Berry Petroleum's Q3 Loss: A Volatile Energy Sector

Berry Petroleum Corporation reports a significant third-quarter loss, with a net loss of twenty-six million dollars, translating to a loss of thirty-four cents per share. Despite this, adjusted earnings narrowed to eight cents per share. The companys revenue stood at one hundred fifty-one point one million dollars, with adjusted revenue at one hundred thirty-two point five million dollars. The companys stock, however, has seen a notable decline, closing at three dollars and thirty-two cents, a stark contrast to last years five dollars and thirty-one cents. This reflects the volatile nature of the energy sector, where companies like Berry Petroleum face fluctuating market conditions and operational costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.