Amplify Energy Announces Closing of East Texas Divestiture
Rhea-AI Summary
Amplify Energy (NYSE: AMPY) announced it closed the previously announced sale of its interests in East Texas for a contract price of $122.0 million, subject to customary post-closing adjustments.
The company said the previously announced divestiture of its Oklahoma assets is still expected to close by the end of 2025.
Positive
- $122.0 million contract price received for East Texas interests
- Completes previously announced East Texas divestiture
Negative
- Proceeds subject to customary post-closing adjustments
- Oklahoma asset sale still pending, expected to close by end of 2025
News Market Reaction
On the day this news was published, AMPY declined 2.08%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
AMPY’s gain of 0.84% came with mixed peer moves: some like EP and KGEI rose, while others like ANNA and EPM declined, suggesting a more stock-specific response to the divestiture news.
Market Pulse Summary
This announcement confirms closing of the East Texas asset sale for $122.0 million and reiterates expectations that the Oklahoma divestiture will close by the end of 2025. Investors may focus on how proceeds are deployed, effects on production and cash flow, and any follow-up disclosures. Comparing this move with future updates on capital allocation and balance sheet changes will be important for assessing strategic impact.
Key Terms
divestiture financial
post-closing adjustments financial
AI-generated analysis. Not financial advice.
HOUSTON, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it closed the previously announced transaction to sell its interests in East Texas for a contract price of
The previously announced divestiture of the Company’s Oklahoma assets is still expected to close by the end of 2025.
About Amplify Energy
Amplify Energy Corp. is an independent oil company engaged in the acquisition, development, exploitation and production of oil. Amplify’s operations are focused in Oklahoma, Beta (Pacific Offshore Continental Shelf) and Bairoil (Rockies). For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the anticipated divestiture of Amplify’s assets in Oklahoma. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks and uncertainties relating to, among other things: the ability to complete the potential sale of the Company’s assets in Oklahoma on favorable terms, or at all; the Company’s evaluation and implementation of strategic alternatives; risks related to the redetermination of the borrowing base under the Company’s revolving credit facility; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs; the Company’s ability to access funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including the Russian invasion of Ukraine, and ongoing conflicts in the Middle East, trade wars and the potential destabilizing effect such conflicts may pose for the global oil and natural gas markets; expectations regarding general economic conditions, including inflation; and the impact of local, state and federal governmental regulations, including those related to climate change and hydraulic fracturing, and potential changes in these regulations. Please read the Company’s filings with the SEC, including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/sec-filings/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Contacts
Jim Frew -- President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Vice President, Finance and Treasury
(832) 219-9051
michael.jordan@amplifyenergy.com
FAQ
What did Amplify Energy (AMPY) announce on December 23, 2025?
How much did Amplify Energy receive for its East Texas interests (AMPY)?
Is Amplify Energy’s Oklahoma divestiture (AMPY) closed after the East Texas sale?
Will the $122.0 million East Texas sale price for AMPY change?
What immediate impact does the East Texas sale have on AMPY shareholders?
When should investors expect the Oklahoma asset sale for AMPY to close?
