Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 16000 Dallas Pkwy Ste 100 DALLAS TX 75248-6625 |
Tel: | 1-661-6163811 |
Website: | https://bry.com |
IR: | See website |
Key People | ||
Danielle E. Hunter President | Fernando Araujo Chief Executive Officer, Director | Michael Helm Chief Financial Officer, Chief Accounting Officer, Vice President |
Business Overview |
Berry Corporation (bry) is an independent upstream energy company. The Company operates through two segments: exploration and production (E&P) and well servicing and abandonment (CJWS). The E&P segment consists of the development and production of onshore, low geologic risk, long-lived conventional oil and gas reserves, primarily located in California, as well as Utah. Its California operating area consists of properties located in Midway-Sunset, South Belridge, McKittrick and Poso Creek fields in the San Joaquin basin in Kern County. The Company operates Uinta basin operations in the Brundage Canyon, Ashley Forest, and Lake Canyon areas in Utah. The well servicing and abandonment segment provides wellsite services in California for oil and natural gas production companies, with a focus on well servicing, well abandonment services and water logistics. The Company's subsidiaries include Berry Petroleum Company, LLC; CJ Berry Well Services Management, LLC; and C&J Well Services, LLC. |
Financial Overview |
For the fiscal year ended 31 December 2023, Berry Corporation (Bry) revenues decreased 2% to $903.5M. Net income decreased 85% to $37.4M. Revenues reflect Exploration and Production segment decrease of 22% to $684.9M, Natural Gas - Production - Total decrease of 13% to 3.21B cubic feet, Oil Equivalent Production (Units/day) decrease of 3% to 21K barrels per day. |
Employees: | 1,282 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,024M as of Dec 31, 2023 |
Annual revenue (TTM): | $903.46M as of Dec 31, 2023 |
EBITDA (TTM): | $290.04M as of Dec 31, 2023 |
Net annual income (TTM): | $37.40M as of Dec 31, 2023 |
Free cash flow (TTM): | $47.34M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $423.16M as of Dec 31, 2023 |
Shares outstanding: | 76,333,111 as of Feb 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |