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Berry Petroleum (BRY)
:BRY
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 8.86%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
Berry Corporation reported a strong start to 2025 with significant achievements in financial performance, operational efficiency, and regulatory advancements. Despite minor production setbacks, the company's robust hedging strategy and high-return development projects position it well for future growth.Company Guidance
In the Berry Corporation Q1 2025 earnings call, the company reaffirmed its full-year guidance, emphasizing strong financial metrics and operational achievements. Berry reported $148 million in oil and gas sales, with a realized oil price at 93% of Brent, and generated $17 million in free cash flow. The company strengthened its balance sheet by reducing debt by $11 million, returning $2 million to shareholders, and increasing liquidity to $120 million. Berry's leverage ratio improved to 1.37 times. The firm highlighted its hedging strategy, with 73% of 2025 oil production hedged at $74.69 per barrel. Operationally, Berry drilled twice as many wells in California compared to Q4 2024 and achieved a 9% reduction in hedge energy lease operating expenses (LOE). The company's California thermal diatomite projects boast returns exceeding 100%, while its Uinta Basin wells are on track for production in Q3, with cost efficiencies anticipated to save $500,000 per well. The company remains focused on generating sustainable free cash flow, reducing debt, and evaluating growth opportunities.Strong Start to 2025
Berry Corporation reaffirmed its full-year guidance, strengthened its balance sheet by paying down $11 million of debt, and returned $2 million in cash to shareholders. Liquidity increased to $120 million, and the leverage ratio improved to 1.37 times.
High-Return Development Projects
The company generated $17 million of free cash flow in Q1 due to cost improvements and stable production. Most projects in the thermal diatomite reservoir generate a rate of return in excess of 100%.
Successful Drilling Operations
In California, Berry drilled twice as many wells compared to Q4 2024 and completed a four-well horizontal pad in the Uinta asset ahead of schedule and on budget, reducing fuel costs by 25% and completion costs by $500,000 per well.
Strong Environmental and Safety Record
Zero recordable incidents, zero lost time incidents, and no reportable spills during Q1. Published updated performance metrics and plans to publish a full report with 2024 emissions data.
Regulatory Advances in California
Governor Newsom's directive to engage with the oil and gas industry reflects a constructive shift, potentially allowing for increased in-state production and collaboration.
Robust Hedging Strategy
73% of oil production is hedged at $75 per barrel for 2025. The average floor price was raised by $6 per barrel on 2,300 barrels per day of production for 2026 and 2027.
BRY Earnings History
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 |
|---|---|---|---|
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% |
Aug 09, 2024 | $5.74 | $5.68 | -1.05% |
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 (BRY) report earnings?
Berry Petroleum (BRY) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Berry Petroleum (BRY) earnings time?
Berry Petroleum (BRY) earnings time is at Jul 30, 2025, TBA Not 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 (Q2) is 0.05.