Berry Petroleum (BRY) Reports In-Line Q4 EPS
Berry Petroleum (NASDAQ: BRY) reported Q4 EPS of $0.41, in-line with the analyst estimate of $0.41.
Full-Year 2020 Guidance
The Company expects to employ up to three drilling rigs in California during the last three quarters of 2020, and up to one rig throughout most, if not all, of the first quarter of 2020. Additionally, the Company anticipates drilling approximately 195 to 225 gross development wells during 2020, almost all of which will be in California for oil production.
| Full-Year 2020 Guidance | Low | High | |||
| Average Daily Production (MBoe/d) | 29.5 | 32.5 | |||
| Oil as % of Production | ~90% | ||||
| Operating Expenses ($/Boe) | $ | 19.00 | $ | 21.00 | |
| Taxes, Other than Income Taxes ($/Boe) | $ | 4.00 | $ | 4.50 | |
| Adjusted General & Administrative (G&A) expenses ($/Boe) | $ | 4.75 | $ | 5.25 | |
| Capital Expenditures ($ millions) | $ | 125 | $ | 145 | |
| New Drill Wells | |||||
For earnings history and earnings-related data on Berry Petroleum (BRY) click here.