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Berry Corporation bry   (BRY)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $7.0400 $-0.08 -1.124%
Day's High: $7.09 Week Perf: 3.07 %
Day's Low: $ 6.85 30 Day Perf: 3.99 %
Volume (M): 1,074 52 Wk High: $ 9.84
Volume (M$): $ 7,561 52 Wk Avg: $7.52
Open: $7.01 52 Wk Low: $6.22



 Market Capitalization (Millions $) 529
 Shares Outstanding (Millions) 75
 Employees -
 Revenues (TTM) (Millions $) 1,809
 Net Income (TTM) (Millions $) 47
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 209

Berry Corporation Bry
Berry Corporation (BRY) is an independent upstream energy company engaged in the acquisition, exploration, development, and production of oil and natural gas reserves. Headquartered in Dallas, Texas, the company primarily operates in the western United States, with a focus on the San Joaquin Basin in California. BRY targets the development of low-risk, long-lived oil and natural gas reserves, with an emphasis on maximizing shareholder value. The company utilizes advanced drilling and completion techniques to increase efficiency and optimize production.


   Company Address: 16000 Dallas Parkway Dallas 75248 TX
   Company Phone Number: 616-3900   Stock Exchange / Ticker: NASDAQ BRY
   


   

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Berry Corporation Bry

Dramatic Revenue Plunge Revealed in Berry Corporation Bry's Latest Fiscal Quarter Report: Full Analysis Inside



The stock market is a dynamic and ever-changing environment, with companies constantly striving to meet investor expectations. Berry Corporation Bry, a prominent player in the energy sector, recently released its earnings report for the period spanning April to June 30, 2023. The results presented a mixed bag, with both positive and negative aspects. Let us delve into these numbers and analyze what they mean for investors.
Earnings per share and revenue:
Berry Corporation Bry witnessed a significant drop of -36.54% in earnings per share, with figures declining from $0.52 to $0.33 per share, compared to the same period a year ago. However, this decline should be seen in a positive light, as it marks an improvement from the preceding financial reporting period's negative earnings per share of $-0.08. The revenue also suffered a blow, showing a substantial decrease of -29.034%, falling to $208.49 million from $293.79 million a year ago. Sequentially, the revenue declined by -3.686% from $216.47 million.

Berry Corporation Bry

Loss on Weak Sales in the first quarter of 2023 earnings season

The first quarter of the 2023 earnings season for Berry Corporation Bry was not as successful as the previous year. The company reported a loss of $0.08 per share, compared to a loss of $0.71 per share in the same period a year ago. The EPS fell from $0.85 per share in the previous financial reporting period, indicating a decline in overall profitability.
Moreover, the revenue decreased by a significant 15.422% to $216.47 million from $255.94 million in the similar financial reporting period a year prior. The revenue tumbled by an astounding 81.369% from $1.16 billion sequentially, indicating a notable trend of declining profitability.
Despite these challenges, Berry Corporation Bry reported a net shortfall of $-5.859 million, showing a considerable improvement from the deficit of $-56.810 million in the same financial reporting period a year ago. This indicates that the company is taking steps to improve its financial performance.






 

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