Amplify Energy (AMPY)

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$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Amplify Energy Corp. - AMPY
Prnewswire· 2025-01-15 19:30
Group 1 - Monteverde & Associates PC is investigating Amplify Energy Corp. regarding its proposed merger with Juniper Capital, where Amplify shareholders will retain approximately 61% of the outstanding equity [1] - Monteverde & Associates PC has a successful track record in recovering millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [1] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm encourages shareholders with concerns to contact them for additional information free of charge [3] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, highlighting their commitment to shareholder rights [3] - The firm has a history of litigating and recovering money for shareholders, including cases that have reached the U.S. Supreme Court [2][4]
Amplify Energy Announces Transformational Combination with Juniper Capital’s Upstream Rocky Mountain Portfolio Companies
GlobeNewswire· 2025-01-15 12:00
Core Viewpoint - Amplify Energy Corp. has entered into a definitive merger agreement with Juniper Capital to combine with certain Juniper portfolio companies, significantly enhancing its asset base and operational scale in the oil sector [1] Strategic Rationale and Benefits - The transaction will add approximately 19 million barrels of oil equivalent (MMBoe) of proved developed reserves, with a present value (PV10) of over $330 million, and approximately 287,000 net acres in the DJ and Powder River Basins [2] - Over 115,000 of the net acres are operated and held-by-production, with a high average working interest of approximately 90%, allowing for opportunistic development over time [2] Operating Metrics and Corporate Efficiency - In Q3 2024, the acquired assets had an average daily production of approximately 7,900 net barrels of oil equivalent (Boe), with 81% being oil and 90% liquids [3] - The assets are expected to improve operating metrics across the combined company due to strong margins and low operating costs, with minimal incremental overhead costs anticipated from integration [3] Organic Growth Opportunities - Amplify has identified hundreds of potential high-quality drilling locations to complement its existing development inventory, targeting formations in the DJ and Powder River Basins [4] Accretion and Synergies - The transaction is expected to be significantly accretive to free cash flow in 2025 and over a five-year horizon, with material synergies anticipated from optimizing overhead and income tax savings [5] Future Consolidation Opportunities - The large acreage position in premier Rocky Mountain Basins provides a core area for future consolidation opportunities, allowing for accretive bolt-on acquisitions from smaller private companies or non-core assets of larger operators [6] Management and Board Changes - Edward Geiser and Josh Schmidt from Juniper Capital will join Amplify's Board of Directors, while Amplify's management team will lead the combined company [8]
Amplify Energy Announces Transformational Combination with Juniper Capital's Upstream Rocky Mountain Portfolio Companies
Newsfilter· 2025-01-15 12:00
Core Viewpoint - Amplify Energy Corp. has entered into a definitive merger agreement with Juniper Capital to combine with certain Juniper portfolio companies, enhancing its oil-weighted producing assets and leasehold interests in the DJ and Powder River Basins [1] Strategic Rationale and Benefits - The transaction will add approximately 19 million barrels of oil equivalent (MMBoe) of Proved Developed Reserves, with a present value (PV10) exceeding $330 million [2] - Amplify will gain around 287,000 net acres in the DJ and Powder River Basins, with over 115,000 acres being operated and held-by-production, allowing for opportunistic development over time [2] Operating Metrics and Corporate Efficiency - The acquired assets had an average daily production of approximately 7,900 net barrels of oil equivalent (Boe) in Q3 2024, with 81% being oil and 90% liquids [3] - The integration of these assets is expected to improve operating metrics and corporate efficiency with minimal incremental overhead costs [3] Organic Growth Opportunities - Amplify has identified hundreds of potential high-quality drilling locations to complement its existing development inventory, targeting formations in the DJ and Powder River Basins [4] Accretion and Synergies - The transaction is anticipated to be significantly accretive to free cash flow in 2025 and over a five-year horizon, with expected material synergies from optimizing overhead and income tax savings [5] Future Consolidation Opportunities - The merger creates a new core area for future consolidation opportunities, allowing for potential accretive acquisitions from smaller private companies or non-core assets of larger operators [6] Management and Board Changes - Edward Geiser and Josh Schmidt from Juniper Capital will join Amplify's Board of Directors, while Amplify's management team will lead the combined company [8]
Amplify Energy to Participate in Fireside Chat with Alliance Global Partners on January 23, 2025
Newsfilter· 2025-01-10 12:00
Group 1 - Amplify Energy Corp. will participate in a fireside chat hosted by Jeff Grampp on January 23, 2025, at 12:00 p.m. ET [1] - A replay of the fireside chat will be available for at least 30 days on the investor relations section of the Company's website [1] - Amplify Energy is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties [2] Group 2 - 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) [2] - For further information, the Company provides contact details for its investor relations team, including the Senior Vice President and Chief Financial Officer, Jim Frew, and the Director of Finance and Treasurer, Michael Jordan [3]
Amplify Energy Down 8% Since Q3: What to Do With the Stock?
ZACKS· 2024-11-27 14:45
Earlier this month, Amplify Energy (AMPY) released its third-quarter 2024 results. The oil and gas producer did exceed third-quarter earnings expectations, but a closer analysis of the report revealed some underlying concerns.AMPY faces challenges from rising capital expenditures and increasing debt, which could strain its free cash flow and limit financial flexibility. Additionally, declining production levels signal potential operational inefficiencies, which might have weighed on investor confidence. Sin ...
Amplify Energy (AMPY) - 2024 Q3 - Earnings Call Transcript
2024-11-07 22:17
Amplify Energy Corp. (NYSE:AMPY) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Jim Frew - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Dan Furbee - Senior Vice President and Chief Operating Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Subash Chandra - Benchmark Jeff Robertson - Water Tower Research Operator Welcome to Amplify Energy’s Third Quarter 2024 Investor Conference Call. A ...
A Closer Look at the U.S. Upstream Oil & Gas Industry
ZACKS· 2024-11-07 14:21
The Zacks Oil and Gas - Exploration and Production - United States industry faces growing headwinds. With potential Republican-led policies encouraging increased domestic production, U.S. output could see a rise, expanding supply and likely softening oil prices. Additionally, China’s slowing oil demand, despite government stimulus efforts, may contribute to weaker global prices, especially if OPEC+ production cuts don’t offset the lagging demand. Further, rising renewable energy and electric vehicle adoptio ...
Amplify Energy (AMPY) Beats Q3 Earnings Estimates
ZACKS· 2024-11-07 00:30
Amplify Energy (AMPY) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to loss of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.75%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.31 per share when it actually produced earnings of $0.17, delivering a surprise of -45.16%.Over the last four quarters, the ...
Amplify Energy (AMPY) - 2024 Q3 - Quarterly Report
2024-11-06 21:19
Table of Contents 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, 2024 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 (AMPY) - 2024 Q3 - Quarterly Results
2024-11-06 21:14
Exhibit 99.1 Amplify Energy Announces Third Quarter 2024 Results, Beta Drilling Results and Issuance of Sustainability Report HOUSTON, November 6, 2024 -- Amplify Energy Corp. (NYSE: AMPY) ("Amplify," the "Company," "us," or "our") announced today its operating and financial results for the third quarter of 2024. Key Highlights ● During the third quarter of 2024, the Company: o Achieved average total production of 19.0 MBoepd o Generated net cash provided by operating activities of $15.7 million and net inc ...