Berry Corporation (NASDAQ:BRY) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET

Company Participants

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

Conference Call Participants

Charles Meade - Johnson Rice

Operator

Thank you for standing by and welcome to Berry Corporation's Second Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Todd Crabtree, Investor Relations. Please go ahead, sir.

Todd Crabtree

Thank you, Jonathan, and welcome everyone. Thank you for joining us for Berry's second quarter 2024 earnings teleconference. Earlier today, Berry issued an earnings release highlighting 2024 second 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 of 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 Investor Relations website, ir.bry.com has a link to the earnings release an investor deck aligned with this call, SEC filings and our most recent investor presentation. Any information, including forward-looking statements made on this call are contained in the earnings release and those presentations 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, and welcome, everyone, and thank you for joining us. In the second quarter, we delivered strong financial and operational results, generating adjusted EBITDA of $74 million and producing 25,300 barrels of oil equivalent a day. Our teams continue to perform reliably and with excellence, and we remain on track to deliver results in line with the guidance provided earlier this year.