Berry Corporation Earnings Reports

Berry Corporation reported a net loss of $97 million in Q1 2025, impacted by a non-cash impairment. Despite this, the company generated positive operating cash flow, Adjusted EBITDA, and Free Cash Flow. Production was in line with plans, and the company maintained a strong hedge position and increased liquidity while reducing debt.

Berry Corporation's Q4 2024 revenue was $158 million, reflecting a 8% decline year-over-year. The company posted a net loss of $2 million but achieved an adjusted net income of $17 million. Free cash flow remained positive at $24 million, supported by stable production of 26.1 MBoe/d, a 1% increase from Q4 2023.