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]

Core Viewpoint - Amplify Energy Corp. has received a recommendation from Institutional Shareholder Services (ISS) to vote "FOR" its proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies, indicating that the merger is expected to enhance growth and long-term shareholder value [1][2]. Summary by Relevant Sections Merger Recommendation - ISS concluded that Amplify has conducted a reasonable process for the merger, which is deemed better than a standalone scenario due to increased scale, projected free cash flow accretion, synergy opportunities, and enhanced portfolio optimization [2]. Financial Impact - The merger is anticipated to significantly strengthen Amplify's financial position, diversify its asset base, and create operational efficiencies [2]. - Projected free cash flow per share is expected to increase from $0.50 to greater than $0.70 [6]. - Total proved reserve value is projected to rise approximately 89%, from $688 million to $1.3 billion [6]. Operational Enhancements - The new asset base from Juniper is expected to accelerate value creation through portfolio optimization and lower operating costs, improving resilience in varying commodity price environments [6]. - The merger is expected to unlock meaningful operating synergies, with pro-forma Adjusted EBITDA per BOE projected to increase by 40% and pro-forma G&A per BOE expected to decrease by over 20% due to economies of scale [6]. Shareholder Value Preservation - Increased free cash flow and scale, along with expected refinancing, are projected to enhance liquidity and flexibility, providing options to reduce leverage and return capital to shareholders [6]. Special Meeting Details - The Special Meeting of Shareholders to approve the merger proposals is scheduled for April 14, 2025, at 9:00 a.m. Central Time [4].

Core Viewpoint - Amplify Energy Corp. has received a recommendation from Institutional Shareholder Services (ISS) to vote "FOR" its proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies, indicating that the merger is expected to enhance growth and long-term shareholder value [1][2]. Financial Impact - The merger is projected to increase free cash flow per share from $0.50 to over $0.70, representing a significant improvement in financial performance [5]. - Total proved reserve value is expected to rise approximately 89%, from $688 million to $1.3 billion, indicating a substantial enhancement in asset value [5]. Operational Efficiency - The merger is anticipated to unlock meaningful operating synergies, with pro-forma Adjusted EBITDA per BOE expected to increase by 40% due to a higher oil weighting and a lower cost structure [5]. - Pro-forma G&A per BOE is projected to decrease by over 20% as a result of economies of scale, contributing to improved operational efficiency [5]. Growth Potential - The transaction is expected to enhance portfolio flexibility and organic growth potential, allowing Amplify to accelerate value creation through portfolio optimization [2][5]. - The new Rockies asset base will provide opportunities for identified, high-quality undeveloped drilling locations, further supporting growth initiatives [5]. Shareholder Value - The merger is designed to preserve shareholder value by increasing free cash flow and scale, along with expected refinancing that will enhance liquidity and flexibility [5]. - The free cash flow generated will provide options to reduce leverage and return capital to shareholders, reinforcing the commitment to shareholder returns [5]. Meeting Details - A Special Meeting of Shareholders to approve the merger proposals is scheduled for April 14, 2025, at 9:00 a.m. Central Time, where shareholders will have the opportunity to vote [4].

Core Viewpoint - Amplify Energy Corp. has announced a definitive agreement to acquire Juniper Capital's upstream Rocky Mountain portfolio, which is expected to enhance the company's long-term shareholder value through various financial and operational benefits [1][2]. Financial and Diversification Benefits - The merger is projected to increase free cash flow per share from $0.50 to over $0.70 in 2025 [5]. - Total proved reserve value is expected to rise approximately 89% from $688 million to $1.3 billion [5]. - Pro-forma Adjusted EBITDA per BOE is anticipated to increase by 40% due to a higher oil weighting and a lower cost structure [5]. - Pro-forma G&A per BOE is expected to decrease by over 20% due to economies of scale [5]. Growth and Synergies - The new asset base from Juniper allows Amplify to accelerate value creation through portfolio optimization [5]. - The merger is expected to provide meaningful operating synergies, enhancing the company's ability to generate long-term shareholder value [2][5]. Shareholder Engagement - Amplify has scheduled a Special Meeting of Shareholders for April 14, 2025, to vote on two proposals critical to the merger [2][4]. - The Board unanimously recommends that shareholders vote "FOR" both proposals, emphasizing their importance for the company's best interests [3].

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]

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 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 from the previous quarter despite platform shutdowns at Beta, with current production rates at Beta showing a 9% increase from Q4 2024 volumes [20] 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] - 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 [22] 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 company plans to focus on maximizing the value of its existing asset base through accretive capital projects and cost reduction efforts [15] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong results from recent wells and the anticipated benefits from the Juniper transaction [50] - The company remains committed to exploiting the long-term value potential of the Beta field, expecting 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 March 5, the company has hedged approximately 70% to 75% of forecasted PDP crude oil production for 2025 [46] Q&A Session Summary Question: Insights on C-Sand versus D-Sand dynamics at Beta - Management indicated that historical development primarily comes from vertical wells drilled in the '80s, with expectations for good results from the C-Sand despite limited analog data [55][56] Question: Planned new drills and risk appetite - Management confirmed that the upcoming wells will be drilled in the same fault blocks as previous successful wells, indicating low risk for the new drills [60][61] Question: Oil price impact on CapEx plans - Management stated that they are comfortable with their current CapEx plans but will reassess if oil prices continue to decline significantly [66][68] Question: Potential for Magnify with Juniper assets - Management acknowledged the potential for Magnify services to expand into the Wyoming area, given the aggregation of assets from the Juniper transaction [74][75]

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]

NYSE: AMPY Amplify Energy Corp. March 2025 Investor Presentation March 5, 2025 Net debt. Amplify defines net debt as the total principal amount drawn on the revolving credit facility less cash and cash equivalents. The Company uses net debt as a measure of financial position and believes this measure provides useful additional information to investors to evaluate the Company's capital structure and financial leverage. PV-10. Amplify defines PV-10, which is a non-GAAP financial measure that represents the pr ...