Production and Reserves - In Q4 2024, Amplify Energy achieved average total production of 18.5 MBoepd, a decrease from 19.0 MBoepd in Q3 2024[3] - Amplify's year-end 2024 total proved reserves were 93.0 MMBoe, with a PV-10 value of approximately $736 million, reflecting a decrease in proved developed reserves due to lower SEC pricing[11] - Expected net average daily production for FY 2025 ranges from 19.0 MBoe/d to 21.0 MBoe/d, with oil production projected between 8.5 MBbls/d and 9.4 MBbls/d[39] Financial Performance - For the full year 2024, Amplify generated net cash provided by operating activities of $51.3 million and reported a net income of $12.9 million[3] - Adjusted EBITDA for Q4 2024 was $21.8 million, down from $25.5 million in the previous quarter, primarily due to lower realized oil prices[15] - Total revenues for the three months ended December 31, 2024, were $69,021, a decrease of 1.2% from $69,858 for the three months ended September 30, 2024[59] - Oil and natural gas sales for the three months ended December 31, 2024, were $67,189, down from $68,135 in the previous quarter, reflecting a decrease of 1.4%[60] - Operating income for the three months ended December 31, 2024, was a loss of $6,650 compared to an operating income of $32,600 for the three months ended September 30, 2024[59] - Net income for the three months ended December 31, 2024, was a loss of $7,429, compared to a net income of $22,652 in the previous quarter[59] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $103,041 thousand, an increase from $88,032 thousand for the same period in 2023, representing a growth of approximately 17.0%[68] Cash Flow and Capital Expenditures - The company generated $18.0 million of free cash flow for the full year 2024, with positive free cash flow reported in 18 of the last 19 fiscal quarters[15] - Free cash flow for the three months ended December 31, 2024, was $2,925, a decrease from $3,599 in the previous quarter[64] - Total capital expenditures for the three months ended December 31, 2024, were $15,324, down from $18,224 in the previous quarter[61] - Cash capital investment in Q4 2024 was approximately $15.3 million, with 65% allocated to Beta development drilling and facility projects[26] Debt and Financial Position - As of December 31, 2024, Amplify had $127.0 million outstanding under its revolving credit facility, with a net debt to LTM Adjusted EBITDA ratio of 1.2x[17] - The company uses net debt as a measure of financial position, defined as the total principal amount drawn on the revolving credit facility less cash and cash equivalents[55] Future Plans and Investments - The company plans to complete six Beta development program completions in 2025, including deferred projects from 2024[3] - Projected capital investments for 2025 are estimated between $70 million and $80 million, with 41% allocated to Beta development[29] - Amplify plans to complete six wells at Beta in 2025, with the first well, C48, already drilled and completed[30] - The company expects to close the acquisition of Juniper Capital's portfolio companies, which include approximately 287,000 net acres, in Q2 2025[5] Market and Pricing - Amplify's product mix for Q4 2024 was 45% crude oil, 17% NGLs, and 38% natural gas, with total revenues of approximately $67.2 million before the impact of derivatives[20] - Average sales price for crude oil was $66.82 per barrel in Q4 2024, down from $71.74 in Q3 2024, while natural gas averaged $2.52 per Mcf, up from $1.84[21] Taxes and Expenses - Lease operating expenses increased to approximately $35.1 million in Q4 2024, or $20.57 per Boe, reflecting a $1.8 million increase from the prior quarter[22] - Severance and ad valorem taxes were approximately $5.4 million in Q4 2024, representing 8.0% of revenue, a decrease from $6.0 million in Q3 2024[23] - General and administrative expenses for the three months ended December 31, 2024, totaled $9,486 thousand, up from $8,251 thousand in the previous quarter, an increase of about 14.9%[74] Other Notable Events - Amplify completed the sale of undeveloped Haynesville acreage for $1.4 million and monetized 90% of its interests in certain units with Haynesville rights, generating net proceeds of $6.2 million[3] - The company recognized a pipeline incident loss of $2,405 thousand for the three months ended December 31, 2024[67] - Amplify will host an investor teleconference to discuss operating and financial results, scheduled for tomorrow at 10 a.m. Central Time[46] - Amplify plans to file its Annual Report on Form 10-K for the year ended December 31, 2024, with the SEC on March 5, 2025[43]

Core Insights - Amplify Energy Corp. reported its operating and financial results for Q4 and full-year 2024, highlighting a strategic focus on growth through acquisitions and operational efficiencies [1][3][4] Financial Performance - In Q4 2024, Amplify achieved average total production of 18.5 MBoepd, with net cash provided by operating activities of $12.5 million and a net loss of $7.4 million [2][13] - For the full year 2024, the company reported average total production of 19.5 MBoepd, net cash provided by operating activities of $51.3 million, and net income of $12.9 million [2][13] - Adjusted EBITDA for Q4 2024 was $21.8 million, a decrease from $25.5 million in the previous quarter, primarily due to lower realized oil prices [14][20] Reserves and Asset Valuation - As of year-end 2024, Amplify's total proved reserves were 93 MMBoe, with a PV-10 value of approximately $736 million, reflecting a decrease in proved developed reserves due to lower SEC pricing [9][10] - The company added 23 additional locations in proved undeveloped reserves, contributing approximately $200 million in PV-10 value [10] Strategic Initiatives - Amplify plans to complete a transformational combination with Juniper Capital, which includes substantial oil-weighted producing assets in the DJ and Powder River Basins, expected to close in Q2 2025 [4][5] - The company aims to enhance its competitive advantage through the expansion of its subsidiary, Magnify Energy Services, and by monetizing portions of its portfolio in East Texas [2][3] Production and Development Plans - In 2025, Amplify intends to complete six wells at Beta, with the first well, C48, already drilled and completed [27][28] - The company expects to invest approximately $70 to $80 million in capital expenditures for 2025, focusing on Beta development and facility upgrades [26][35] Market Position and Future Outlook - Amplify's strategic initiatives and operational accomplishments in 2024 are seen as foundational for future growth, with expectations to capitalize on an enhanced asset base in 2025 [3][35] - The company has taken steps to hedge future cash flows, executing crude oil swaps and natural gas collars to protect against market volatility [39][40]

Core Insights - EnerCom Denver is celebrating its 30th anniversary as the largest independent investor conference for the global energy sector, scheduled for August 17-20, 2025 [1][2][3] - The conference will feature presentations from over 70 companies, including public and private oil and gas firms, as well as energy transition companies [3][9] - The event provides significant networking opportunities for investment professionals, including one-on-one meetings with company executives [4][12] Conference Details - The conference will be held at the Westin Downtown Denver, with an expected in-person attendance of more than 1,000 participants, including institutional investors, family offices, and private equity funds [3][11] - The format includes 25-minute presentations followed by 50-minute Q&A sessions, along with networking opportunities during meals and informal gatherings [12] - A charity golf tournament will take place on August 17, 2025, benefiting IN! Pathways to Inclusive Higher Education, requiring a $150 donation to participate [10] Focus Areas - The conference will include a session dedicated to The Energy Transition and Emerging Technology, featuring quick-pitch presentations from start-up companies focused on alternative energy and sustainability [5][6] - EnerCom is currently accepting applications from start-ups in the energy sector to present at this session, emphasizing innovation and environmental solutions [6] Sponsorship and Participation - Sponsorship opportunities are available for companies looking to enhance their visibility within the energy sector [1][7] - Interested companies can contact EnerCom for presentation and sponsorship details, indicating a proactive approach to engaging with the investment community [7]

Company Overview - Amplify Energy (AMPY) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended December 2024, with earnings expected to be $0.25 per share, reflecting a decrease of 76.6% compared to the previous year [1][3] - Revenues are projected to reach $80.09 million, which is a 1.4% increase from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on March 5, 2025, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 30.77% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that the Most Accurate Estimate for Amplify Energy is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11] - Despite a Zacks Rank of 1 (Strong Buy), the lack of a positive Earnings ESP makes it challenging to predict an earnings beat [11] Historical Performance - In the last reported quarter, Amplify Energy had an earnings surprise of +68.75%, reporting $0.54 per share against an expectation of $0.32 [12] - Over the past four quarters, the company has surpassed consensus EPS estimates twice [13] Industry Context - W&T Offshore (WTI), another company in the oil and gas exploration and production sector, is expected to report a loss of $0.18 per share for the same quarter, indicating a year-over-year change of -200% [17] - W&T Offshore's revenues are expected to decline by 2.7% to $128.77 million, but it has an Earnings ESP of 22.22%, suggesting a higher likelihood of beating the consensus EPS estimate [18]

Core Viewpoint - Amplify Energy Corp. is set to report its fourth quarter 2024 financial and operating results on March 5, 2025, after U.S. market close, with a conference call scheduled for March 6, 2025, to discuss these results [1]. 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), East Texas/North Louisiana, and the Eagle Ford (Non-op) [2]. Investor Relations - Key contacts for investor relations include Jim Frew, SVP & Chief Financial Officer, and Michael Jordan, Director of Finance and Treasurer [3].

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]

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]

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]

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]

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 ...