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Berry Petroleum Corporation (BRY) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Berry Corporation (bry) Reports Second Quarter 2021 Results and Announces Quarterly Dividend ... apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Berry Corporation (bry) Reports Second Quarter 2021 Results globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Operator Ladies and gentlemen, thank you for standing by and welcome to the Berry Corporation Q1 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] I would now like to hand the conference over to your speaker today, Todd Crabtree, Manager of Investor Relations. Thank you and please go ahead. Todd Crabtree Manager of Investor Relations Thank you, Brandy. And welcome to everyone. Thank you for joining us for Berry s First Quarter 2021 Earnings Teleconference. Yesterday afternoon, Berry issued an earnings release highlighting full 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. Trem will discuss our first quarter performance as well as our expectations for remainder of 2021. Fernando and then Cary will share further details ....
Increased sequential oil production 3% and total production 2% to 27,100 boe/d Improving sustainable capital efficiency on development program Generated $16 million of Levered Free Cash Flow (1)
(1) Please see “Non-GAAP Financial Measures and Reconciliations” later in this press release for a reconciliation and more information on these Non-GAAP measures. “We had a strong quarter. By managing the things within our control, we realized growth in our production on improving capital efficiency and record low non-energy operating expenses by enhancing our cost structure,” said Trem Smith, Berry board chair and chief executive officer. “Furthermore, our results underscore the strength of and success of our natural gas hedging program. As unprecedented cold weather covered much of the central and southern parts of the U.S. in February, our natural gas hedges allowed us to sustain our steam operations despite natural gas prices in California ex ....