Amplify Energy Corp (NYSE:AMPY) Q1 2021 Earnings Conference Call May 6, 2021 11:00 AM ET Company Participants Jason McGlynn – Senior Vice President and Chief Financial Officer Martyn Willsher – President and Chief Executive Officer Conference Call Participants John White – ROTH Capital Operator Welcome to Amplify Energy’s First Quarter 2021 Investor Conference Call. Amplify’s operating and financial results were released yesterday after market close on May 5, 2021 and are available on Amplify’s website at w ...

Amplify Energy Corp (NYSE:AMPY) Q4 2020 Earnings Conference Call March 11, 2021 11:00 AM ET Company Participants Jason McGlynn - SVP & CFO Martyn Willsher - President, CEO & Director Conference Call Participants John White - ROTH Capital Partners Noel Parks - Tuohy Brothers Operator Welcome to Amplify Energy's Fourth Quarter 2020 Investor Conference Call. Amplify's operating and financial results were released earlier today and are available on Amplify's website at www.amplifyenergy.com. [Operator Instructi ...

Financial Data and Key Metrics Changes - Production for Q3 2020 averaged approximately 27,700 BOE per day, flat compared to Q2 2020 and exceeding internal expectations [6][12] - Adjusted EBITDA for Q3 was approximately $24.8 million, significantly exceeding internal estimates [7] - Free cash flow for Q3 was $16 million, driven by cost reduction efforts [8] - Total net debt as of October 30, 2020, was $243 million, with $260 million outstanding under the revolving credit facility [10] Business Line Data and Key Metrics Changes - Oil production volumes increased by 5% during the quarter to approximately 10,800 barrels per day [6] - Lease operating expenses for Q3 were $27.6 million or $10.86 per BOE, down from $27.8 million or $11.03 per BOE in Q2 [13] - General and administrative (G&A) expenses for Q3 were $6.4 million, with cash G&A totaling $5.6 million or $2.20 per BOE, down from $6.2 million or $2.45 per BOE in Q2 [14] Market Data and Key Metrics Changes - The company has hedged approximately 75% of its Q4 2020 crude oil production at attractive pricing for 2021 [8] - The hedge mark-to-market value as of October 30, 2020, was a net asset position of $13 million [9] - Pricing realizations for NGLs and gas have improved, with the Mid-Con region showing better net backs [25][26] Company Strategy and Development Direction - The company is focused on operational excellence and efficiency, with ongoing cost reduction initiatives [13] - Future capital deployment will consider gas projects, with a focus on free cash flow and project economics [19][29] - The company plans to layer on incremental hedges for 2022 and 2023 as market conditions allow [8] Management's Comments on Operating Environment and Future Outlook - The ongoing COVID-19 pandemic has impacted demand and prices, but the company has demonstrated resilience [32] - Strong free cash flow is expected for the remainder of 2020 and into 2021, positioning the company for future opportunities [32] - Management believes a flat borrowing base with no additional mandatory reductions is likely in the upcoming redetermination process [17] Other Important Information - Capital spending for Q3 was approximately $5 million, with remaining capital spending for the year expected to be $3 million [7] - The company has reduced indebtedness through internally generated free cash flow [10] Q&A Session Summary Question: Borrowing base outlook - Management believes a flat borrowing base is attainable, with no guarantees [17] Question: Capital deployment for gas projects - The company is evaluating gas projects for the 2021 budget, focusing on free cash flow and project viability [19] Question: CEO search status - There is currently no ongoing search for a new CEO, with a review expected in the coming months [21] Question: Hedge monetizations and settlements - No monetizations occurred in the quarter; normal settlements were performed [23] Question: Price realization trends - NGLs and gas prices have improved, with mixed results across different regions [25][26] Question: Low-hanging fruit projects at higher prices - Workover opportunities and gas projects may become more attractive if prices improve [28][29]

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: 001-35512 Amplify Energy Corp. (Exact name of registrant as specified in its charter) Delaware 82-1326219 (State or other jurisdiction o ...