Company Overview - Amplify Energy Corp. is an independent oil and natural gas company involved in the acquisition, development, exploitation, and production of oil and natural gas properties [2] - The company's operations are primarily located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana [2] Upcoming Financial Reporting - Amplify Energy will report its second quarter 2025 financial and operating results after the U.S. financial markets close on August 6, 2025 [1]

Core Viewpoint - Amplify Energy Corp. is focusing on strategic initiatives to simplify its portfolio, reduce debt, and enhance shareholder value through divestitures and operational optimization [2][3][5]. Strategic Initiatives - The company is committed to simplifying its portfolio and focusing on attractive investment opportunities to create shareholder value [2]. - Amplify has engaged TenOaks Energy Advisors to explore the divestiture of its assets in East Texas and Oklahoma, aiming to reduce debt and lower general and administrative costs [3]. - The potential sale of these assets is expected to allow Amplify to accelerate its development program at Beta and pursue cost-saving opportunities at Bairoil [4]. Executive Leadership Changes - Effective July 22, 2025, Martyn Willsher has stepped down as President and CEO, with Dan Furbee promoted to CEO and Jim Frew promoted to President and CFO [5][6]. - The Board of Directors believes the new leadership team can effectively implement the focused strategic plan [6]. Company Overview - Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, and production of oil and natural gas properties, with operations primarily in Oklahoma, the Rockies, federal waters offshore Southern California, and East Texas/North Louisiana [7].

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]

Company Overview - Amplify Energy (NYSE: AMPY) recently sold its non-operated Eagle Ford assets for $23 million, which is considered a fair price based on an estimated valuation of 0.7x to 0.8x PD PV-10 at current strip prices, providing the company with additional liquidity [2]. Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a top-rated analyst on TipRanks. He co-founded a mobile gaming company that was acquired by PENN Entertainment and has designed in-game economic models for mobile apps with over 30 million combined installs [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].

Core Points - Amplify Energy Corp. has completed its semi-annual borrowing base redetermination, affirming the borrowing base at $145 million [1][2] - The next borrowing base redetermination is expected in the fourth quarter of 2025 [1] - The CEO expressed gratitude to lenders for reaffirming the borrowing base despite commodity price volatility [2] - The company aims to generate free cash flow and manage liquidity through strong hedge positions and cost reduction efforts [2] - Amplify Energy is focused on portfolio optimization opportunities to accelerate its development program at Beta [2] Company Overview - Amplify Energy Corp. is an independent oil and natural gas company involved in 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]

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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HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) ("Amplify" or the "Company") today announced that it has appointed Clint Coghill to its Board of Directors (the "Board") as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill's appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, "Stoney Lonesome"), the beneficial owners of approximately ...

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]