The earnings call reflects a positive outlook for Berry Corporation, supported by strong free cash flow projections, significant cost savings, and positive regulatory developments. The company also highlighted their ongoing commitment to safety and shareholder value through debt reduction and dividends. However, there are concerns about elevated capital expenditures and dependence on regulatory outcomes. Overall, the positive aspects significantly outweigh the challenges.

Company Guidance -

Q3 2025

During the Berry Corporation's Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance and metrics across various facets of its operations. The company maintained its 2025 guidance despite macroeconomic volatility, focusing on balance sheet strength and operational efficiencies. Berry highlighted a strong hedge position, with 71% of expected oil production hedged at approximately $75 per barrel of Brent for the remainder of the year, and 63% hedged for 2026 at $70 per barrel. The company reported oil and gas sales of $126 million in the second quarter, with adjusted EBITDA of $53 million and operating cash flow of $29 million. Capital expenditures were $54 million, and Berry successfully paid down $11 million of debt during the quarter, bringing the year-to-date total to $23 million. The company is on track to pay down at least $45 million of debt for the year. Berry's strategic focus remains on high-return development projects, with 16 wells drilled in California during the second quarter and significant operational efficiencies achieved in Utah, yielding cost savings of approximately $500,000 per well.

Strong Free Cash Flow Generation On Track

Berry Corporation is on track to generate meaningful free cash flow for the year, supported by a strong hedge position with 71% of expected oil production hedged at approximately $75 per barrel of Brent.

Significant Cost Savings in Utah

The company achieved meaningful cost savings of approximately $500,000 per well in Utah, with a current cost outlook approximately 20% lower than the average of their 6 nonoperated horizontal wells.

Positive Regulatory Developments in California

Berry is optimistic about favorable outcomes regarding the Kern County EIR and is encouraged by California Energy Commission's response to Governor Newsom's directives promoting responsible in-state production.

Zero Recordable Incidents

Berry reported another quarter of zero recordable incidents and zero lost time incidents in their E&P operations, highlighting their commitment to HSE excellence.

Debt Reduction and Dividend Commitment

Berry paid down $11 million of debt during the quarter, with total year-to-date debt reduction reaching $23 million. Additionally, the Board declared a dividend of $0.03 per share.

Berry Petroleum (BRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.06 / -	0.14	―	―	―
Aug 06, 2025	2025 (Q2)	0.01 / 0.00	0.18	―
May 08, 2025	2025 (Q1)	0.08 / 0.12	0.14	-14.29% (-0.02)
Mar 12, 2025	2024 (Q4)	0.15 / 0.21	0.13	61.54% (+0.08)
Nov 07, 2024	2024 (Q3)	0.15 / 0.14	0.15	-6.67% (>-0.01)
Aug 09, 2024	2024 (Q2)	0.20 / 0.18	0.15	20.00% (+0.03)
May 01, 2024	2024 (Q1)	0.18 / 0.14	0.07	100.00% (+0.07)
Mar 06, 2024	2023 (Q4)	0.25 / 0.13	0.95	-86.32% (-0.82)
Nov 01, 2023	2023 (Q3)	0.29 / 0.15	0.55	-72.73% (-0.40)
Aug 02, 2023	2023 (Q2)	-0.01 / 0.15	0.64	-76.56% (-0.49)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BRY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$2.96	$2.84	-4.05%
May 08, 2025	$2.37	$2.81	+18.57%
Mar 12, 2025	$3.57	$3.16	-11.48%
Nov 07, 2024	$5.43	$4.93	-9.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Berry Petroleum Corp (BRY) report earnings?

Berry Petroleum Corp (BRY) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Berry Petroleum Corp (BRY) earnings time?

Berry Petroleum Corp (BRY) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BRY EPS forecast?

BRY EPS forecast for the fiscal quarter 2025 (Q3) is 0.06.

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