Meeting adjourned to April 23, 2025 at 9:00 a.m. Central TimeHOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it intends to open and immediately adjourn its Special Meeting of Stockholders (the “Special Meeting”) relating to the Company’s proposed merger with Juniper Capital’s upstream Rocky Mountain portfolio companies. There will be no voting or other matters conducted at the meeting on April 14, 2025, and the Company intends t ...

Group 1 - The deadline for shareholders of Amplify Energy Corp. (NYSE: AMPY) to change their votes on the company's dilutive stock issuance proposal is set for midnight today [1] - The proposal is significant as it may impact the company's capital structure and shareholder value [1] Group 2 - The investing group Sifting the World, managed by Chris, provides deep research and real-time updates on investment opportunities [1] - The group consists of an experienced community that shares specialized knowledge, particularly regarding local opportunities [1]

HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE:AMPY) ("Amplify" or the "Company") announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders vote "FOR" the Company's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. The Company issued the following statement in response to ISS' recommendation: The Amplify Board of Directors (the "Board") and management team are pleased that ...

HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) ("Amplify" or the "Company") announced that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders vote "FOR" the Company's proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. The Company issued the following statement in response to ISS' recommendation: The Amplify Board of Directors (the "Board") and management team are pleased that ...

HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today posted a new presentation on its website, providing additional information on its previously announced definitive agreement to acquire Juniper Capital’s upstream Rocky Mountain portfolio companies. The presentation, which can be found on the Company’s investor relations page of its website at https://www.amplifyenergy.com/Amplify-Rockies-Transaction-Highlights/, details the expected financial and ...

Core Viewpoint - Amplify Energy (AMPY) has experienced a significant downtrend, with a 25.7% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - AMPY's current RSI reading is 27.09, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding AMPY's earnings, with a 21.5% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation in the near term [6]. - AMPY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a potential turnaround [7].

Amplify Energy (AMPY) has been on a downward spiral lately with significant selling pressure. After declining 27.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...

Industry Overview - Crude oil prices are experiencing a downturn in 2025, with WTI crude dipping below $70 per barrel, the lowest since December, and Brent crude following a similar trend [2][3] - Contributing factors include tariff concerns, weakening consumer confidence, and an increase in production by OPEC+ [1][3] OPEC+ Production Decisions - OPEC+ has decided to resume previously halted production, with eight member nations set to increase output starting April 1, initially adding 138,000 barrels per day, with plans to ramp up to 2 million barrels per day by 2026 [3] Investment Opportunities - The current slump in oil prices is viewed as a potential buying opportunity for long-term investors, as historical trends suggest that downturns in commodities can create attractive entry points [4] - Energy demand remains robust, and evolving geopolitical factors may lead to a rebound in oil prices, rewarding investors who capitalize on current low valuations [4] Stock Selection Criteria - Investors are encouraged to select beaten-down stocks, as stressed valuations do not necessarily indicate a total loss of potential [5] - Adequate research is essential before investing in these stocks [5] Recommended Stocks - **Matador Resources Company (MTDR)**: A leading oil and gas explorer in the U.S. with a Zacks Rank of 2, focusing on the Delaware and Midland basins. The 2025 earnings growth estimate is 15.2% [9] - **Permian Resources (PR)**: Headquartered in Midland, TX, with a Zacks Rank of 2, producing around 150,000 barrels of oil equivalent per day. The 2025 earnings per share growth estimate is 15.8% [10] - **Amplify Energy (AMPY)**: A Houston-based operator with a Zacks Rank of 2, diversified across five U.S. basins. The 2025 earnings growth estimate is 66.7% [11]

Amplify Energy Corp. (NYSE:AMPY) Q4 2024 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Jim Frew - SVP and CFO Martyn Willsher - President and CEO Dan Furbee - SVP and COO Conference Call Participants Jeff Grampp - Alliance Global Partners Subash Chandra - Benchmark Operator Welcome to Amplify Energy's Fourth Quarter 2024 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on March 5, 2025, and are available on Amplify's web ...

Financial Data and Key Metrics Changes - The company reported a net loss of approximately $7.4 million for Q4 2024, compared to a net income of $22.7 million in the prior quarter, primarily due to a noncash unrealized loss on commodity derivatives [37] - Adjusted net income for Q4 was $5.1 million, while full-year adjusted net income was $35.8 million, up 48% compared to 2023 [38] - Fourth quarter adjusted EBITDA was $21.8 million, slightly below expectations, with full-year adjusted EBITDA at $103 million, up 17% from 2023 [39] Business Line Data and Key Metrics Changes - Average daily production for Q4 2024 was approximately 18.5 MBoe per day, a decrease of 0.5 MBoe per day from the prior quarter, primarily impacted by gas volumes in East Texas [17] - Oil volumes increased incrementally despite platform shutdowns at Beta, with current production rates at Beta showing a 9% increase from Q4 2024 volumes [20] - Lease operating expenses for Q4 were approximately $35.1 million, a $1.8 million increase from the prior quarter, driven by unplanned workovers at Beta [21] Market Data and Key Metrics Changes - The company anticipates production guidance for 2025 to be between 19,000 to 21,000 barrels of oil equivalent per day, representing a 7% increase from 2024 oil production [21] - The production commodity mix for Q4 was 45% oil, 17% NGLs, and 38% natural gas [20] Company Strategy and Development Direction - The company announced a definitive merger agreement with Juniper Capital to combine with certain portfolio companies, which is expected to enhance scale, operating margins, and provide new core areas for potential M&A activity [8][9] - The Juniper transaction is anticipated to close in Q2 2025 and is expected to be significantly accretive to free cash flow [10][12] - The company plans to focus on maximizing the value of its existing asset base through accretive capital projects and cost reduction efforts [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong results from recent wells and the anticipated benefits from the Juniper transaction [49][50] - The company remains committed to exploiting the long-term value potential of the Beta field and expects strong growth in oil production from the area in 2025 [49] Other Important Information - The company has generated positive free cash flow for 10 consecutive quarters, illustrating strong sustainable cash-generating potential [43] - As of December 31, the company had $127 million of debt outstanding under its revolving credit facility, with a net debt to last 12 months adjusted EBITDA ratio of 1.2 times [44] Q&A Session Summary Question: Insights on C-Sand versus D-Sand performance - Management indicated that historical development primarily comes from the C-Sand, with expectations for good results from the C-Sand wells, although reservoir characteristics are not as strong as the D-Sand [55][56][58] Question: Planned new drills and risk assessment - The company plans to drill in the same fault blocks as previous successful wells, indicating a low-risk approach for upcoming drilling [60][61] Question: Oil price impact on CapEx plans - Management stated that they are comfortable with their CapEx plans at current oil prices but will reassess if prices continue to decline [66][68] Question: Potential for Magnify with Juniper assets - Management noted that while Magnify services are currently limited to East Texas and Oklahoma, they will evaluate opportunities in the Wyoming area post-merger [74][75]