Amplify Energy Corp Stock Price, News & Analysis

Amplify Energy Corp. (NYSE: AMPY) announced its participation in the upcoming 2025 Louisiana Energy Conference, scheduled for May 28th at the Four Seasons in New Orleans. The company's President and CEO, Martyn Willsher, will be a panelist in a discussion titled "Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian." Additionally, Willsher will be available for investor meetings during the conference.

Amplify Energy Corp. (NYSE: AMPY) has appointed Clint Coghill as Lead Independent Director to its Board of Directors, effective May 16, 2025. Coghill, who is the Chief Investment Officer of Stoney Lonesome, represents entities that collectively own approximately 7% of Amplify's outstanding shares. As part of the appointment, Coghill will serve on the Board's Compensation Committee and be included in the Board's slate of nominees for the 2025 Annual Meeting.

The appointment comes with a cooperation agreement between Amplify and Stoney Lonesome entities, which includes customary standstill and voting provisions. The agreement will be filed with the SEC as part of a Current Report on Form 8-K.

Amplify Energy Corp (NYSE: AMPY) reported its Q1 2025 results and updated 2025 guidance. The company achieved average production of 17.9 MBoepd and generated $25.5 million in operating cash flow, despite posting a net loss of $5.9 million. Key highlights include successful Beta oilfield development, with the C54 well achieving 800 Bopd initial production and the C48 well producing 100 BOPD. Beta field production increased by 35% since early 2024. The company generated $19.4 million in Adjusted EBITDA and holds $125 million in debt with a 1.3x net debt to LTM Adjusted EBITDA ratio. Due to lower oil prices, Amplify is deferring three Beta development projects, saving $15 million in 2025 capital. The company also completed two Haynesville acreage sales for total proceeds of $7.8 million.

Amplify Energy (NYSE: AMPY) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its financial and operating results after U.S. market close on May 12, 2025.

A conference call with management is set for May 13, 2025, at 10:00 a.m. CT. Investors and interested parties can join by dialing (888) 999-3182 with Conference ID: AEC1Q25. Participants are advised to dial in at least 15 minutes before the call starts.

For those unable to attend live, several options are available:

• A 14-day telephonic replay accessible at (800) 654-1563 (Access Code: 52458798)
• A transcript of the call will be posted on the company website
• A recorded replay will also be available on the website after the call

Amplify Energy Corp. (NYSE: AMPY) and Juniper Capital Advisors have mutually agreed to terminate their previously announced merger agreement due to extraordinary market volatility. As part of the termination agreement, Juniper will receive an $800,000 cash payment instead of any potential termination fee.

Following this decision, Amplify has cancelled its special stockholders meeting and withdrawn the proposals outlined in its March 4, 2025 proxy statement. The company plans to provide updates on its business status, including capital allocation and free cash flow outlook, during its upcoming first quarter earnings announcement. Amplify will continue exploring strategic alternatives to maximize shareholder value, including portfolio optimization strategies.

Amplify Energy Corp. (NYSE: AMPY) announced the adjournment of its Special Meeting of Stockholders regarding the proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. The meeting will be reconvened on May 1, 2025 at 8:00 a.m. Central Time.

The adjournment aims to provide additional time for proxy solicitation and broader stockholder participation. The record date remains March 3, 2025. The meeting will be held virtually, requiring advance registration at www.cesonlineservices.com/ampysm_vm before April 30, 2025. Previously cast votes remain valid unless changed, and the Board of Directors unanimously recommends voting FOR the merger proposals.

Amplify Energy (NYSE: AMPY) announced an amendment to its merger agreement with Juniper Capital's Rocky Mountain portfolio companies. The key update includes Juniper contributing an additional $10 million in cash to reduce the combined companies' net debt. At closing, Amplify will issue approximately 26.7 million shares and assume about $133 million in net debt.

The companies have substantial hedge positions to protect against commodity price volatility. Amplify has 80-85% of oil hedged in 2025 and 40-45% in 2026, while Juniper has 65-70% hedged in 2025 and 50-55% in 2026. Current hedge values are approximately $25 million for Amplify and $14 million for Juniper.

Juniper's audited reserves show a total proved reserve PV-10 value of $356 million at $60/barrel WTI oil prices. The Special Meeting of Stockholders to approve the merger proposals is scheduled for April 23, 2025.

Amplify Energy Corp. (NYSE: AMPY) announced the adjournment of its Special Meeting of Stockholders regarding the proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies. The meeting will be postponed from April 14, 2025, to April 23, 2025, at 9:00 a.m. Central Time.

The virtual meeting will be held at www.cesonlineservices.com/ampysm_vm, with the record date remaining March 3, 2025. The adjournment aims to allow additional time for proxy solicitation and broader stockholder participation. Previously cast votes remain valid unless stockholders choose to change them.

The Board of Directors unanimously recommends voting FOR the merger proposals outlined in the definitive proxy statement.

Amplify Energy Corp. (NYSE: AMPY) announced that Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended shareholders vote 'FOR' the proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies.

The merger is projected to deliver significant benefits including:

• Increase in 2025 free cash flow per share from $0.50 to over $0.70
• ~89% increase in total proved reserve value from $688 million to $1.3 billion
• 40% increase in pro-forma Adjusted EBITDA per BOE due to higher oil weighting and lower cost structure
• Over 20% decrease in pro-forma G&A per BOE through economies of scale

The Special Meeting of Shareholders to approve the proposals is scheduled for April 14, 2025, at 9:00 a.m. Central Time.