BRY - Berry Non-GAAP EPS of $0.64 misses by $0.02 revenue of $253.13M beats by $44M

• Berry press release ( NASDAQ: BRY ): Q2 Non-GAAP EPS of $0.64 misses by $0.02 .
• Revenue of $253.13M (+155.0% Y/Y) beats by $44M .
• The company reported daily production of 26,200 boe/d for the second quarter 2022, compared to 26,700 boe/d for the first quarter of 2022.
• The company's oil production for the second quarter 2022 was 24,000 bbl/d, or 92% of total production, with California production contributing 21,000 boe/d or 80% of total production.
• The company expects full year capital will be at the lower end of its guidance range due to a shift in its development plans to reuse existing wellbores.
• Reaffirmed FY 2022 cash dividends expected at $1.60 - $1.90 per share, based on current plan and commodity strip prices.
• Full-Year 2022 Guidance: Average Daily Production of 25,500-  27,500 (boe/d).

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