Why These Energy Stocks are Losing This Week

3. Berry Corporation (NASDAQ:BRY)

Share Price Decline Between May 13 – May. 20: 17.24%

Berry Corporation (NASDAQ:BRY) is an independent energy company that engages in the acquisition, development, and production of domestic oil and gas reserves primarily in California and Utah.

The share price of Berry Corporation (NASDAQ:BRY) surged earlier this month after the company reported better-than-expected results for its Q1 2025, reporting an adjusted EPS of $0.12 against the estimated $0.08. Berry’s revenue also increased by 39.31% YoY to $182.65 million, beating expectations by $17.15 million. However, the company reported an overall net loss of $97 million for the quarter.

Berry Corporation (NASDAQ:BRY) revealed that 73% of its oil volumes are hedged for the remainder of 2025 at $74.69 per barrel and 63% are hedged for 2026 at $69.42, putting it at a significant competitive advantage in the current market volatility. So the recent fall in share price could be caused by investors taking their profits, as well as the slight decline in crude oil prices over the last week.