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Amplify Energy to End Merger Deal Amid Extreme Market Volatility
Amplify Energy Amplify Energy (US:AMPY) ZACKSยท2025-04-30 18:15

Group 1 - Amplify Energy Corporation (AMPY) has signed a termination agreement with Juniper Capital Advisors, L.P. regarding their merger deal due to extreme market volatility in the energy sector [1] - Juniper Capital Advisors will receive $800,000 in cash as part of the termination agreement, and Amplify Energy has cancelled its planned special stockholder meeting [2] - AMPY plans to provide updates on its business and financial performance during its first-quarter earnings release scheduled for May 12, 2025, focusing on capital allocation and free cash flow projections [3] Group 2 - AMPY currently holds a Zacks Rank 4 (Sell), while better-ranked stocks in the energy sector include Archrock Inc. (Rank 1), Nine Energy Service, and Kinder Morgan (both Rank 2) [4] - Archrock focuses on midstream natural gas compression services and is expected to see sustained demand due to the role of natural gas in the energy transition [5] - Nine Energy Service provides onshore completion and production services across key U.S. basins and is positioned for growth due to anticipated demand for oil and gas [6] - Kinder Morgan operates a stable midstream business model driven by take-or-pay contracts, which protects it from commodity price volatility, and recently increased its quarterly cash dividend to 29.25 cents, reflecting a 2% increase from the previous year [7]