Berry Corporation (NASDAQ:BRY) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET

Company Participants

Danielle Hunter - General Counsel

Trem Smith - Board Chair and Chief Executive Officer

Fernando Araujo - Chief Operating Officer and Executive Vice President

Cary Baetz - Chief Financial Officer and Executive Vice President

Conference Call Participants

Michael Ferro - Johnson Rice & Company

Steven Busch - Everglades

Operator

Good day and thank you for standing by. And welcome to the Berry Corporation's Q2 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Danielle Hunter, General Counsel. You may begin.

Danielle Hunter

Thank you. Welcome to everyone. Thanks you for joining us for Berry's second quarter 2022 earnings teleconference. Earlier today, Berry issued an earnings release highlighting second quarter results. Speaking this morning will be Trem Smith, Board Chair and CEO; Fernando Araujo, Chief Operating Officer and Executive Vice President; and Cary Baetz, Chief Financial Officer and Executive Vice President.

Before we begin, I want to call your attention to the safe harbor language found in our earnings release. The release and today's discussion contain certain projections and other forward-looking statements within the meaning of federal securities 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. 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 earnings 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 file our 10-Q later today and also post the replay link of this call and the transcript on our website.

I will now turn the call over to Trem Smith.

Trem Smith

Welcome everyone and thank you for joining us this morning. We delivered solid results in the second quarter of 2022 and the year is trending in-line with our expectations. Berry continues to be a cash flow machine. We have a strong track record of returning capital to our shareholders as we remain on pace to deliver top tier returns going forward. Berry is uniquely positioned to continue returning capital well beyond the current cycle.