Amplify Energy Corp Stock Price, News & Analysis

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Following this decision, Amplify has cancelled its special stockholders meeting and withdrawn the proposals outlined in its March 4, 2025 proxy statement.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.

Amplify Energy Corp. (NYSE: AMPY) announced plans to conduct fixed income investor meetings starting March 31, 2025, potentially leading to a new USD-denominated, 5-year senior unsecured bond offering. The company has appointed Arctic Securities AS and DNB Markets as joint bookrunners for the meetings.

If issued, the bonds' net proceeds would be used for partial repayment of the company's reserve-based lending facility and general corporate purposes. The offering would be exclusively available to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933.

Amplify Energy Corp. (NYSE: AMPY) has released additional details about its planned acquisition of Juniper Capital's upstream Rocky Mountain portfolio. The merger is projected to deliver significant financial benefits, including:

- An 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
- Over 20% decrease in pro-forma G&A per BOE

The acquisition provides portfolio flexibility, organic growth potential through high-quality drilling locations, and meaningful operating synergies. A special shareholder meeting is scheduled for April 14, 2025, at 9:00 a.m. Central Time to vote on two merger-related proposals, which the Board unanimously recommends shareholders approve.

Amplify Energy Corp. (NYSE: AMPY) reported its Q4 and full-year 2024 results, highlighting several key achievements. For Q4 2024, the company achieved average production of 18.5 MBoepd, generated $12.5 million in operating cash flow, and delivered Adjusted EBITDA of $21.8 million despite a net loss of $7.4 million.

Full-year 2024 performance included average production of 19.5 MBoepd, $51.3 million in operating cash flow, and $103.0 million in Adjusted EBITDA. The company's year-end 2024 proved reserves totaled 93 MMBoe with a PV-10 value of $736 million.

A significant development is the pending merger with Juniper Capital's portfolio companies, expected to close in Q2 2025. This transaction will expand operations into the DJ and Powder River Basins, with Amplify and Juniper owning approximately 61% and 39% of the combined company respectively.

The company's 2025 strategic initiatives include completing the Juniper combination, executing six Beta field completions, expanding Magnify Energy Services, and pursuing value creation opportunities in East Texas.

Amplify Energy (NYSE: AMPY) has scheduled its fourth quarter 2024 financial and operating results announcement for March 5, 2025, after U.S. market close. The company will host a conference call on March 6, 2025 at 10:00 a.m. CT to discuss the results.

Interested participants can join the conference call by dialing (888) 999-5318 with Conference ID: AEC4Q24. A telephonic replay will be available for fourteen days by dialing (800) 654-1563 with Access Code: 71724906. Both the transcript and recorded replay will be accessible on the company's website after the call.