Berry Corporation. (NASDAQ:BRY) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET

Company Participants

Todd Crabtree - IR

Fernando Araujo - CEO

Michael Helm - CFO

Conference Call Participants

Charles Meade - Johnson Rice

Nicholas Pope - Seaport Research

Steve Busch - ERI

Operator

Good day and thank you for standing by. Welcome to the Berry Corporation First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, today’s conference is being recorded.

I would like to now turn the conference over to your host, Todd Crabtree Investor Relations. Todd, please go ahead.

Todd Crabtree

Thank you Eric, and welcome everyone. And thank you for joining us for Berry’s first quarter 2023 earnings teleconference. Earlier today, Berry issued an earnings release highlighting 2023 first quarter results. Speaking this morning will be Fernando Araujo, our Chief Executive Officer; and Mike Helm, our Chief Financial Officer.

Before we begin, I would like to call your attention to the Safe Harbor language found in our earnings release that was issued this morning. The release and today’s discussion contain certain projections and other forward-looking statements within the meaning of federal security laws. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. These include risks and other factors outlined in our filings with the SEC, including our 10-K, to be filed later today. Our website, bry.com, has a link to the earnings release and our most recent investor presentation.

Any information, including forward-looking statements, made on this call or contained in the earning release and that presentation, reflect our analysis as of the date made. We have no plans or duty to update them, except as required by law. Please refer to the tables in our earnings release and on our website for a reconciliation between all adjusted measures mentioned in today’s call and the related GAAP measures. We will also post a replay link of this call and the transcript on our website.

I will now turn the call over to Fernando.

Fernando Araujo

Thanks, Todd. Welcome everyone, and thank you for joining us. I will start today’s call by highlighting a few key takeaways. First, with respect for operational and financial results for the first quarter, we delivered generally in line with expectations and we expect to deliver full-year results consistent with the guidance we provided in February.