Berry Corporation (BRY) CEO Trem Smith on Q1 2022 Results - Earnings Call Transcript

May 08, 2022 4:57 AM ETBerry Corporation (BRY) StockBRY
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Q1: 2022-05-04 Earnings Summary

EPS of $0.51 beats by $0.04
 | Revenue of $94.08M (-0.13% Y/Y) misses by $100.22M

Berry Corporation (NASDAQ:BRY) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET

Company Participants

Todd Crabtree - Director, Investor Relations
Trem Smith - Board Chair, Chief Executive Officer and President
Fernando Araujo - Executive Vice President and Chief Operating Officer
Cary Baetz - Executive Vice President and Chief Financial Officer

Conference Call Participants

Leo Mariani - KeyBanc
Charles Meade - Johnson Rice
Steve Busch - Everglades Resources
Nicholas Pope - Seaport Research
Joseph McKay - Wells Fargo

Operator

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

I would now like to hand the conference over to your speaker today, Mr. Todd Crabtree, Investor Relations. Please go ahead sir.

Todd Crabtree

Thank you, Ren and welcome to everyone. Thank you for joining us for Berry's first quarter 2022 earnings teleconference. Earlier today, Berry issued an earnings release highlighting first 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

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