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]

Financial Data and Key Metrics Changes - Amplify Energy reported a net loss of approximately $5.9 million for Q1 2025, an improvement from a net loss of $7.4 million in the prior quarter, primarily due to a noncash unrealized loss on commodity derivatives [20] - Adjusted EBITDA for Q1 2025 was $19.4 million, a decrease of approximately $2.4 million compared to the previous quarter, attributed to higher lease operating expenses and G&A costs [20] - Lease operating expenses were approximately $37.4 million, reflecting a $2.3 million increase from the prior quarter [11] Business Line Data and Key Metrics Changes - Average daily production was approximately 17.9 MBOE per day, a decrease of 0.6 MBOE per day from the prior quarter, with a commodity mix of 46% oil, 16% NGLs, and 38% natural gas [9] - The Beta field production increased by approximately 35% since early 2024 due to the success of recent completions [5] - The C 54 well in the Beta field achieved an initial production rate of approximately 800 barrels of oil per day, marking it as the strongest well in the program [5][17] Market Data and Key Metrics Changes - The company monetized portions of its Haynesville acreage, generating a total of $9.2 million in net proceeds from three transactions since November 2024 [6][7] - The annual production guidance for 2025 has been adjusted to a range of 19,000 to 20,500 BOE per day due to the reduction of the capital program [11] Company Strategy and Development Direction - The company plans to temporarily defer three development projects at Beta, resulting in capital savings of approximately $50 million, while maintaining a focus on strong free cash flow and a healthy balance sheet [8] - Amplify intends to continue focusing on cost reductions and evaluating portfolio optimization opportunities to accelerate Beta development as market conditions improve [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential of the Beta development program, citing strong results from recent wells and a commitment to maintaining a strong cash flow profile [27][28] - The company is actively monitoring market conditions and will consider adding back wells to the development program if commodity prices improve [35] Other Important Information - The company's total capital investment for Q1 was $23.1 million, with approximately 55% allocated to Beta development [12] - Amplify's liquidity at the end of Q1 was $20 million, with a net debt to last twelve months adjusted EBITDA ratio of 1.3 times [24] Q&A Session Summary Question: What is the goal for bank debt by year-end? - Management aims to generate positive free cash flow and reduce debt, targeting a leverage ratio of half a turn to one turn [31] Question: What oil price is needed to resume development at Beta? - Management indicated that a price in the sixties would be favorable for resuming development, alongside sufficient liquidity [35] Question: Are there other opportunities for portfolio optimization beyond Haynesville? - Management is exploring all potential opportunities in the portfolio to create liquidity and redeploy funds into higher return projects at Beta [36]

Company Performance - Amplify Energy reported quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.11 per share, compared to a loss of $0.24 per share a year ago, indicating an earnings surprise of -9.09% [1] - The company posted revenues of $72.05 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.77%, and down from $76.3 million year-over-year [2] - Over the last four quarters, Amplify Energy has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates [2] Stock Performance - Amplify Energy shares have declined approximately 51.8% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $73.1 million, and for the current fiscal year, it is $0.67 on revenues of $306.2 million [7] Industry Outlook - The Oil and Gas - Exploration and Production - United States industry is currently in the bottom 25% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Amplify Energy's stock performance [5]

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 ...