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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 15 quarters since 2019. Compare with BRY stock chart to see long term trends.

BRY Stock Compared to Quarterly

BRY Income Statement

Revenue, Net:262167000
Revenue Per Share:3.3592
Selling, General & Admin Expense:23388000
Total Operating Expenses:166011000
Operating Income:202544000
Income Taxes:10884000
Net Income:191660000
Earnings Per Share, Basic:2.46
Shares Outstanding, Basic Avg:78044000

BRY Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:39506000
Change in Accounts Receiveable:-23656000
Net Cash from Operations:95762000
Net Cash from Operations Per Share:1.227
Cash Dividends Paid:53569000
Net Cash from Financing Activities:-72543000
Purchases of Businesses, Net of Cash:2190000
Net Cash from Investing Activities:-34241000
Net Change in Cash & Equivalents:-11022000

BRY Balance Sheet

Cash and Cash Equivalents:41473000
Accounts Receivable, Net:93635000
Total Current Assets:181898000
Property, Plant & Equipment, Net:96419000
Total Assets:1524352000
Total Short-Term Liabilities:177798000
Long Term Debt, Non-Current Portion:395432000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Shourie Rajath   Director
50,000 sh at $8
$389,728
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Oaktree Capital Management LP
11,622,000 sh
 
$87,165
Alliancebernstein L.P.
8,847,928 sh
6,648,164 sh
302%
$66,360
$49,598
Hotchkis & Wiley Capital Management LLC
7,212,720 sh
2,230,860 sh
45%
$54,095
$2,682
Blackrock Inc.
5,590,823 sh
-155,832 sh
-3%
$41,933
-$1,857
FMR LLC
5,037,619 sh
319,071 sh
7%
$37,782
$1,827
Vanguard Group Inc
3,688,151 sh
-344,826 sh
-9%
$27,661
-$3,070
State Street Corp
3,070,718 sh
537,227 sh
21%
$23,030
$3,613
Benefit Street Partners LLC
2,757,587 sh
-4,114,548 sh
-60%
$20,682
-$31,684
Dimensional Fund Advisors LP
2,676,137 sh
483,221 sh
22%
$20,072
$3,363
Allspring Global Investments Holdings, LLC
2,647,313 sh
4,855 sh
0%
$19,854
-$281
Geode Capital Management, LLC
1,327,661 sh
30,068 sh
2%
$9,957
$70
Nuveen Asset Management, LLC
1,204,407 sh
426,049 sh
55%
$9,033
$3,102
Heartland Advisors Inc
1,135,400 sh
-26,600 sh
-2%
$8,516
-$338
Western Asset Management Company, LLC
1,045,486 sh
-164,487 sh
-14%
$7,841
-$1,379
Northern Trust Corp
976,206 sh
62,161 sh
7%
$7,322
-$2,112
Invesco Ltd.
906,653 sh
568,269 sh
168%
$6,799
$4,221
Millennium Management LLC
786,258 sh
657,163 sh
509%
$5,897
$4,913
South Dakota Investment Council
707,536 sh
 
$5,307
Bank Of New York Mellon Corp
665,867 sh
38,426 sh
6%
$4,994
$213
Bridgeway Capital Management Inc
652,242 sh
131,000 sh
25%
$4,892
$920
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.