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Berry's (BRY) CEO Trem Smith on Q1 2020 Results - Earnings Call Transcript

May 08, 2020 12:34 PM ETBerry Corporation (BRY)1 Comment
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Berry Corporation (NASDAQ:BRY) Q1 2020 Earnings Conference Call May 7, 2020 9:00 AM ET

Company Participants

Todd Crabtree – Manager-Investor Relations

Trem Smith – Board Chair and Chief Executive Officer

Gary Grove – Executive Vice President and Chief Operating Officer

Cary Baetz – Executive Vice President and Chief Financial Officer

Conference Call Participants

Charles Meade – Johnson Rice

Steve Dechert – KeyBanc

Kashy Harrison – Simmons Energy


Ladies and gentlemen, thank you for standing by. Welcome to the Berry Corporation Q1 2020 Earnings Call. [Operator Instructions]

I would now like to hand today’s conference call to Todd Crabtree, Investor Relations. You may begin.

Todd Crabtree

Thank you, Kevin, and welcome to everyone, and we apologize for the delay in the start this morning. Thank you for joining us for Berry’s First Quarter Earnings Teleconference.

Yesterday afternoon, Berry issued an earnings release with our 2020 first quarter results and highlighting our current and planned response to the financial and operating uncertainties caused by COVID-19 and the oil price environment. Addressing these and other issues this morning will be Trem Smith, Board Chair and CEO; Gary Grove, Chief Operating Officer and Executive Vice President; and Cary Baetz, Chief Financial Officer and Executive Vice President.

Trem will discuss Berry’s response to these unprecedented times and plans for the remainder of the year. Gary and then Cary will share further details on how we are addressing the operational and financial issues we are currently facing. Before turning it over for questions, Trem will make a few concluding remarks.

Before we begin, I want to call your attention to the safe harbor language found in our earnings release. The earnings release and 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

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