Core Points - Amplify Energy Corp. and Juniper Capital Advisors have mutually agreed to terminate their previously announced merger agreement due to market volatility, with Juniper receiving a cash payment of $800,000 instead of a termination fee [1] - Following the termination, Amplify has canceled its special meeting of stockholders and withdrawn proposals from consideration that were previously filed with the SEC [2] - The company plans to provide an update on its business state, including capital allocation and free cash flow outlook, during its first quarter earnings announcement and will continue to explore strategic alternatives to maximize shareholder value [3] Company Overview - Amplify Energy Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties, with operations in Oklahoma, the Rockies, offshore Southern California, East Texas/North Louisiana, and the Eagle Ford [4]

Core Viewpoint - Amplify Energy Corp. has announced the adjournment of its Special Meeting of Stockholders to May 1, 2025, to allow more time for stockholders to participate and vote on the proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies [1][2]. Group 1: Meeting Details - The Special Meeting will be reconvened on May 1, 2025, at 8:00 a.m. Central Time, and will be held virtually [1]. - The record date for the Special Meeting remains unchanged as March 3, 2025 [1]. - Stockholders must register in advance to attend the virtual meeting, with a deadline of April 30, 2025, at 8:00 a.m. Central Time [2]. Group 2: Voting Information - The Company encourages stockholders who have not yet voted to do so before the reconvened meeting [2]. - Stockholders who have already cast their votes do not need to take any action unless they wish to change or revoke their prior proxy or voting instructions [2]. - The Board of Directors recommends voting FOR the proposals outlined in the definitive proxy statement for the Special Meeting [3]. Group 3: Company Overview - Amplify Energy Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties [4]. - 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) [4].

Core Viewpoint - Amplify Energy Corp. has amended its merger agreement with Juniper Capital, which includes an additional cash contribution of $10 million from Juniper to reduce the net debt of the combined companies, reflecting confidence in the merger's long-term value creation [2][3][5]. Financial Contributions and Debt Management - Juniper will contribute an incremental $10 million in cash to further reduce the net debt of the combined companies [3][4]. - At closing, Amplify plans to issue approximately 26.7 million shares of common stock to Juniper and assume about $133 million in net debt [3][19]. Hedge Positions and Risk Mitigation - Amplify has hedged 80-85% of its oil production for 2025 and 40-45% for 2026, while Juniper has hedged 65-70% for 2025 and 50-55% for 2026 [7]. - The present worth of Amplify's hedges is approximately $25 million, and Juniper's hedges are valued at about $14 million [7]. Updated Reserve Values - The total proved reserve PV-10 value of Juniper's audited reserves is estimated at $356 million, assuming WTI oil prices at $60 per barrel and Henry Hub gas prices at $3.50 per mmbtu [10][11]. - Combining Juniper's proved developed PV-10 value of $230 million with its hedge book value results in a total value of $244 million, compared to pro forma debt of approximately $123 million after Juniper's cash contribution [11]. Shareholder Engagement and Meeting - A Special Meeting of Stockholders is scheduled for April 23, 2025, to approve the merger proposals [14]. - The Board of Directors recommends shareholders vote "FOR" the merger proposals outlined in the definitive proxy statement [16].

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]

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].

Core Viewpoint - Amplify Energy (AMPY) is experiencing significant selling pressure, with a 27.5% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analysts predicting better earnings than previously estimated [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 26.47, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for AMPY have increased by 21.5% over the last 30 days, indicating a potential for 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 supporting the stock's potential for a turnaround [7].