Berry Petroleum (BRY) Tops Q3 EPS by 76c, updates guidance

Berry Petroleum (NASDAQ: BRY) reported Q3 EPS of $0.91, $0.76 better than the analyst estimate of $0.15. Revenue for the quarter came in at $259.8 million versus the consensus estimate of $186.67 million.

Guidance Update

For the full year 2024, the new Company guidance for Adjusted General & Administrative (G&A)(2) expenses for the E&P Segment & Corp is an increased range of $6.30/boe to $6.50/boe due to inflationary pressure, and for the Well Servicing & Abandonment Segment Adjusted EBITDA(2) is a decreased range of $6 million to $8 million due to local market disruption resulting in lower rates and activity.

For earnings history and earnings-related data on Berry Petroleum (BRY) click here.

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