Berry (NASDAQ:BRY) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$203.7m (down 2.3% from 2Q 2023).

• Net loss: US$8.77m (down by 134% from US$25.8m profit in 2Q 2023).

• US$0.11 loss per share (down from US$0.34 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Berry Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 1.8%.

Performance of the American Oil and Gas industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Berry you should know about.

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