Amplify Energy Corp.

Amplify Energy Corp. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and production of oil and natural gas properties. It focuses on operations in Oklahoma, the Rockies, offshore Southern California, East Texas and North Louisiana, and Eagle Ford. The company was founded in 2011 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Amplify Energy Corp. reports Q4 earnings, focuses on cash flow

Amplify Energy Corp. navigated challenges in Q4 2022 with resilience, maintaining positive free cash flow and addressing operational issues effectively.
Strategic focus on enhancing free cash flow, managing debt reduction, and optimizing capital allocation positions the company for future growth.
Guidance for 2023 outlines production targets, capital budget, and free cash flow expectations, signaling a proactive approach to financial management.
The $96.5 million settlement, hedge book strategy, and plans for production restart reflect progress in overcoming setbacks and driving operational improvements.

Amplify Energy Corp. reports robust Q1 performance and strategic refinancing

Amplify Energy Corp. showcased strong financial performance, operational resilience, and strategic initiatives to enhance value and manage debt effectively.
The company's efforts to optimize production, settle claims, and refinance credit facilities position it well for future growth and stability.
Despite challenges from adverse weather, Amplify Energy Corp. remains focused on increasing free cash flow and driving long-term shareholder value.

Amplify Energy Corp. excels in Q2, reaffirms guidance amid market challenges

Amplify Energy Corp. showcased robust operational and financial performance in Q2 2023, supported by efficient production and cost management.
The company's prudent financial strategies, including securing new credit facilities and maintaining a strong hedge position, reflect a commitment to sustainable growth.
While facing industry challenges and uncertainties, Amplify's focus on operational excellence and financial discipline presents opportunities for future expansion and value creation.

Amplify Energy Corp. meets Q3 projections, focuses on value creation

Amplify Energy Corp. demonstrated operational resilience and financial discipline in Q3 2023.
Strategic initiatives and cost-saving measures position the company for sustainable growth.
Despite challenges, Amplify's focus on value creation and liquidity strength bode well for the future.

Amplify Energy Corp. reports robust Q4 earnings and outlines growth plans

Amplify Energy Corp. demonstrated financial strength and stability in Q4 2023, meeting full-year guidance despite market challenges.
Strategic initiatives and cost-saving measures position the company for growth and profitability in 2024, with a focus on operational efficiency and capital allocation.
Challenges related to cost inflation and market volatility require proactive risk management and continued efforts to enhance operational performance.
Opportunities in asset monetization, development programs, and service expansion offer avenues for revenue growth and improved profitability in the upcoming year.

Amplify Energy Corp. excels in Q1 2024, poised for growth

Amplify Energy Corp.'s Q1 2024 performance exceeded expectations, showcasing operational strength and financial resilience.
While facing challenges in expenses and capital investments, the company is well-positioned to capitalize on growth opportunities and enhance shareholder value.
Strategic initiatives, renegotiated contracts, and hedging strategies position Amplify for a promising future despite market uncertainties.

Amplify Energy Corp. reports robust Q3 earnings amidst strategic decisions

Amplify Energy Corp. posts strong Q3 results, driven by production mix and cost optimization.
Strategic decisions on asset retention and sustainability efforts reflect long-term vision.
Challenges in liquidity and capital return require careful management and evaluation.
Opportunities in monetization and hedging strategies can bolster Amplify's financial resilience.

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Amplify Energy (AMPY) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $1.27 per share a year ago.

Amplify Energy (AMPY) Reports Q1 Loss, Tops Revenue Estimates

HOUSTON, May 03, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the first quarter of 2023.

Amplify Energy Announces First Quarter 2023 Results

LOS ANGELES--(BUSINESS WIRE)-- #AmplifyEnergy--Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill.

Lieff Cabraser, Aitken Aitken Cohen, and Larson LLP Announce Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill

HOUSTON, April 19, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2023 financial and operating results after the U.S. financial markets close on May 3, 2023. Management will host a conference call at 10:00 a.m. CT on May 4, 2023 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 225-9448 (Conference ID: AEC1Q23) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 44231417) for a fourteen-day period following the call.

Amplify Energy Schedules First Quarter 2023 Earnings Release and Conference Call

HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that James (“Jim”) Frew has joined the Company as Senior Vice President and Chief Financial Officer.

Amplify Energy Announces Appointment of Chief Financial Officer

HOUSTON, April 10, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that it has received the required approvals from federal regulatory agencies to restart operations at the Beta Field. Initial steps to resume full operations will involve filling the San Pedro Bay Pipeline with production, a process which commenced over the past weekend and is expected to take approximately two weeks to complete. Following the line fill process, the pipeline will be operated in accordance with the restart procedures that were reviewed and approved by the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Amplify Energy Commences Restart Operations at Beta Field

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Twenty-one micro-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, YOY Revenue Growth, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. I would advise only those investors with a high risk tolerance to consider micro-cap energy producers.

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Amplify Energy obtained a net settlement payment of $85 million. Balance sheet is now healthy being significantly deleveraged to

Amplify Energy: 5x FCF Calls For Significant Upside

HOUSTON, March 20, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that Dan Furbee has joined the Company as Senior Vice President and Chief Operating Officer.

Amplify Energy Announces Appointment of Chief Operating Officer

Amplify Energy Corp. (NYSE:AMPY ) Q4 2022 Earnings Conference Call March 10, 2023 11:00 AM ET Company Participants Eric Willis - Senior Vice President and General Counsel Martyn Willsher - President and Chief Executive Officer Operator Welcome to Amplify Energy's Fourth Quarter 2022 Investor Conference Call. Amplify's operating and financial results were released yesterday after market close on March 9, 2023 and are available on Amplify's website at www.amplifyenergy.com.

Amplify Energy Corp. (AMPY) Q4 2022 Earnings Call Transcript

Amplify Energy (AMPY) delivered earnings and revenue surprises of 1,157.14% and 59.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Amplify Energy (AMPY) Tops Q4 Earnings and Revenue Estimates

HOUSTON, March 09, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the fourth quarter and full-year 2022, year-end 2022 proved reserves and guidance for full-year 2023.

Amplify Energy Announces Fourth Quarter and Full-Year 2022 Results, Year-End 2022 Proved Reserves and Full-Year 2023 Guidance

HOUSTON, March 06, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that the Company will be attending the 35th Annual Roth Capital Conference on Monday, March 13th at the Ritz-Carlton, Laguna Niguel Hotel in Dana Point, CA.

Amplify Energy to Attend the 2023 Roth Capital Conference

HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report fourth quarter 2022 financial and operating results after the U.S. financial markets close on March 9, 2023. Management will host a conference call at 10:00 a.m. CT on March 10, 2023 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 225-9448 (Conference ID: AEC4Q22) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 21021351) for a fourteen-day period following the call.

Amplify Energy Schedules Fourth Quarter 2022 Earnings Release and Conference Call

Amplify Energy received a payment that is material at around $2.21/share and relatively unexpected. The stock was arguably cheap before, and likely still has 40% upside after adjusting for today's announced payment.

Amplify Energy: Still Room To Run After $85M Payment

HOUSTON, March 01, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that it has reached a settlement of its claims against the M/V Danit (in rem) and its affiliated corporate entities; the M/V Beijing and its affiliated corporate entities, as well as the COSCO marine entities and the Marine Exchange. The M/V Danit and its affiliated corporate entities and the M/V Beijing and its affiliated corporate entities have agreed to pay Amplify $96.5 million in connection with the anchor strikes by the containerships that damaged the pipeline, interrupted Amplify's business and led to the 2021 Southern California Pipeline Incident. The overall resolution includes subrogation claims by Amplify's property damage and loss of production insurers, with Amplify ultimately receiving a net payment of approximately $85 million.

Amplify Energy Reaches $96.5 Million Settlement with the Shipping Companies Related to the Containerships' Anchor Strikes of Amplify's Pipeline

HOUSTON, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today the appointment of James (“Jim”) E. Craddock to the Amplify Board of Directors (“Board”). Mr. Craddock joins the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board's existing credentials and qualifications. Mr. Craddock will also serve on the Nominating and Governance Committee of the Board.

Amplify Energy Announces Appointment of James Craddock to its Board of Directors

2022 was my most concentrated book ever. ABMD, TWTR, RENN, and AMPY.

Amped Up For 2023 With Amplify

HOUSTON, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to extend its credit agreement from November 2, 2023 to May 31, 2024. The redetermination resulted in a revised borrowing base of $215 million effective immediately with scheduled monthly reductions of $5 million until otherwise redetermined or adjusted in accordance with the provisions of the Credit Agreement.

Amplify Energy Announces Extension of its Revolving Credit Facility and Borrowing Base Redetermination

Amplify is set to benefit as hedges roll off and Beta returns to operation. A reasonable fair value is $13.20/share, for over 40% upside.

Amplify: Q3 Earnings Support Bull Case

Amplify Energy Corp. (NYSE:AMPY ) Q3 2022 Results Conference Call November 2, 2022 11:00 AM ET Company Participants Jason McGlynn - Senior Vice President and Chief Financial Officer Martyn Willsher - President and Chief Executive Officer Conference Call Participants John White - ROTH Capital Jeff Robertson - Water Tower Research Operator Welcome to Amplify Energy Third Quarter 2022 Investor Conference Call. Amplify's operating and financial results were released yesterday, after market closed on November 01, 2022 and are available on Amplify's website at www.amplifyenergy.com.

Amplify Energy Corp. (AMPY) Q3 2022 Earnings Call Transcript

HOUSTON, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the third quarter of 2022 and updated its full-year 2022 guidance.

Amplify Energy Announces Third Quarter 2022 Results and Issues Updated Guidance

HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2022 financial and operating results after the U.S financial markets close on November 1, 2022. Management will host a conference call at 10:00 a.m. CT on November 2, 2022 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (800) 267-6316 (Conference ID: AEC3Q22) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 10110635) for a fourteen-day period following the call.

Amplify Energy Schedules Third Quarter 2022 Earnings Release and Conference Call

Amplify is a small-cap S&P that saw a pipeline leak 12 months ago. Amplify was awaiting pipeline permits to restart, that process is almost complete with an announcement on 10/1/22.

Amplify Somewhat Derisked As California Assets Expected Back Online In Months

HOUSTON, Oct. 01, 2022 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) today announced that it has received the Nationwide Permit 12 from the U.S. Army Corps of Engineers to proceed with repair plans that were reviewed and approved by federal pipeline safety regulators earlier this year. This is the next phase of the Company's repair plan and includes removing the damaged segments of the pipeline from the ocean floor. By removing the damaged segments of the pipeline, regulators, the parties in the litigation and Amplify will be able to complete further analysis of the impact from the vessels dragging their anchors and striking the pipeline on January 25, 2021.

News for Amplify Energy Corp. Stock (AMPY)