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Berry Corp (bry)

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Berry Corp (bry) AI Insights

Informational only. Not investment advice.
As of 2026-01-21

Snapshot

  • Net loss of -90.9M TTM despite 71.9M operating income - interest expense of 58M (81% of operating income) crushing profitability[Net Income TTM]
  • Debt of 401M vs cash of 13M with negative working capital (-34M) - liquidity severely constrained[Total Debt]
  • Operating CFO of 55.4M TTM positive despite net loss - depreciation (38.5M) supporting cash generation[Operating Cash Flow TTM]

Watch Triggers

  • Interest Expense TTM: Exceeds Operating Cash FlowWould signal inability to service debt from operations - restructuring imminent
  • Cash and Equivalents: Falls below 10MLess than 2 months interest coverage triggers covenant/liquidity crisis
  • Total Debt: Any refinancing announcementTerms will reveal market's credit assessment and dilution risk

Bull Case

Operating income of 71.9M TTM shows core business viability - at industry median interest rates, would be profitable

Operating Income TTMEBITDA TTM

PPE of 1.16B provides asset base for refinancing or strategic sale at potential premium to market cap

PPETotal Assets

Bear Case

Interest expense consumes 81% of operating income with debt at 4.4x EBITDA - capital structure unsustainable without oil price spike

Interest Expense TTMTotal DebtEBITDA TTM

Revenue of 671M is 52% of industry median with gross margin 31.5% vs peer mean 27% - subscale operator with limited pricing power

Total Revenue TTMGross Profit TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
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Forward Thesis

Debt burden likely forces asset sales or equity dilution within 12-18 months

3-12mhigh
  • Interest expense 58M vs 55M operating CFO - unsustainable
  • Cash position 13M covers only 2.7 months of interest
  • Capex of 47M consuming 85% of operating cash flow
Debt/EBITDA of 4.4x TTMCash declined from 20M to 13M TTMInterest expense 126% of industry median

Valuation Context

Caveats

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