BRY - Berry Non-GAAP EPS of $0.51 beats by $0.04 revenue of $210.35M beats by $16.05M

Berry press release (NASDAQ:BRY): Q1 Non-GAAP EPS of $0.51 beats by $0.04. Revenue of $210.35M (+55.5% Y/Y) beats by $16.05M. Reported Adjusted EBITDA of $96M, up 58% from Q4 2021 Produced 26,700 boe/d, which was 91% oil. The Company's oil production for the first quarter 2022 was 24,400 bbl/d, or 91% of total production, up from 89% in the prior quarter with California production contributing 22,200 boe/d. Generated Discretionary Free Cash Flow of $17M including working capital use of $37M. FY 2022 cash returns expected at $1.60 - $1.90 per share, based on current plan and commodity strip prices.

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Berry Non-GAAP EPS of $0.51 beats by $0.04, revenue of $210.35M beats by $16.05M