Berry Corporation Stock Price, News & Analysis

Berry Corporation (NASDAQ: BRY) has released its 2025 Sustainability Report, highlighting significant environmental and operational achievements in 2024. The company has made substantial progress in its sustainability initiatives, including a 50% reduction in Scope 1 methane emissions compared to 2022 levels.

Key achievements include implementing solar infrastructure that offset 20% of electrical demand, increasing recycled water usage to 47%, and reducing freshwater consumption by 17%. The company also reported a 59% reduction in employee Total Recordable Incident Rate since 2022. Berry has aligned its reporting with SASB and TCFD standards, demonstrating its commitment to transparency and climate-related disclosures.

California Resources Corporation (NYSE: CRC) and Berry Corporation (NASDAQ: BRY) have announced a definitive agreement to combine in an all-stock transaction valued at approximately $717 million, including Berry's net debt. The merger will create a stronger California energy leader, with existing CRC shareholders owning approximately 94% of the combined company.

The combined entity will produce approximately 161 thousand barrels of oil equivalent per day (81% oil) and hold 652 million barrels of oil equivalent proved reserves (87% proved developed). The transaction is expected to achieve annual synergies of $80-90 million within 12 months post-closing and will be accretive to key financial metrics with projected second half 2025 per share accretion of more than 10% before synergies.

Under the agreement terms, Berry shareholders will receive 0.0718 shares of CRC common stock for each BRY share, representing a 15% premium. The transaction is expected to close in Q1 2026.

Berry Corporation (NASDAQ: BRY) reported its Q2 2025 financial results, highlighting a net income of $34 million ($0.43 per diluted share) and Adjusted EBITDA of $53 million. The company produced 23.9 MBoe/d (92% oil) and generated operating cash flow of $29 million.

Key achievements include $11 million debt reduction in Q2 (total $23 million year-to-date), maintaining a quarterly dividend of $0.03 per share, and hedging 71% of oil volumes for remainder of 2025 at $74.59/Bbl. The company reaffirmed its FY25 guidance and reported favorable hedge positions protecting cash flows.

Berry completed its full-year drilling activity and expects production growth through year-end, particularly from four horizontal Uinta wells coming online in August. The company maintains $101 million in liquidity and expects to fund its 2025 capital program through operational cash flow.

Berry Corporation (NASDAQ: BRY) has scheduled its second quarter 2025 earnings release and conference call. The company will release Q2 2025 results on Wednesday, August 6, 2025, after U.S. market close.

A conference call and webcast will be held on Thursday, August 7, 2025, at 11:00 a.m. Eastern Time. Investors can access the live audio webcast through Berry's website or participate in the Q&A session by pre-registering for the call. An audio replay will be available shortly after the broadcast on the company's investor relations website.

Berry Corporation (BRY) released its Q1 2025 financial results, reporting a net loss of $97 million ($1.25 per share), largely due to a non-cash impairment of $113 million. The company produced 24.7 MBoe/d (93% oil), slightly down from previous quarter due to planned downtime. Key financial metrics include Adjusted EBITDA of $68 million and Free Cash Flow of $17 million. Berry maintained strong hedging positions with 73% of oil volumes hedged for remainder of 2025 at $74.69/Bbl. The company paid down $11 million in debt and declared a quarterly dividend of $0.03 per share. Berry reaffirmed its FY25 guidance, maintaining production targets of 24,800-26,000 boe/d and capital expenditure guidance of $110-120 million.

Berry (BRY) has strengthened its hedge and liquidity position, demonstrating financial resilience in the current commodity market. The company increased its average hedged price by $6 per barrel on 2.3 MBbls/d for 2026 and 2027. Oil volumes are now 73% hedged for remainder of 2025 at $74.69/Bbl Brent and 63% hedged for 2026.

The company's mark-to-market position for crude oil stands at $105 million as of April 21, 2025. Berry's liquidity reached $120 million as of March 31, 2025, including $39 million in cash and cash equivalents, $49 million in available revolving credit, and $32 million in delayed draw borrowings. As of April 22, 2025, total liquidity was $119 million with $14 million in letters of credit.

CEO Fernando Araujo emphasized that Berry's favorable hedge position aligns with their strategy to deliver sustainable cash flow through commodity price cycles, supported by shallow decline rate and low capital intensity assets.

Berry (BRY) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results on Thursday, May 8, 2025, before U.S. financial markets open.

A conference call and webcast will follow on the same day at 11:00 am Eastern Time (10:00 am Central Time / 8:00 am Pacific Time). Investors can participate through a live listen-only audio webcast or join via phone using the toll-free number (800) 715-9871 with passcode 6035522.

The audio replay will be available shortly after the broadcast and archived on the company's investor relations website.

Berry (BRY) has appointed Jenarae Garland as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, effective immediately. Garland joins Berry with extensive industry experience from her previous roles at major energy corporations.

Prior to this appointment, Garland served as Deputy General Counsel, Corporate and Assistant Corporate Secretary at Phillips 66, and previously held leadership positions at Occidental Petroleum , including Assistant General Counsel for Oxy Low Carbon Ventures. She began her career at Vinson & Elkins LLP, focusing on energy industry clients.

CEO Fernando Araujo expressed confidence that Garland's appointment will help accelerate growth, drive high-performance culture, and create long-term value for the company and stakeholders. Garland holds a BS in Communications from the University of Texas at Austin and graduated magna cum laude from Tulane University Law School.

Berry (BRY) has released its Q4 and full-year 2024 financial results, reporting strong operational performance. The company achieved net income of $19 million ($0.25 per diluted share) for full-year 2024, with operating cash flow of $210 million and Adjusted EBITDA of $292 million.

Key highlights include production of 25.4 MBoe/d (93% oil), a 12% year-over-year reduction in LOE, and an 80% reduction in methane emissions. Year-end proved reserves increased 4% to 107 MMBoe with a PV-10 value of $2.3 billion.

For 2025, Berry projects production of 24.8-26.0 MBoe/d with a capital program of $110-120 million. The company declared a quarterly dividend of $0.03 per share, representing a 3% annual yield. Approximately 40% of 2025's capital will be directed to Utah operations, up from 25% in 2024.