Berry Petroleum: Q2 Earnings Snapshot
DALLAS (AP) _ Berry Petroleum Corp. (BRY) on Wednesday reported second-quarter net income of $43.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, came to 64 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The independent upstream energy company posted revenue of $253.1 million in the period.
Berry Petroleum shares have risen 3% since the beginning of the year. The stock has risen 55% in the last 12 months.