Berry Corporation (NASDAQ:BRY) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET

Company Participants

Todd Crabtree - Manager of Investor Relations
Fernando Araujo - Chief Executive Officer & Director
Mike Helm - Vice President, Chief Accounting Officer & Chief Financial Officer
Danielle Hunter - President

Conference Call Participants

Charles Meade - Johnson Rice

Operator

Good day, and thank you for standing by. Welcome to the Berry Corporation Q1 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Todd Crabtree, Investor Relations. Please go ahead.

Todd Crabtree

Thank you, Gerald and welcome everyone, and thank you for joining us for Berry's first quarter 2024 earnings teleconference. Earlier today, Berry issued an earnings release, highlighting 2024 first quarter results. Speaking this morning will be Fernando Araujo, our Chief Executive Officer; Danielle Hunter, our President; 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 in today's discussion contains 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 including our 10-Q, which will 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 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 also post the 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. In the first quarter, we delivered solid financial and operational results, generating adjusted EBITDA of $69 million and producing 25,400 barrels a day. These results are in line with projections and we expect to deliver full year results consistent with the guidance provided in March.