Thu, 27 Oct 2011 15:20:23 CDT
Berry Petroleum Co. on Thursday posted $134 million in third-quarter net earnings, fueled by a gain on derivatives and sharply higher oil and gas sales. Diluted net earnings for the three months ending Sept. 30 were $2.45 a share. The Denver energy company (NYSE: BRY) posted a loss of $3 million, or 6 cents a share, in the third quarter of 2010. Oil and gas revenue for the most recent quarter was $225.3 million, versus $151.7 million in the year-ago quarter. Berry realized a gain on derivatives of $162...
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