Berry Petroleum Corp.

Berry Corp. is an energy exploration company. The firm engages in the acquisition, exploration, development, and production of domestic oil and natural gas reserves. It also operates in California, Utah, and Colorado. The company was founded by C. J. Berry in 1909 and is headquartered in Dallas, TX.

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Berry Petroleum Corp. reports strong 2022 performance and strategic growth plans

Berry Petroleum Corp. showcased robust financial and operational performance in 2022, emphasizing shareholder returns and operational efficiencies. Despite facing regulatory hurdles and an expected production decline in 2023, the company remains focused on optimizing production and delivering value to shareholders.

Berry Petroleum Corp. reports solid Q1 results and plans investor returns

Berry Petroleum Corp. delivered Q1 results in line with expectations, focusing on shareholder returns and cost-saving measures.
Despite challenges from lower oil prices and higher expenses, Berry remains committed to optimizing production and maximizing shareholder value.
The company's strengths lie in its high-quality assets, strategic focus on acquisitions, and commitment to environmental and safety standards.
Opportunities in M&A, expansion in the California market, and service business growth position Berry for future value creation and market capture.

Berry Petroleum Corp. reports strong Q2 performance and growth outlook

Berry Petroleum Corp. delivered a strong performance in Q2 2023, with a focus on strategic execution and financial discipline.
The pending acquisition of Macpherson Energy is expected to drive free cash flow growth and align with the company's capital return strategy.
Despite potential challenges in integration and regulatory navigation, Berry remains confident in its ability to deliver value to shareholders and pursue growth opportunities.

Berry Petroleum Corp. reports robust Q3 earnings and eyes growth opportunities

Berry Petroleum Corp. delivered strong financial performance in Q3, driven by cost efficiencies and strategic acquisitions. The company is poised for growth through operational improvements and expansion into new markets.

Berry Petroleum Corp. reports robust Q4 performance and eyes growth opportunities

Berry Petroleum Corp.'s Q4 2023 earnings call highlighted a strong financial performance, operational excellence, and a focus on shareholder returns. The company's strategic approach to reservoir management, acquisitions, and cost reduction sets a positive trajectory for future growth and value creation.

Berry Petroleum Corp. reports robust Q1 performance amidst growth focus

Berry Petroleum Corp. delivered solid financial and operational performance in Q1 2024, emphasizing efficiency, growth, and sustainability.
While facing challenges like litigation and market dynamics, Berry remains focused on optimizing operations and seizing growth opportunities.
With a strategic roadmap for 2024 and a commitment to responsible practices, Berry is poised to navigate challenges and capitalize on industry trends.

Berry Petroleum Corp. reports strong Q2 earnings and eyes growth

Berry Petroleum Corp. delivered a robust performance in Q2 2024, driven by strong financial results and successful drilling activities. The company's focus on safety, environmental responsibility, and growth opportunities positions it well for sustainable success in the oil and gas sector.

Berry Petroleum Corp. reports robust Q3 performance and strategic growth plans

Berry Petroleum Corp.'s Q3 2024 Earnings Call showcased strong operational and financial performance, underpinned by successful initiatives and strategic planning. The company is navigating challenges while capitalizing on opportunities for growth and value creation in the energy sector.

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Berry Corp. is an energy exploration company, which engages in the acquisition, exploration, development, and production of domestic oil and natural gas reserves. It operates through the Exploration and Production (E&P) and Well Servicing and Abandonment segments. The E&P segment consists of the development and production of onshore, low geologic risk, long-lived conventional oil and gas reserves, primarily located in California, as well as Utah. The Well Servicing and Abandonment segment is involved in the wellsite services in California to oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics. The company was founded by C. J. Berry in 1909 and is headquartered in Dallas, TX.

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DALLAS, Nov.  20, 2019  (GLOBE NEWSWIRE) -- On November 19, 2019 the California Department of Conservation, Division of Oil and Gas released a number of initiatives designed to safeguard public health and the environment, advance California’s goal to become carbon-neutral by 2045 and manage the decline of oil production and consumption in the state.

Berry Provides Clarification of Moratorium Impact

The initiatives announced Tuesday by California’s Department of Conservation severely cloud Berry Petroleum Corp’s (NASDAQ: BRY) ability to budget and execute a stable operational plan going forward, according to Wells Fargo.

Wells Fargo Downgrades Berry Petroleum On Heightened Regulatory Risk

Shares of Berry Petroleum Corp. BRY, -17.75% sank 17% toward a 2-year low in morning trading Wednesday, on the back of a 21.5% plunge in the previous session, as analysts downgraded the oil reserves production company following California's decision to prohibit using high-pressure steam to extract oil.

Berry Petroleum's stock plunges to 2-year low after California prohibits using steam to extract oil

DALLAS, Nov.  19, 2019  (GLOBE NEWSWIRE) -- Today the Department of Conservation’s Division of Oil, Gas and Geothermal Resources announced a series of initiatives directed at California’s oil and gas industry, which are a result of legislation (AB 1057 – Limón) signed by Governor Gavin Newsom in October.  One of the primary initiatives is a “moratorium (which) prohibits new extraction wells that use a high-pressure cyclic steaming process to break apart a geological formation to extract oil.”  Following the release, Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) announced that this moratorium will not impact the company’s 2019 financial performance and only potentially impacts its future thermal diatomite wells. Additionally, the company has an extensive bullpen of drilling opportunities and a diverse asset portfolio providing Berry with the opportunity to continue to generate top-tier shareholder returns.

Moratorium to Have No Impact on Berry’s 2019 Performance

Berry Petroleum Corp.'s (BRY) CEO Trem Smith on Q3 2019 Results - Earnings Call Transcript

Berry Petroleum (BRY) delivered earnings and revenue surprises of 2.56% and 21.14%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Berry Petroleum (BRY) Q3 Earnings and Revenues Beat Estimates

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DALLAS, Oct.  07, 2019  (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) announced today preliminary third quarter production results in line with its full-year production guidance. In addition, the company is continuing its commitment to returning value to shareholders through its fixed dividend and share buy-back policies.

Berry Petroleum Announces Strong Production Growth and Re-Affirms 2019 Annual Production Guidance

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Berry Petroleum Corporation (BRY) CEO Trem Smith on Q2 2019 Results - Earnings Call Transcript

Berry Petroleum's (BRY) high-return, low-risk drilling locations in California are likely to generate substantial volume growth in the to-be-reported quarter.

Is a Beat Likely for Berry Petroleum (BRY) in Q2 Earnings?

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Is Berry Petroleum (BRY) a Great Value Stock Right Now?

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Berry Petroleum Corp (BRY) CEO Arthur Smith on Q1 2019 Results - Earnings Call Transcript

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News for Berry Petroleum Corp. Stock (BRY)