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Berry Petroleum Completes Merger and Exits Public Markets

Story Highlights
  • On December 18, 2025, Berry Petroleum repaid and terminated its senior credit facilities, releasing all related liens and guarantees.
  • Completion of the merger led to Nasdaq delisting, leadership changes, and new governance documents for Berry Petroleum.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Berry Petroleum Completes Merger and Exits Public Markets

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Berry Petroleum ( (BRY) ) has provided an announcement.

On December 18, 2025, Berry Petroleum completed a merger that triggered the termination of its senior secured revolving credit facility and senior secured term loan, with all outstanding principal, interest and fees under these credit agreements paid in full and related liens and guarantees released, materially simplifying the company’s capital structure. In conjunction with the closing, the company’s common stock was delisted from Nasdaq and ceased trading on December 18, 2025, Berry signaled its intention to suspend its SEC reporting obligations and deregister its shares, the entire pre-merger board of directors and key officers resigned without dispute, and the company’s certificate of incorporation and bylaws were amended and restated, collectively marking its transition away from public markets under a new post-merger governance framework.

The most recent analyst rating on (BRY) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Berry Petroleum stock, see the BRY Stock Forecast page.

Spark’s Take on BRY Stock

According to Spark, TipRanks’ AI Analyst, BRY is a Neutral.

The overall stock score for Berry Petroleum is primarily influenced by the positive impact of the merger with California Resources, which is expected to drive long-term growth and operational efficiency. However, the company’s financial performance is currently challenged by declining revenue and profitability, and the valuation is impacted by negative earnings. Technical indicators provide a mixed outlook, with some potential for upward momentum.

To see Spark’s full report on BRY stock, click here.

More about Berry Petroleum

Berry Petroleum is an independent energy producer focused on oil and natural gas exploration and production, with its common stock previously listed on the Nasdaq Global Select Market under the ticker symbol BRY before its recent merger and transition to private ownership.

Average Trading Volume: 919,103

Technical Sentiment Signal: Sell

Current Market Cap: $247.6M

For an in-depth examination of BRY stock, go to TipRanks’ Overview page.

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