Berry Petroleum: Q2 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Berry Petroleum Corp. (BRY) on Wednesday reported second-quarter net income of $25.8 million.

The Dallas-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring gains, were 15 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The independent upstream energy company posted revenue of $229.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $162.1 million.

Berry Petroleum shares have dropped nearly 3% since the beginning of the year. The stock has dropped slightly more than 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRY at https://www.zacks.com/ap/BRY