OverviewSuggest Edit

Berry Petroleum, an independent upstream energy company, engages in the development and production of conventional oil reserves.
TypePublic
Founded1909
HQBakersfield, CA, US
Websitebry.com
Employee Ratings4.2

Latest Updates

Job Openings1
Revenue (FY, 2018)$411 M(+29%)
Share Price (Sept 2021)$5.9(-1%)
Cybersecurity ratingAMore

Key People/Management at Berry Petroleum

Cary Baetz

Cary Baetz

EVP & Chief Financial Officer
Fernando Araujo

Fernando Araujo

EVP & Chief Operating Officer
Danielle Hunter

Danielle Hunter

EVP, Corporate Secretary & General Counsel
Kurt Neher

Kurt Neher

EVP, Business Development
Renée Hornbaker

Renée Hornbaker

Board Member
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Berry Petroleum Office Locations

Berry Petroleum has offices in Bakersfield and Dallas
Bakersfield, CA, US (HQ)
11117 River Run Blvd
Dallas, TX, US
16000 Dallas Pkwy #500
Show all (2)

Berry Petroleum Financials and Metrics

Berry Petroleum Revenue

Berry Petroleum's revenue was reported to be $410.99 m in FY, 2018 which is a 28.6% increase from the previous period.
USD

Revenue (FY, 2018)

411.0m

Revenue growth (FY, 2017 - FY, 2018), %

28.6%

Net income (FY, 2018)

147.1m

Market capitalization (20-Sept-2021)

474.8m

Closing stock price (20-Sept-2021)

5.9

Cash (31-Dec-2018)

68.7m

EV

797.9m
Berry Petroleum's current market capitalization is $474.8 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2015FY, 2017FY, 2018

Revenue

670.0m921.3m978.6m319.7m411.0m

Revenue growth, %

29%

General and administrative expense

52.8m61.7m71.8m86.0m56.0m79.2m

Operating expense total

52.8m61.7m71.8m1.6b253.3m299.4m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

244.3m139.2m197.6m243.5m239.2m244.0m229.7m244.8m276.9m286.9m318.4m169.3m177.9m179.3m91.3m108.6m113.2m

General and administrative expense

12.2m12.4m16.3m15.9m14.9m17.7m18.0m17.8m22.3m19.4m17.8m21.2m37.1m21.6m25.2m24.7m15.4m

Operating expense total

12.2m12.4m16.3m15.9m14.9m17.7m18.0m17.8m22.3m19.4m17.8m21.2m37.1m21.6m25.2m24.7m15.4m

Depreciation and amortization

73.0m63.1m63.1m58.8m41.2m40.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2017FY, 2018

Cash

278.0k298.0k312.0k33.9m68.7m

Accounts Receivable

93.4m116.0m122.2m54.7m57.4m

Prepaid Expenses

14.0m5.3m4.2m3.7m

Inventories

11.5m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2015FY, 2017FY, 2018

Net Income

82.5m(228.1m)171.5m(1.0b)(21.1m)147.1m

Depreciation and Amortization

182.7m215.8m227.7m251.4m68.5m86.3m

Accounts Payable

5.3m25.0m20.0m6.6m19.5m

Cash From Operating Activities

367.2m455.9m501.4m122.5m107.4m103.1m
USDQ2, 2010

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.4 x
Show all financial metrics

Berry Petroleum Operating Metrics

FY, 2017FY, 2018

Gas Liquids (NGL), Mbbl

1 k1 k

Gas Proven and Probable Reserves, Bcf

237143

Oil and Gas Reserves, mmboe

141143

Proved Developed Reserves, mmboe

8687
Show all operating metrics

Berry Petroleum Acquisitions / Subsidiaries

Company NameDateDeal Size
Berry Petroleum Company

Berry Petroleum Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Berry Petroleum Online and Social Media Presence

Embed Graph

Berry Petroleum News and Updates

Berry Petroleum to Report Third Quarter 2019 Results November 7 Before Market; Hold Conference Call November 7 After Market

DALLAS, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) today announced it will report its third quarter 2019 financial results on Thursday, November 7, 2019 before the open of U.S financial markets. 

Berry Petroleum Reports Second Quarter 2019 Results; Announces Quarterly Dividend

DALLAS, Aug. 07, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported net income of $32 million or $0.39 per diluted share and adjusted net income of $20 million or $0.25 per diluted share for the second quarter of 2019. In addition, the Boar…

Berry Petroleum to Report Second Quarter 2019 Results August 7; Hold Conference Call August 8

DALLAS, July 10, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) today announced it will report its second quarter 2019 financial results on Wednesday, August 7, 2019 after the close of U.S financial markets. 

Berry Petroleum to Host Analyst & Investor Day May 16, 2019 in New York

DALLAS, April 29, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (the “Company”) today announced that as indicated during its year-end earnings call, it plans to host an analyst and investor day in New York City on May 16, 2019, beginning at 8:30 am ET and concluding before 1 p…

Berry Petroleum Sees Minimal Impact From Proposed California Bill AB 345

DALLAS, April 25, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) today announced that on Monday, April 22, the California Assembly's Natural Resources Committee passed Assembly Bill 345. The bill, which is sponsored by several environmental justice gro…

Berry Petroleum to Report First Quarter 2019 Results May 8; Hold Conference Call May 9

DALLAS, April 11, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) today announced it will report its first quarter 2019 financial results on Wednesday, May 8, 2019 after the close of U.S. financial markets. 
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Berry Petroleum Blogs

Berry Corporation (bry) Announces New $200 Million Reserve Based Lending (RBL) Facility and Repurchases under its Previously Announced Share Repurchase Program

DALLAS, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“bry” or the “Company”) today announced entry into a credit agreement, effective August 26, 2021, for a new Reserve Based Lending (RBL) facility with a borrowing base of $500 million and $200 million commitment. The pos…

Berry Corporation (bry) Reports Second Quarter 2021 Results and Announces Quarterly Dividend Increase

DALLAS, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry”, “bry” or the “Company”) announced that it will increase its quarterly common stock dividend to $0.06 per share beginning with the dividend declared by the Board of Directors for the third quarter of 2021. The p…

Berry Corporation (bry) To Report Second Quarter 2021 Results August 3; Hold Conference Call August 4

DALLAS, July 01, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“bry” or the “Company”) today announced it will report its second quarter 2021 financial results on Tuesday, August 3, 2021, after the close of U.S. financial markets. It will host a conference call on Wednesday, The po…

Berry Corporation (bry) Q2 2021 Earnings Call

Click here for webcast The post Berry Corporation (bry) Q2 2021 Earnings Call appeared first on Berry Corporation (bry).

Berry Corporation (bry) Reports Strong First Quarter 2021 Results on Improved Production, Lower Operating Costs, Gas Purchase Hedging Strategy and Higher Gas Sales; Declares Quarterly Dividend

DALLAS, May 04, 2021 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“bry” or the “Company”) today reported net loss of $21 million or $0.27 per diluted share and Adjusted Net Income (1) of $6 million or $0.07 per diluted share for the first quarter of 2021. The post Berry Corporation (br…

Community Voices: We need climate change solutions for all Californians

Supporting Materials: Bakersfield Californian Newspaper Community Voices Opinion Article When it comes to fighting climate change, California has taken a... Read more » The post Community Voices: We need climate change solutions for all Californians appeared first on Berry Corporation (bry).
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Berry Petroleum Frequently Asked Questions

  • When was Berry Petroleum founded?

    Berry Petroleum was founded in 1909.

  • Who are Berry Petroleum key executives?

    Berry Petroleum's key executives are Cary Baetz, Fernando Araujo and Danielle Hunter.

  • What is Berry Petroleum revenue?

    Latest Berry Petroleum annual revenue is $411 m.

  • Who are Berry Petroleum competitors?

    Competitors of Berry Petroleum include Twin Butte Energy, Tenth Avenue Petroleum and Tamaska Oil and Gas.

  • Where is Berry Petroleum headquarters?

    Berry Petroleum headquarters is located at 11117 River Run Blvd, Bakersfield.

  • Where are Berry Petroleum offices?

    Berry Petroleum has offices in Bakersfield and Dallas.

  • How many offices does Berry Petroleum have?

    Berry Petroleum has 2 offices.