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, 2020 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 ...

Berry Corporation (NASDAQ:BRY) Q2 2020 Earnings Conference Call August 5, 2020 9:00 AM ET Company Participants Todd Crabtree - Investor Relations Trem Smith - Board Chair and Chief Executive Officer Gary Grove - Chief Operating Officer and Executive Vice President Cary Baetz - Chief Financial Officer and Executive Vice President Conference Call Participants Leo Mariani - KeyBanc Charles Meade - Johnson Rice Greg Tuttle - Simmons Energy Nicholas Pope - Seaport Global Operator Ladies and gentlemen, thank you ...

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 June 30, 2020 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 incor ...

Financial Data and Key Metrics Changes - The price of Brent crude oil has dropped from around $60 per barrel in late February to approximately $30 per barrel, significantly impacting the company's financial outlook [12][56] - The company reported a $289 million pretax, non-cash impairment charge on its Utah property and certain California locations due to the drop in oil prices [55] - Berry expects to end the year generating approximately $100 million of excess leveraged free cash flow, providing flexibility for managing 2021 [56] Business Line Data and Key Metrics Changes - The company drilled 19 sandstone wells in the first quarter, with 39% of capital spent on facilities and equipping to bring online wells drilled in the previous quarter [28][30] - The capital efficiency for the first half of 2020 is expected to be better than in the past, with maintenance capital historically at $10 to $12 per barrel, but the first quarter saw spending of less than $10 per barrel [88][89] Market Data and Key Metrics Changes - Berry sells about 70% of its California crude at prices tied to Brent, minimizing the financial impact of widening differentials between Brent and California oil markets [33] - Current differentials are about Brent minus $5 to $5.54, with expectations of widening in June and July before normalizing [91][92] Company Strategy and Development Direction - The company has implemented a strategic plan to mitigate the impact of the downturn while preparing to capitalize on future market recoveries [19][64] - A significant cut of over 50% to capital expenditures has been announced, along with a temporary suspension of dividends [21][54] - The company is focused on maintaining safe, environmentally friendly operations and managing relationships with regulatory agencies [24][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unprecedented challenges posed by COVID-19 and the oil price environment but remains confident in the company's ability to navigate through the downturn [11][66] - The company is well-positioned to handle the current market conditions and is focused on cash generation and maintaining liquidity [23][56] Other Important Information - The company has not had any layoffs or furloughs during the pandemic, prioritizing employee health and safety [13][15] - Berry has hedged 24,000 barrels per day of oil at approximately $59.87 Brent through 2020, providing some stability against price fluctuations [51] Q&A Session Summary Question: Can you tell us the degree to which you’ve curtailed wells? - Management confirmed that no wells have been proactively shut in, but some steam injections have been reduced to manage production effectively [70][71] Question: Does the storage suggest producing into storage for later sale? - Management indicated that they are evaluating producing into storage to sell at a later date, depending on market conditions [74][75] Question: Any indication from CalGEM on thermal diatomite wells? - Management stated that the moratorium only affects new projects and they are actively engaged with CalGEM to ensure existing projects are not impacted [78][80] Question: What are the production exit rates for 2020? - Management is not updating guidance at this time but indicated that they are prepared to adjust capital spending based on market conditions [84][85] Question: How should we think about California differentials during Q2? - Management noted that most contracts are Brent-based, and while differentials have widened, they do not expect significant negative impacts due to their pricing structure [91][92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2020 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 inco ...

Berry Corporation (NASDAQ:BRY) Q4 2019 Earnings Conference Call February 27, 2020 9:00 AM ET Company Participants Todd Crabtree - Investor Relations Trem Smith - Board Chair, CEO and President Gary Grove - Chief Operating Officer and Executive Vice President Cary Baetz - Chief Financial Officer and Executive Vice President Conference Call Participants Leo Mariani - KeyBanc Charles Meade - Johnson Rice Operator Good morning ladies and gentlemen and thank you for standing by. Welcome to the Berry Corporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 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 incorpora ...

FOCUSED A Responsible California Energy Partner FEBRUARY 2020 INVESTOR PRESENTATION Nas 1 Disclaimer This presentation includes forward-looking statements involving risks and uncertainties that could materially affect our expected results of operations, liquidity, cash flows and business prospects. Such statements specifically include our expectations of our future financial position, liquidity, cash flows, results of operations and business strategy, potential acquisition opportunities, other plans and obj ...

Berry Petroleum Corporation (NASDAQ:BRY) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants Todd Crabtree – Investor Relations Trem Smith – Board Chair, CEO and President Gary Grove – Chief Operating Officer and Executive Vice President Cary Baetz – Chief Financial Officer and Executive Vice President Conference Call Participants Leo Mariani – KeyBanc Charles Meade – Johnson Rice Kashy Harrison – Simmons Energy Operator Good afternoon, ladies and gentlemen, and welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 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 PETROLEUM CORPORATION (Exact name of registrant as specified in its charter) Delaware (State ...