turbulence. Oil prices have declined, while natural gas prices have seen an increase, creating a mixed outlook for the sector. With earnings expectations low across the sector, the question remains: Can companies rise above the challenges and deliver strong performance?Let’s take a closer look at four key companies to see where they stand as they get ready to r ...

Financial Position - As of March 31, 2025, Berry Corporation reported $39 million in cash and cash equivalents, $49 million available for borrowings under its revolving credit facility, and $32 million available for delayed draw borrowings under its term loan facility[6]. Hedging and Investor Relations - The company announced updates to its hedging program and participation in upcoming investor conferences on April 23, 2025[6]. Financial Reporting - The financial information provided is preliminary and subject to the completion of the company's financial closing procedures for the three months ended March 31, 2025[6]. - The press release containing this information is unaudited and is attached as Exhibit 99.1[6]. Forward-Looking Statements - Management's forward-looking statements regarding future expectations are subject to risks and uncertainties that could cause actual results to differ materially[8].

Core Insights - Berry Corporation has strengthened its hedge and liquidity position, raising the average hedged price for 2026 and 2027 by $6 per barrel on 2.3 million barrels per day (MBbls/d) [1][6] - The company is 73% hedged for the remainder of 2025 and 63% hedged for 2026 based on its production guidance [1][6] - As of March 31, 2025, Berry had $120 million in liquidity, which includes $39 million in cash, $49 million available for borrowings, and $32 million for delayed draw borrowings [3] Hedging and Financial Position - Berry's hedging strategy has resulted in a favorable position, with a balance of 2025 oil hedged at an average price of $74.69 per barrel Brent [6] - The company has converted 2.3 MBbls/d of collars and puts into swaps, raising the floor price by $6 per barrel on average [6] - The mark-to-market (MTM) value for crude oil as of April 21, 2025, is $105 million [6] Liquidity and Upcoming Events - As of April 22, 2025, Berry's liquidity position is $119 million, with $14 million in letters of credit and no outstanding borrowings under its credit facility [3] - Berry's executives will participate in several upcoming investor events, including the ONE Houlihan Lokey Global Conference and the Louisiana Energy Conference [7]

Core Viewpoint - Berry Corporation will report its first quarter 2025 results on May 8, 2025, before U.S. financial markets open, and will host a conference call to discuss these results [1][2]. Company Overview - Berry Corporation is a publicly traded independent upstream energy company focused on onshore, low geologic risk, long-lived oil and gas reserves, operating in two segments: exploration and production (E&P) and well servicing and abandonment services [2]. - The E&P assets are located in California and Utah, characterized by high oil content, with California assets in the San Joaquin Basin (100% oil) and Utah assets in the Uinta Basin (65% oil) [2]. Earnings Call Information - The earnings call is scheduled for May 8, 2025, at 11:00 AM Eastern Time, with a live audio webcast available [1]. - Participants can dial in using the toll-free number (800) 715-9871 with the passcode 6035522 to ask questions during the call [2].

Company Overview - Berry Corporation is a publicly traded independent upstream energy company focused on onshore, low geologic risk, long-lived oil and gas reserves, operating in two segments: exploration and production (E&P) and well servicing and abandonment services [3] - The E&P assets are located in California and Utah, characterized by high oil content, with California assets in the San Joaquin Basin (100% oil) and Utah assets in the Uinta Basin (65% oil) [3] Leadership Appointment - Jenarae Garland has been appointed as Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, effective immediately [1] - Garland has extensive experience in the energy sector, having previously served as Deputy General Counsel at Phillips 66 and in various roles at Occidental Petroleum [2] Strategic Importance - The appointment of Garland is seen as pivotal for Berry Corporation during a critical growth phase, with expectations for her to positively impact the company's performance and culture [2] - The company aims to drive sustainable and profitable growth, with Garland expected to work closely with the board of directors and executive leadership team [2]

March 31, 2025 6:03 PM EDT | Source: Bri-Chem Corp. Edmonton, Alberta--(Newsfile Corp. - March 31, 2025) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2024 annual and fourth quarter financial results. | | Three months | | | Twelve months | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | ended | | | ended | | | | | | December 31 | | Change | December 31 | | Change | | | (in '000s exce ...

Berry Global Group, Inc. (BERY) is witnessing solid momentum in the Consumer Packaging North America segment owing to strength in its food, beverage and foodservice end markets. This has led to 10% year-over-year growth in its revenues in first-quarter fiscal 2025 (ended December 2024).Growth in emerging markets and share gains are aiding the company’s Consumer Packaging International segment. The segment’s organic volume increased 1% in the same quarter. The Flexibles segment’s revenues were up 1.8%, drive ...