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 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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) delivered earnings and revenue surprises of -137.50% and 1.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Amplify Energy (AMPY) Reports Q3 Loss, Tops Revenue Estimates

HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2020 financial and operating results on November 5, 2020. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 7283609) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify's website or by phone at (855) 859-2056 (Conference ID: 7283609) for a fourteen-day period following the call.

Amplify Energy Announces Third Quarter 2020 Earnings Conference Call

Amplify Energy (AMPY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Amplify Energy (AMPY) to Report Q3 Results: Wall Street Expects Earnings Growth

HOUSTON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on October 13, 2020, the Company received formal notice from the New York Stock Exchange ("NYSE") that the average closing share price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00, which is the minimum average share price for continued listing on the NYSE.

Amplify Energy Receives Continued Listing Standard Notice from NYSE

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Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q2 2020 Results - Earnings Call Transcript

HOUSTON, Aug.  05, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2020 and provided an update regarding its liquidity enhancement initiatives announced in the first quarter of 2020 earnings press release.

Amplify Energy Announces Second Quarter 2020 Results and Liquidity Enhancement Initiatives Update

Investors need to pay close attention to Amplify Energy (AMPY) stock based on the movements in the options market lately.

Implied Volatility Surging for Amplify Energy (AMPY) Stock Options

HOUSTON, July  23, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report second quarter 2020 financial and operating results on August 5, 2020. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company’s results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 4185547) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify’s website or by phone at (855) 859-2056 (Conference ID: 4185547) for a fourteen-day period following the call.

Amplify Energy Announces Second Quarter 2020 Earnings Conference Call

Amplify Energy Inc (NYSE:AMPY) was trading 2.5% higher from the previous closing price.

Insider Sells Amplify Energy Shares

HOUSTON, June  15, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has completed the regularly scheduled redetermination of its revolving credit facility borrowing base and entered into an amendment to its credit agreement. The redetermination resulted in a revised borrowing base of $285 million effective immediately with scheduled monthly reductions of $5 million until the borrowing base reaches $260 million on November 1, 2020. The next regularly scheduled borrowing base redetermination is expected to occur in November 2020.

Amplify Energy Announces Results of Borrowing Base Redetermination and Provides Liquidity Update

HOUSTON, June  03, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on June 2, 2020, Amplify was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the NYSE's continued listing standards.

Amplify Energy Regains Compliance with NYSE Minimum Price Listing Standard

Amplify Energy Corp. (AMPY) CEO Martyn Willsher on Q1 2020 Results - Earnings Call Transcript

Amplify Energy: Not Looking Good At Today's Pricing

HOUSTON, April  03, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that Ken Mariani, Amplify’s President & CEO, has notified the Board of his planned retirement from the Company, effective April 3, 2020.  Amplify’s Board has appointed Martyn Willsher, Amplify’s current CFO, to serve as interim CEO following Mr. Mariani’s departure.  In addition, Chris Hamm will serve as Lead Director on behalf of the Board.  All of the senior management of Amplify remains in place and will report to Mr. Willsher.

Amplify Energy Announces Retirement of Ken Mariani, Appointment of Martyn Willsher as Interim CEO, Appointment of Chris Hamm as Lead Director

HOUSTON, March  19, 2020  (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has lowered its 2020 capital expenditure budget by approximately $17 million or 37% in response to the recent severe decline in commodity prices and overall downturn in the market attributed to COVID-19 and OPEC’s decision to increase production. Full year capital expenditure guidance has been reduced from a midpoint estimate of $46 million to a midpoint estimate of $29 million.  This revised capital budget is expected to be spent primarily in the first quarter of 2020, where Amplify is maintaining its prior guidance for capital spending of $13 to $19 million.

Amplify Energy Announces 37% Reduction of 2020 Capital Expenditure Budget, MTM Hedge Asset Value of $130 million and Expected Federal Royalty Relief at its Beta Field

Amplify Energy Corp. (AMPY) CEO Ken Mariani on Q4 2019 Results - Earnings Call Transcript

Shares of oil and gas company Amplify Energy Corp. AMPY, -26.442% tumbled 29% Thursday, after the company swung to a surprise fourth-quarter loss, halved its dividend and said it's delaying certain projects as it works to cope with headwinds created by slumping commodity prices.

Amplify Energy stock tanks after company swings to loss, halves dividend and delays certain projects

Get Ready For Amplified Returns With Amplify Energy Corp.

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What if — under these conditions of over valuation — you could find stocks trading with price/earnings ratios of below 15 and at less than their book value?

News for Amplify Energy Corp. Stock (AMPY)