24/7 Market News Snapshot 08 May, 2025 – Berry Corporation (bry) Common Stock (NASDAQ:BRY)

May 8, 2025

DENVER, Colo., 08 May, 2025 (www.247marketnews.com) – (NASDAQ:BRY) are discussed in this article.
Berry Corporation (BRY) witnessed a notable increase in its stock price, opening at $2.43 and currently trading at $2.835, representing a remarkable gain of 18.13%. The previous session’s close at $2.40 illustrates a significant upward trend, with current trading volume reaching 1.71 million shares, indicating heightened investor activity and strong market sentiment. The stock breaking through the $2.50 resistance level may attract additional buying interest, suggesting potential for further upward movement towards the next resistance at $3.00. Market observers are advised to watch for potential consolidation or pullbacks, which could present advantageous buying opportunities. Overall, BRY reflects bullish momentum in today’s trading session.

Concurrently, Berry Corporation reported its first-quarter results for 2025, demonstrating resilience and dedication to enhancing shareholder value despite ongoing market fluctuations. The company achieved a production rate of 24.7 MBoe/d, primarily from oil, and maintained its production targets for the year, even amidst a slight decrease associated with planned downtime for drilling activities.

Berry Corporation has announced a return of $2 million to shareholders through a quarterly cash dividend of $0.03 per share, equating to a remarkable annual yield of 5%. The company’s liquidity now stands at $120 million, and it successfully reduced total debt by $11 million, emphasizing a focused approach to financial management.

In spite of reporting a net loss of $97 million, including a non-cash impairment charge, Berry generated a positive operating cash flow of $46 million, showcasing operational effectiveness. Adjusted EBITDA was recorded at $68 million, reflecting robust core performance even in challenging economic conditions.

CEO Fernando Araujo expressed confidence in Berry’s solid business foundation, highlighting the effectiveness of their hedging strategy, which secured 73% of 2025 oil volumes at an attractive $74.69 per barrel, thus safeguarding future cash flows. Berry anticipates early production from new drilling activities in the Uinta Basin by the third quarter and remains committed to sustainability, with plans to release an updated sustainability report soon. A conference call is scheduled for May 8, 2025, for stakeholders to discuss further developments and future prospects.

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