Brief: Berry Corporation Q2 Free Cash Flow USD -26 Million

Berry (Bry)

06/08/2025 21:05

Overview

Berry Q2 net income $34 mln, EPS $0.43, improved from prior quarter loss

Co reduced debt by $11 mln, declared $0.03/share dividend

Outlook

Berry reaffirms FY25 guidance with production between 24,800 and 26,000 boe/d

Company expects FY25 capital expenditures between $110 mln and $120 mln

Berry hedged 71% of oil production for 2025 at $74.59/Bbl

Company anticipates strong free cash flow generation through year-end

Result Drivers

DRILLING COMPLETION - Full year drilling activity completed, positioning Berry for sequential production growth, per CEO Fernando Araujo

FRAC OPERATIONS - Early startup of frac operations pulled forward portion of full-year capex into Q2

HEDGING STRATEGY - 71% of oil volumes hedged for remainder of 2025 at $74.59/Bbl, supporting cash flow protection

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.43
Q2 Net Income
$34 mln
Q2 Adjusted EBITDA
$53 mln
Q2 Capex
$54 mln
Q2 Dividend
$0.03
Q2 Free Cash Flow
-$26 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Berry Corporation (Bry) is $4.50, about 34.4% above its August 5 closing price of $2.95

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nGNX7s5J4q

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)