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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Amplify Energy (AMPY) Q1 2025 Earnings Call May 13, 2025 11:00 AM ET Company Participants James Frew - SVP & CFOMartyn Willsher - President , CEO & DirectorDaniel Furbee - SVP & COO Conference Call Participants Subash Chandra - Equity Research Analyst Operator 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.a ...

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 ...

NYSE: AMPY Amplify Energy Corp. May 2025 Investor Presentation May 12, 2025 Forward Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this presentation that address activities, events or developments that the Company expects, believes or anticipates will or may occur in t ...

Financial Performance - Oil and natural gas sales for Q1 2025 were $70.3 million, a decrease of 6.6% from $75.3 million in Q1 2024[165]. - Net loss for Q1 2025 was $5.9 million, an improvement from a net loss of $9.4 million in Q1 2024[164]. - Adjusted EBITDA for the three months ended March 31, 2025, was $19.444 million, down from $24.901 million in the prior year[186]. - For the three months ended March 31, 2025, the company reported a net loss of $5.861 million, an improvement from a net loss of $9.396 million in the same period of 2024[180]. Production and Sales - Average net production volumes decreased to 17.9 MBoe/d in Q1 2025 from 20.2 MBoe/d in Q1 2024, reflecting a decline of approximately 11.4%[165]. - The average realized sales price increased to $43.76 per Boe in Q1 2025 from $40.89 per Boe in Q1 2024, driven by higher natural gas and NGL prices[165]. - Production volumes for Q1 2025 were approximately 17.9 MBoe/d, down from 20.2 MBoe/d in Q1 2024, indicating a decrease of about 11.4%[203]. - The average realized sales price increased to $43.76 per Boe in Q1 2025 from $40.89 per Boe in Q1 2024, reflecting an increase of approximately 7.3%[203]. Expenses - Lease operating expenses were $37.4 million in Q1 2025, down from $38.3 million in Q1 2024, with per Boe costs rising to $23.28 from $20.78[167]. - General and administrative expenses increased to $10.8 million in Q1 2025 from $9.8 million in Q1 2024, primarily due to higher legal and stock compensation expenses[170]. - The company incurred acquisition and divestiture-related expenses of $1.629 million for the three months ended March 31, 2025, compared to $14,000 in the same period of 2024[186]. - The company expects to incur professional fees and expenses of approximately $3.0 million related to the termination of the contemplated merger with Juniper Capital[189]. Cash Flow and Capital Expenditures - Net cash provided by operating activities increased significantly to $25.501 million for the three months ended March 31, 2025, compared to $7.712 million for the same period in 2024[202]. - Net cash used in investing activities was $21.5 million in Q1 2025, compared to $23.7 million in Q1 2024, showing a reduction of approximately 9.3%[205]. - Total capital expenditures for the three months ended March 31, 2025, were approximately $23.1 million, primarily related to the development program at Beta and drilling activities in East Texas and the Eagle Ford[193]. Debt and Working Capital - As of March 31, 2025, the company had a working capital deficit of $12.5 million, with accrued liabilities of $40.3 million and accounts payable of $19.9 million[195]. - The aggregate principal amount of loans outstanding under the Revolving Credit Facility as of March 31, 2025, was $125.0 million, with $20.0 million available for borrowings[196]. - Net repayments related to the Revolving Credit Facility were $2.0 million in Q1 2025, significantly lower than $25.0 million in Q1 2024[208]. Commodity Derivatives and Market Conditions - The company recognized a net loss on commodity derivative instruments of $14.3 million in Q1 2025, compared to a loss of $16.6 million in Q1 2024[171]. - The company expects commodity prices to remain volatile due to various economic factors, including inflation and geopolitical tensions[153]. - Commodity hedging remains a key strategy for the company, aiming to cover at least 50% - 75% of estimated production from total proved developed producing reserves over a one-to-three-year period[191]. Other Transactions and Events - The company sold certain rights in East Texas for net proceeds of $1.5 million on May 1, 2025[154]. - The contemplated merger with Juniper Capital was terminated on April 25, 2025, with no further effect[155]. - The company received net proceeds of $6.3 million from the purchase and sale of certain rights in East Texas in January 2025[206]. - Shares withheld for taxes amounted to $2.0 million in Q1 2025, compared to $1.7 million in Q1 2024, indicating an increase of approximately 17.6%[208]. - As of March 31, 2025, the company had no off-balance sheet arrangements[209].

Exhibit 99.1 Amplify Energy Announces First Quarter 2025 Results, Beta Development Update and Updated Full-Year 2025 Guidance HOUSTON, May 12, 2025 -- Amplify Energy Corp. (NYSE: AMPY) ("Amplify," the "Company," "us," or "our") announced today its operating and financial results for the first quarter of 2025 and updated full-year 2025 guidance for the Company. Beta Development Program Update 1 Key Financial Results During the first quarter of 2025, the Company reported a net loss of approximately $5.9 milli ...

HOUSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2025 and updated full-year 2025 guidance for the Company. Beta Development Program Update Amplify initiated a development drilling program in the prolific Beta oilfield in 2024 to demonstrate the significant upside potential of the asset and generate strong incremental cash flows for the Company, with results to da ...