Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value MPO New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission F ...

Amplify Energy Corp. (NYSE:AMPY) Q1 2019 Results Earnings Conference Call May 9, 2019 11:00 AM ET Company Participants Martyn Willsher - Senior Vice President and Chief Financial Officer Ken Mariani - President and Chief Executive Officer Conference Call Participants Operator Welcome to the Amplify Energy First Quarter 2019 Investor Conference Call. Amplify’s operating and financial results were released earlier today and are available on Amplify’s website at www.amplifyenergy.com. During this presentation, ...

Production and Revenue - Average daily oil production decreased by 24.2% to 3,381 Bbls in Q1 2019 compared to 4,463 Bbls in Q4 2018[152] - Average daily natural gas production decreased by 17.9% to 37,919 Mcf in Q1 2019 compared to 46,161 Mcf in Q4 2018[152] - Total revenues for Q1 2019 were $29.153 million, down from $51.789 million in Q1 2018, reflecting a decrease of 43.8%[160] - The company reported a decrease in net Boe/day production by 19.0% to 13,239 Boe in Q1 2019 compared to 16,351 Boe in Q4 2018[152] - Oil production in the Mississippian Lime decreased by 1,183 Boe/day, or 25.9%, for the three months ended March 31, 2019, compared to the same period in 2018[164] - Average oil sales prices decreased by $8.76 per barrel, or 14.0%, due to lower prevailing market prices[164] - Average natural gas sales prices increased by $0.18 per Mcf, or 10.2%, due to higher prevailing index prices at delivery points[166] Expenses and Impairments - The company incurred operational capital expenditures of $6.4 million in the Mississippian Lime basin during Q1 2019[154] - An impairment of $9.7 million was recognized in Q1 2019 due to the full cost ceiling test, impacting net loss and shareholders' equity[156] - Total expenses decreased by $4.1 million, or 9.5%, to $38.98 million for the three months ended March 31, 2019, compared to $43.09 million for the same period in 2018[168] - General and administrative expenses decreased by $3.4 million, or 34.7%, to $6.4 million for the three months ended March 31, 2019[175] - An impairment charge of $9.7 million was recorded during the three months ended March 31, 2019, primarily due to a decrease in the PV-10 value of proven oil and natural gas reserves[173] Cash Flow and Debt - As of March 31, 2019, cash and cash equivalents were $717,000, down from $11,341,000 on December 31, 2018[179] - Net cash provided by operating activities decreased to $13.2 million for the three months ended March 31, 2019, compared to $22.1 million for the same period in 2018, primarily due to a $23.0 million decrease in revenues[192] - Total long-term debt increased to $59.1 million as of March 31, 2019, from $23.1 million on December 31, 2018[179] - The company had $109.0 million available under its Reserve-Based Lending (RBL) facility as of March 31, 2019, with a current borrowing base of $170.0 million[183] - Net cash used in investing activities was $9.5 million for the three months ended March 31, 2019, a decrease from $31.8 million in the same period of 2018, reflecting a pause in drilling activities[193] - Net cash used in financing activities was $14.3 million for the three months ended March 31, 2019, compared to $50.5 million in the same period of 2018[193] - The company is in compliance with its debt covenants as of March 31, 2019, including an EBITDA to interest expense coverage ratio of not less than 2.50:1.00[186] Risk Management and Hedging - The company engages in hedging activities to manage exposure to oil and natural gas price volatility, which may limit the ability to fully benefit from price increases[182] - The company has hedged a significant portion of its future production to mitigate price risk from fluctuations in oil and natural gas prices[217] - The company utilizes fixed price swaps and three-way collars to manage volatility in oil and natural gas prices on a portion of future expected production[218] - The company is exposed to market risks including commodity price risk, interest rate risk, and counterparty risk, managed through a risk management program[215] - The company has not utilized interest rate derivatives historically but may consider them in the future to manage interest rate exposure[220] Regulatory and Compliance - The company is subject to regulatory risks regarding saltwater disposal, which may affect operational costs and production volumes[159] - The company’s management concluded that its disclosure controls and procedures were effective as of March 31, 2019, ensuring timely reporting of required information[223] - There were no changes in the internal control over financial reporting during the quarter ended March 31, 2019, that materially affected the controls[224] Accounting Policies - The company adopted ASU 2016-02, which requires lessees to record a right-of-use asset and a lease liability for all leases longer than 12 months[212] - The company recognized lease payments related to short-term leases on a straight-line basis over the lease term, impacting profit or loss accordingly[200] - The company has made an accounting policy election not to apply lease recognition requirements to short-term leases, recognizing lease payments on a straight-line basis over the lease term[209] - The company is currently evaluating the impact of ASU 2016-13, which introduces an expected loss model for measuring credit losses, but does not anticipate a material impact on consolidated financial statements[213]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o 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 MIDSTATES PETROLEUM COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 45-3691816 (State o ...

Midstates Petroleum Company, Inc. (MPO) Q4 2018 Earnings Conference Call March 14, 2019 9:00 AM ET Company Participants Jason McGlynn - Investor Relations David Sambrooks - President and Chief Executive Officer, Director Conference Call Participants Operator Welcome to the Midstates Petroleum Fourth Quarter and Year End 2018. My name is Kanacia, and I will be facilitating the audio portion of today's interactive broadcast. [Operator Instructions] At this time, I would like to turn the show over to Jason McG ...