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BRY Price Correlated With Financials For Berry

Free historical financial statements for Berry Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 13 quarters since 2019. Compare with BRY stock chart to see long term trends.

BRY Stock Compared to Quarterly

BRY Income Statement

Revenue, Net:255940000
Revenue Per Share:3.1691
Selling, General & Admin Expense:22942000
Total Operating Expenses:146555000
Operating Income:-60161000
Income Taxes:-3351000
Net Income:-56810000
Earnings Per Share, Basic:-0.71
Shares Outstanding, Basic Avg:80760354

BRY Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:39777000
Change in Accounts Receiveable:25648000
Net Cash from Operations:48530000
Net Cash from Operations Per Share:0.6009
Cash Dividends Paid:5236000
Net Cash from Financing Activities:-9293000
Purchases of Businesses, Net of Cash:18932000
Net Cash from Investing Activities:-36560000
Net Change in Cash & Equivalents:2677000

BRY Balance Sheet

Cash and Cash Equivalents:17960000
Accounts Receivable, Net:111961000
Total Current Assets:166488000
Property, Plant & Equipment, Net:109639000
Total Assets:1494727000
Total Short-Term Liabilities:246556000
Long Term Debt, Non-Current Portion:394846000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Oaktree Capital Management LP
12,913,313 sh
 
$133,265
Benefit Street Partners LLC
12,703,275 sh
 
$131,098
Hotchkis & Wiley Capital Management LLC
4,981,860 sh
1,517,770 sh
44%
$51,413
$22,245
Blackrock Inc.
4,727,569 sh
-151,863 sh
-3%
$48,786
$7,701
FMR LLC
4,128,954 sh
-132,058 sh
-3%
$42,611
$6,733
Alliancebernstein L.P.
3,846,497 sh
-7,800 sh
0%
$39,696
$7,243
Vanguard Group Inc
3,786,472 sh
13,481 sh
0%
$39,076
$7,307
Allspring Global Investments Holdings, LLC
2,473,993 sh
31,607 sh
1%
$25,531
$4,967
Allspring Global Investments Holdings, LLC
2,442,386 sh
 
$20,564
Dimensional Fund Advisors LP
1,823,380 sh
243,867 sh
15%
$18,818
$5,519
Heartland Advisors Inc
1,303,600 sh
-119,300 sh
-8%
$13,453
$1,472
Western Asset Management Company, LLC
1,219,773 sh
 
$12,588
Geode Capital Management, LLC
1,175,341 sh
19,947 sh
2%
$12,129
$2,401
Northern Trust Corp
914,045 sh
-35,477 sh
-4%
$9,434
$1,439
South Dakota Investment Council
633,936 sh
-182,744 sh
-22%
$6,542
-$334
Acadian Asset Management LLC
604,108 sh
63,421 sh
12%
$6,232
$1,681
Bank Of New York Mellon Corp
599,135 sh
10,668 sh
2%
$6,183
$1,227
JPMorgan Chase & Co
552,174 sh
-656,005 sh
-54%
$5,698
-$4,475
American Century Companies Inc
416,406 sh
97,868 sh
31%
$4,297
$1,615
Sprott Inc.
360,285 sh
-80,982 sh
-18%
$3,718
$753
COMPANY PROFILE
Basis of Presentation and Significant Accounting Policies “Berry Corp.” refers to Berry Corporation (bry), a Delaware corporation, which is the sole member of each of its three Delaware limited liability company subsidiaries: (1) Berry Petroleum Company, LLC (“Berry LLC”), (2) CJ Berry Well Services Management, LLC (“C&J Management”) and (3) C&J Well Services, LLC (“CJWS”). As the context may require, the “Company”, “we”, “our” or similar words refer to Berry Corp. and its consolidated subsidiary, Berry LLC, and as of October 1, 2021 this also includes CJWS and C&J Management.

As of October 1, 2021, we now operate in two business segments: (i) development and production (ii) well servicing and abandonment. The development and production segment is engaged in the development and production of onshore, low geologic risk, long-lived conventional oil reserves primarily located in California, as well as Utah. On October 1, 2021, we completed the acquisition of one of the largest upstream well servicing and abandonment businesses in California, which became a reportable segment (wells servicing and abandonment) under U.S. GAAP.

Nature of Business

We are an independent upstream energy company focused on the development and production of onshore, low geologic risk, long-lived conventional oil reserves, primarily located in California, with newly acquired well servicing and abandonment capabilities in California.

Berry Corp. was incorporated under Delaware law in February 2017 and its common stock began trading on NASDAQ under the symbol “bry” in July 2018. Berry Corp. operates through its three wholly owned subsidiaries. Berry LLC owns and operates our oil and gas assets, all of which are located onshore in the United States (the “U.S.”), in California (in the San Joaquin basin) and Utah (in the Uinta basin). In January 2022, we divested our natural gas properties in the Piceance basin of Colorado. Effective as of October 1, 2021, we completed the acquisition of one of the largest upstream well servicing and abandonment businesses in California (the “C&J Well Services Acquisition”), this business is owned and operated through CJWS.

Principles of Consolidation and Reporting

The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”), which requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We eliminated all significant intercompany transactions and balances upon consolidation. For oil and gas exploration and production joint ventures in which we have a direct working interest, we account for our proportionate share of assets, liabilities, revenue, expense and cash flows within the relevant lines of the financial statements.

Segment Reporting

The Company has two reportable segments. Reportable segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), our Chief Executive Officer, in deciding how to allocate resources and assess performance.

The Development and Production segment consists of the development and production of onshore, low geologic risk, long-lived conventional oil reserves, primarily located in California, as well as Utah.

The Well Servicing and Abandonment segment provides wellsite services in California to oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics.

Use of Estimates

The preparation of the accompanying consolidated financial statements in conformity with GAAP required management of the Company to make informed estimates and assumptions about future events. These estimates and the underlying assumptions affect the amount of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses.

Estimates that are p

Data imported from Berry Corp. SEC filings. Check original filings before making any investment decision.