secwatch.observer — SEC 8-K summary
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Issuer:     Berry Corp (bry) (—)
CIK:        0001705873
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001705873-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Berry Corp Q1 net loss $40M; adjusted EPS $0.14; production 25.4K boe/d above guidance
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- Net loss of $40M ($0.53 diluted loss) vs net loss $6M YoY; adjusted net income $11M ($0.14) vs $5M.
- Revenue $166M flat YoY; production 25,400 boe/d, above 2024 guidance midpoint of 25,200 boe/d.
- Declared Q1 fixed dividend of $0.12/share; signed farm-in for four Utah horizontal wells expected on production by June 2024.
- Acquired all 2024 CA GHG allowances at 7% discount; follow-on acquisition of ~100 boe/d in Kern County in process.
- Zero recordable/lost-time incidents for second consecutive quarter; issued 2023 sustainability report with 80% methane reduction goal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705873/000170587324000030/0001705873-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705873/000170587324000030/bry-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001705873-24-000030

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