Call Start: 11:00 January 1, 0000 11:18 AM ET Berry Corporation (NASDAQ:BRY) Q2 2023 Earnings Conference Call August 2, 2023 11:00 am ET Company Participants Todd Crabtree - Head, IR Fernando Araujo - CEO Mike Helm - VP, CFO & CAO Conference Call Participants Charles Meade - Johnson Rice Tim Chatard - Meros Investment Management Operator Good day and thank you for joining us. Welcome to the Berry Corporation Q2 2023 Earnings Call. At this time, all participants are in listen-only mode. After the speakers' p ...

__________ (1) These revenues do not include hedge settlements. __________ (1) These revenues do not include hedge settlements. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|----------|-------|-------|--------------------------------------------------------|------------------------------------------|------------------------|-------|------------------------| | | | E&P | | Well | Three \nJune \nServicing and Abandonment \n(in | Mo ...

Berry Corporation. (NASDAQ:BRY) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Todd Crabtree - IR Fernando Araujo - CEO Michael Helm - CFO Conference Call Participants Charles Meade - Johnson Rice Nicholas Pope - Seaport Research Steve Busch - ERI Operator Good day and thank you for standing by. Welcome to the Berry Corporation First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, today’s conference is being recorded. I would like to now turn the conference ...

公司概况 - Berry公司是一家专注于西部美国的独立上游能源公司，主要关注加利福尼亚州圣华金盆地和犹他州Uinta盆地的传统油气储量[30] 股东回报 - 自2018年IPO以来，Berry公司已向股东返还3.42亿美元，占IPO收益的311%，其中包括2.38亿美元的固定和浮动股息以及1.04亿美元的股票回购[30] - Berry公司的股东回报模型基于调整后的自由现金流，计划每季度支付0.12美元的固定股息[33] - 调整后的自由现金流的80%用于债务或股票回购等战略增长，20%用于变动股息[34] - Berry公司通过绩效限制股奖励和短期激励计划来展示对股东回报的关注[34] 业务运营 - Berry公司通过监控生产、E&P现场运营效率、HSE结果、一般和行政费用以及井务和废弃业务的表现来评估业务[32] - 石油和天然气生产是Berry公司运营绩效的关键驱动因素，对业务成功至关重要[34] - 公司的运营受到严格的联邦、州和地方法律法规的影响，包括钻井、完井、运营、维护或废弃井或设施等方面[40] 商品价格影响 - Berry公司的运营和财务结果受商品价格的影响，包括全球地缘政治、经济条件和市场因素的波动[36] - 平均布伦特原油价格在2023年第一季度较2022年第四季度和2022年第一季度分别下降7%和16%[39] - 加州石油价格受布伦特影响，主要通过当地供需动态和第三方运输确定[38] - 加州燃气购买价格取决于洛矶山区和SoCal Gas城市门指数，2023年第一季度平均购买价格为20.74美元/mmbtu[39] 财务状况 - 2023年第一季度，公司总资本支出约为2,100万美元，其中92%用于加利福尼亚运营，8%用于犹他运营[46] - 2023年第一季度，公司平均日产量为24.3万桶油当量，较2022年同期下降2.4%[47] - 2023年第一季度，公司总收入和其他收入达到25.5亿美元，较2022年同期增长31%[51] 财务指标 - 调整后的EBITDA、调整后的自由现金流、调整后的净收入（亏损）和调整后的总部及行政费用是公司管理和外部用户使用的补充非GAAP财务指标[66] - 调整后的EBITDA为59337千美元，较2022年12月31日的77508千美元下降[69] - 调整后的自由现金流为-26681千美元，较2022年12月31日的55803千美元下降[70] - 2023年3月31日，调整后的净收入为5,307千美元，每股0.07美元[73] 资本结构 - 公司目前预计用经营活动现金流资助2023年的资本支出，截至2023年3月31日，公司拥有179百万美元的流动性[75] - 公司于2018年2月发行了4亿美元的7.0%到期于2026年的优先无抵押债券[77] - 公司于2020年2月启动了7,500万美元的债务回购计划[77]

Year-over-year our overall production was flat, excluding the effect of our acquisitions and divestitures in 2022 and 2021. We drilled 85 wells in 2022, of which 72 were in California and consisted of 51 producing wells 13 injector and other wells and 8 delineation wells. We also drilled 13 wells in Utah. Exclusive of the capital expenditures noted above, for the full year 2022, we spent approximately $20 million on plugging and abandonment activities, exceeding our annual obligation requirements under Cali ...

Berry Corporation (NASDAQ:BRY) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Todd Crabtree - IR Fernando Araujo - CEO Michael Helm - CFO Conference Call Participants Charles Meade - Johnson & Rice Nicholas Pope - Seaport Research Lloyd Byrne - Jefferies LLC Operator Good day, and thank you for standing by. Welcome to the Berry Corporation Quarter Four and Full Year 2022 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I ...

| --- | --- | --- | --- | --- | |-----------------------|---------------------------------------|-------|-------|----------------------------------| | FOCUSED | | | | | | A Responsible | | | | | | California | | | | | | Energy Partner | | | | | | | | | | | | November 2022 | Scan with phone camera to browse to | | | | | INVESTOR PRESENTATION | IR Reports Page | | | | | | | | | bry.com ir@bry.com 661-616-3811 | 1 Disclaimer The information in this document includes forward-looking statements within the meanin ...

Berry Corporation (NASDAQ:BRY) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Todd Crabtree - Director, Investor Relations Trem Smith - Board Chair and CEO Fernando Araujo - Executive Vice President and COO Cary Baetz - Executive Vice President and CFO Conference Call Participants Michael Furrow - Johnson Rice & Company Steve Busch - Everglades Resources Incorporated Carter Dunlap - Dunlap Equity Management Operator Good day and thank you for standing by. Welcome to the B ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________ to _______________ Commission file number 001-38606 Berry Corporation (bry) (Exact name of registrant as specified in its charter) Delaware (State of ...

| --- | --- | --- | --- | --- | |-----------------------|---------------------------------------|-------|-------|----------------------------------| | FOCUSED | | | | | | A Responsible | | | | | | California | | | | | | Energy Partner | | | | | | | | | | | | August 2022 | Scan with phone camera to browse to | | | | | INVESTOR PRESENTATION | IR Reports Page | | | | | | | | | bry.com ir@bry.com 661-616-3811 | 1 Disclaimer The information in this document includes forward-looking statements within the meaning ...