Berry Corporation reported strong financial performance with a solid hedge position, significant debt reduction, and operational cost savings. Positive regulatory movements in California could provide additional opportunities, although there is some dependency on the outcomes. Despite higher capital expenditures in Utah, the company's ability to generate free cash flow and maintain a strong safety record are notable positives.

Company Guidance

During the second quarter 2025 earnings call, Berry Corporation reaffirmed its 2025 guidance, highlighting stability amidst macro volatility. The company aims to maintain balance sheet strength, focusing on high-return projects and operational efficiencies. Berry has hedged 71% of its expected oil production at $75 per barrel of Brent for the remainder of the year, with 63% hedged at $70 per barrel for 2026. In California, 16 wells were drilled in Q2, and production is expected to increase in the second half of the year. In Utah, cost savings of approximately $500,000 per well were achieved, with current costs at $680 per lateral foot, 20% lower than previous wells. The company reduced debt by $11 million in Q2 and expects a total reduction of $45 million for the year, while declaring a dividend yield of 4% annually. Berry's strategy continues to focus on generating free cash flow, reducing debt, and capitalizing on a deep inventory of high-return projects.

Strong Hedge Position and Free Cash Flow Generation

Berry has 71% of its expected oil production hedged for 2025 at approximately $75 per barrel of Brent, providing visibility and protection for their production outlook. They are on track to generate meaningful free cash flow for the year.

Debt Reduction and Financial Strength

The company paid down $11 million of debt during the quarter, bringing the year-to-date debt reduction to $23 million. They are on track to pay down at least $45 million for the year.

Cost Savings in Utah Operations

Berry achieved meaningful cost savings of approximately $500,000 per well in Utah, supported by fuel cost advantages and the use of dual fuel fleets in drilling and fracking activities.

Positive Regulatory Developments in California

The Kern County Board of Supervisors approved a new oil and gas ordinance and certified a revised environmental impact review, with a court decision expected by year-end which could streamline future development projects.

Operational Safety Record

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

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

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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	$2.93	$2.81	-4.10%
May 08, 2025	$2.35	$2.78	+18.30%
Mar 12, 2025	$3.53	$3.12	-11.61%
Nov 07, 2024	$5.38	$4.88	-9.29%

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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