Welcome to our dedicated page for Berry Corporation SEC filings (Ticker: BRY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Access SEC filings and regulatory documents for Berry Corporation (NASDAQ: BRY), a California-focused independent upstream energy company with operations in oil and gas exploration and production as well as well servicing and abandonment services. Berry's regulatory filings provide transparency into the company's financial performance, operational activities, and strategic initiatives across both business segments.
Annual reports on Form 10-K offer comprehensive overviews of Berry's exploration and production operations in California's San Joaquin Basin and Utah's Uinta Basin, including detailed information about thermal enhanced oil recovery techniques, proved reserves, and production volumes. These filings also cover the well servicing and abandonment segment operated through C&J Well Services, including service rig utilization and abandonment project activity.
Quarterly reports on Form 10-Q provide updates on production performance, capital expenditure programs, and financial results for both the E&P and well servicing segments. Current reports on Form 8-K disclose material events such as operational developments, executive changes, strategic transactions, and regulatory matters affecting California oil production.
Proxy statements detail corporate governance matters, executive compensation structures, and shareholder voting items. Berry's filings also include information about environmental compliance, steam injection operations, cogeneration facilities, and the company's approach to addressing California's regulatory requirements for oil and gas producers.
Berry Corporation is deregistering all remaining unsold shares under a prior resale registration statement. That registration had covered the resale by certain stockholders of up to 46,833,346 shares of Berry’s common stock. Effective December 18, 2025, a merger was completed in which a subsidiary of California Resources Corporation merged with and into Berry, leaving Berry as a direct, wholly owned subsidiary of California Resources. Because of this merger, Berry has terminated all offerings under the resale registration and, through this post-effective amendment, is formally removing from registration all unsold shares and terminating the effectiveness of the registration statement.
Berry Corporation (BRY) has completed its merger with California Resources Corporation, making Berry a direct, wholly owned subsidiary of California Resources. At the merger’s effective time, each outstanding share of Berry common stock (other than specified excluded shares) was converted into the right to receive 0.0718 shares of California Resources common stock, plus cash for any fractional shares. Berry’s revolving credit facility and term loan agreements were terminated, with all outstanding principal, interest and fees paid in full and related liens released. Trading of Berry common stock on the Nasdaq Global Select Market ceased prior to the market open on December 18, 2025, and Berry plans to deregister its shares and suspend its reporting obligations. All Berry directors resigned, key officers ceased service, and Berry’s certificate of incorporation and bylaws were amended and restated at closing. Berry stockholders now solely have the right to receive the merger consideration.
Berry Corporation held a virtual special meeting where stockholders approved its planned merger with California Resources Corporation and endorsed, on a non-binding, advisory basis, potential merger-related compensation for named executive officers. As of the October 30, 2025 record date, 77,607,094 shares were entitled to vote, and 57,558,425 shares were represented, constituting a quorum.
The merger agreement proposal received 56,199,678 votes for, 1,153,772 against, and 204,975 abstentions, satisfying the requirement for approval by a majority of outstanding shares. The advisory compensation proposal passed with 40,348,488 votes for, 16,775,990 against, and 433,947 abstentions. Following these approvals, the company states that it expects the merger to close on December 18, 2025.
Berry Corporation (BRY) shared finalized employee FAQs on the pending merger with California Resources Corporation (CRC) and outlined key workforce, equity, and benefits mechanics as the process advances toward closing.
Each Berry share will be exchanged for 0.0718 CRC shares at closing, with cash paid in lieu of fractional shares. 2023 stock-based LTI awards are single trigger and will be paid in cash at closing based on the 15‑day CRC VWAP multiplied by the 0.0718 exchange ratio. 2024–2025 stock-based LTI awards will convert into CRC awards (adjusted by 0.0718) and continue to vest per original terms. If the deal closes after March 1, 2026, Berry expects to grant 2026 LTI in the ordinary course; otherwise CRC expects to grant 2026 LTI to eligible continuing employees.
Terminations without cause within 12 months post‑closing will accelerate 2024 and 2025 LTI in full; 2026 LTI is expected to accelerate on a prorated basis. CRC will honor existing retention agreements and approved leaves, carry over accrued PTO, credit 2026 medical deductibles/out‑of‑pocket amounts, and allow applications to open roles. Berry stock trades until close; CRC shares continue on the NYSE as “CRC.” A CRC Form S‑4 is effective, and the definitive proxy statement/prospectus has been mailed.
Berry Corporation (BRY) announced that the waiting period under the Hart-Scott-Rodino Act expired at 11:59 p.m. Eastern Time on November 10, 2025 for its pending combination under which Berry will become a direct, wholly-owned subsidiary of California Resources Corporation (CRC).
Completion of the Merger remains subject to other customary conditions, including Berry shareholder approval and prior authorization by the U.S. Federal Energy Regulatory Commission under Section 203 of the Federal Power Act. CRC’s Form S-4 became effective on November 3, 2025, and the definitive proxy statement/prospectus was filed on November 4, 2025 and first sent to Berry stockholders on or about November 5, 2025.
Berry Corporation (BRY) announced that the Hart-Scott-Rodino (HSR) waiting period expired at 11:59 p.m. ET on November 10, 2025 for its pending combination with California Resources Corporation. Upon completion, Berry will become a direct, wholly owned subsidiary of CRC.
Closing is still subject to customary conditions, including Berry shareholder approval and prior authorization by the Federal Energy Regulatory Commission under Section 203 of the Federal Power Act, as outlined in the definitive proxy statement/prospectus. CRC’s Form S-4 became effective on November 3, 2025, and the definitive proxy statement/prospectus was filed on November 4, 2025.
Berry Corporation (BRY) filed its Q3 2025 10‑Q, reporting weaker results and detailing its pending merger with California Resources Corporation (CRC). Total revenues and other were $151.1 million versus $261.7 million a year ago, and the company posted a net loss of $26.0 million (basic and diluted EPS of $‑0.34) compared with net income of $69.9 million in Q3 2024.
For the first nine months, Berry recorded a net loss of $89.1 million, including a non‑cash, pre‑tax impairment of $157.9 million recognized in Q1 2025. Operating cash flow for the period was $129.9 million against capital expenditures of $99.7 million. Stockholders’ equity declined to $639.0 million, and retained earnings moved to an accumulated deficit of $32.7 million.
Debt consisted primarily of the 2024 Term Loan with $416.3 million outstanding at September 30, 2025; the 2024 Revolver had no borrowings, $14 million of letters of credit, and about $49 million of availability. The Board declared quarterly cash dividends of $0.03 per share, consistent with merger constraints. Under the CRC agreement, each BRY share will convert into 0.0718 CRC shares at closing, expected in the first quarter of 2026, subject to approvals and customary conditions.
Berry Corporation (BRY) furnished a press release announcing its financial condition and results of operations for the three months ended September 30, 2025. The company made this disclosure on November 5, 2025.
The press release is provided as Exhibit 99.1 and is incorporated by reference. The materials are expressly stated as furnished and not deemed “filed” for purposes of Section 18 of the Exchange Act.
Berry Corporation (BRY)California Resources Corporation (CRC), outlining the legal and regulatory steps before closing. The company expects to receive HSR clearance in November, and Berry shareholders are scheduled to vote at a special meeting on December 15, 2025. FERC approval is expected to take the longest.
Given these milestones, Berry currently expects the legal close in January 2026, though it could occur in the latter half of December 2025 or slip into later in the first quarter of 2026. The Integration Management Office is targeting mid‑December for Day 1 readiness. The CRC Form S‑4 became effective on November 3, 2025, and the definitive proxy statement/prospectus was filed on November 4, 2025, with materials expected to be sent to Berry stockholders on or about November 5, 2025.
Berry Corporation (BRY) called a special meeting to vote on its proposed merger with California Resources Corporation (CRC)0.0718 shares of CRC common stock. Based on CRC’s closing prices, the implied value per Berry share was $3.81 on September 12, 2025 and $3.39 on November 3, 2025.
The virtual meeting is on December 15, 2025 at 10:00 a.m. CT, and the record date is October 30, 2025 with 77,607,094 shares outstanding and entitled to vote. Adoption of the merger agreement requires the affirmative vote of a majority of outstanding shares. The Berry board unanimously recommends voting FOR all proposals.
Conditions include HSR waiting period expiration and FERC Section 203 authorization; the deal is not subject to CRC stockholder approval or CRC financing. Fractional CRC shares will be paid in cash based on a 15-day VWAP. If completed, Berry will become a wholly owned CRC subsidiary and BRY will be delisted. The agreement includes a $12,044,370 termination fee in specified cases and expense reimbursements up to $5 million. Expected timing is Q1 2026; no appraisal rights apply.
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