---
title: "Berry | 10-Q: FY2025 Q3 Revenue: USD 151.14 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264488679.md"
datetime: "2025-11-05T19:24:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264488679.md)
  - [en](https://longbridge.com/en/news/264488679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264488679.md)
generator: "portal-rs"
---

# Berry | 10-Q: FY2025 Q3 Revenue: USD 151.14 M

Revenue: As of FY2025 Q3, the actual value is USD 151.14 M.

EPS: As of FY2025 Q3, the actual value is USD -0.34.

EBIT: As of FY2025 Q3, the actual value is USD -2.634 M.

### Exploration and Production (E&P) Segment

-   **Revenue**: Oil, natural gas, and NGL sales were $128.5 million for the three months ended September 30, 2025, a decrease from $154.4 million in the same period in 2024.
-   **Operating Expenses**: Lease operating expenses increased by 6% to $58.1 million in Q3 2025 compared to Q3 2024, primarily due to higher outside services and surface facility costs.
-   **Impairment**: A non-cash pre-tax asset impairment charge of $158 million was recorded in Q1 2025 on non-thermal diatomite proved properties in California.

### Well Servicing and Abandonment Segment

-   **Revenue**: Service revenue was $20.8 million for Q3 2025, down from $25.5 million in Q3 2024, due to decreased activity and rates.
-   **Operating Expenses**: Costs of services decreased by 20% to $18.4 million in Q3 2025 compared to Q3 2024, reflecting lower activity levels.

### Cash Flow

-   **Operating Cash Flow**: Net cash provided by operating activities was $129.9 million for the nine months ended September 30, 2025, compared to $168.9 million in the same period in 2024.
-   **Free Cash Flow**: Free cash flow was calculated as operating cash flow minus capital expenditures, which were $99.7 million for the nine months ended September 30, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to continue focusing on its E&P operations in California and Utah, with a capital expenditure budget for 2025 expected to be between $110 to $120 million.
-   **Pending Merger**: Berry Corporation has entered into a merger agreement with California Resources Corporation, expected to close in Q1 2026, subject to approvals.

### Hedging Strategy

-   **Oil and Gas Derivatives**: The company reported a loss of $4.7 million on oil and gas sales derivatives for Q3 2025, compared to a gain of $75.4 million in Q3 2024.
-   **Natural Gas Purchase Derivatives**: Losses on natural gas purchase derivatives were $16 million in Q3 2025, reflecting higher settlement losses and mark-to-market losses.

### Related Stocks

- [BRY.US](https://longbridge.com/en/quote/BRY.US.md)

## Related News & Research

- [Bri-Chem Renews Extension on its Senior Banking Facility | BRYFF Stock News](https://longbridge.com/en/news/285275987.md)
- [First Community names Terrance Ford, Shell K. Berry to board of directors](https://longbridge.com/en/news/299187816.md)
- [The blacker the berry market: Building a new Black Wall Street, one business at a time](https://longbridge.com/en/news/298839438.md)
- [MongoDB Sees AI, Modernization and Self-Managed Demand Fueling Growth](https://longbridge.com/en/news/298863966.md)
- [GORGIE INTRODUCES BERRY BURST, BRINGING BOLD BERRY FLAVOR AND IT-GIRL STYLE TO MODERN ENERGY](https://longbridge.com/en/news/298831905.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**