HOUSTON, July 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2025 financial and operating results after the U.S. financial markets close on August 6, 2025. The release and additional information can be found in the Company’s investor relations section of the website. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and p ...

HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) today announced an update on strategic initiatives and changes to the executive leadership team. Strategic Initiatives Amplify is committed to simplifying its portfolio, focusing capital and management resources on the most attractive investment opportunities, and creating value for shareholders. Amplify intends to become more oil-weighted, reduce debt, lower operating costs, and streamlin ...

Group 1 - Amplify Energy Corp. (NYSE: AMPY) shares have decreased by 50% following the announcement of a proposed merger with Juniper Capital, which has since been terminated [2] - The decline in share price is attributed to concerns regarding the failed merger deal [2] - The Insiders Forum focuses on small and mid-cap stocks that insiders are purchasing, aiming to outperform the Russell 2000 benchmark over time [2]

Core Viewpoint - Amplify Energy Corp. has entered into a definitive agreement to sell its non-operated working interest in Eagle Ford assets to Murphy Exploration & Production Company for $23 million, effective June 15, 2025, with the sale closing on July 1, 2025 [1][2]. Financial Impact - The net proceeds from the sale will be utilized to pay down debt, enhancing the company's liquidity [2]. - With an improved balance sheet, the company is considering the addition of high-return Beta development wells in 2025 that were previously deferred [2]. Strategic Direction - The sale is viewed as a significant step in transforming Amplify Energy into a more streamlined and focused enterprise, with a strategy centered on reducing debt and accelerating development at Beta [3]. - The company believes that monetizing proved reserves and reinvesting in high-return development wells will enhance shareholder value [3]. Company Overview - Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties, with operations focused in Oklahoma, the Rockies, federal waters offshore Southern California, and East Texas/North Louisiana [4].

HOUSTON, May 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination. The redetermination affirmed the borrowing base at $145 million. The next regularly scheduled borrowing base redetermination is expected to occur in the fourth quarter of 2025. Martyn Willsher, Amplify’s President and Chief Executive Officer commented, “I would like to express my appreciation to our synd ...

Company Participation - Amplify Energy Corp. will participate in the 2025 Louisiana Energy Conference on May 28 in New Orleans, LA [1] - Martyn Willsher, President and CEO of Amplify, will join a panel discussion on "Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian" [2] Company Overview - Amplify Energy is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties [3] - The company's operations are concentrated in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and the Eagle Ford (Non-op) [3]

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Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $19.4 million and operating cash flow of $25.5 million for Q1 2025, with production averaging 17,900 BOE per day [7][24] - A net loss of approximately $5.9 million was reported, an improvement from a net loss of $7.4 million in the prior quarter, primarily due to a noncash unrealized loss on commodity derivatives [24][27] - First quarter adjusted EBITDA decreased by approximately $2.4 million compared to the prior quarter, mainly due to higher lease operating expenses and G&A costs [24][26] Business Line Data and Key Metrics Changes - The Beta field development program has shown strong results, with the C54 well producing approximately 800 barrels of oil per day in its first 20 days [7][20] - Production at Beta has increased by approximately 35% since early 2024, with current average production rates at Beta around 5,500 gross or 4,140 net barrels of oil per day [7][12] - The company has deferred three development projects at Beta, resulting in capital savings of approximately $50 million [10][11] Market Data and Key Metrics Changes - The average daily production for Q1 2025 was approximately 17.9 MBOE per day, a decrease of 0.6 MBOE from the prior quarter, influenced by natural gas and GIL volumes affected by a gas imbalance adjustment [12][13] - The company expects total production to increase in subsequent quarters as the gas imbalance in East Texas was resolved [13] Company Strategy and Development Direction - The company remains committed to the long-term potential of the Beta field and plans to prioritize adding back Beta wells as market conditions improve [10][11] - A comprehensive review of the remaining uncommitted 2025 capital budget has been conducted, focusing on maintaining strong free cash flow and a healthy balance sheet [10][11] - The company is exploring additional cost-saving opportunities and evaluating portfolio optimization to enhance shareholder value [33][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential of the Beta development program, supported by strong cash flow profiles from recent wells [31][32] - The company is focused on managing its cost structure and capital allocation prudently in light of recent commodity price fluctuations [33] Other Important Information - The company has completed three Haynesville acreage transactions since November 2024, generating $9.2 million in total proceeds while retaining a 10% working interest in over 30 gross non-operated development opportunities [9][10] - The total capital investment for Q1 was $23.1 million, with approximately 55% allocated to Beta development [16][26] Q&A Session Summary Question: What is the goal for bank debt by the end of the year? - The company aims to generate positive free cash flow and reduce debt, targeting a leverage ratio of half a turn to one turn [36] Question: What oil price is needed to resume development at Beta? - Management indicated that a better oil price, potentially in the $60 range, would facilitate the resumption of development at Beta [39] Question: Are there other portfolio optimization opportunities besides Haynesville? - The company is exploring all potential opportunities in its portfolio to create liquidity and redeploy funds into higher return projects at Beta [40]

Amplify Energy (AMPY) Q1 2025 Earnings Call May 13, 2025 11:00 AM ET Speaker0 Welcome to Amplify Energy's First Quarter twenty twenty five Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on May 2 I'm sorry, 05/12/2025, and are available on Amplify's website at www.amplifyenergy.com. Today's call is being recorded. A replay of the call will be accessible until 05/27/2025 by dialing 806541563 and then entering access code 52458798. A transcript an ...

Amplify Energy (AMPY) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.25 per share when it actually produced earnings of $0.13, delivering a surprise of -48%.Over the last four quarters, the com ...