Amplify Energy Announces Closing of Oklahoma Divestiture

Rhea-AI Summary

Amplify Energy (NYSE: AMPY) closed the sale of its Oklahoma interests for a contract price of $92.5 million, subject to customary post-closing adjustments.

With proceeds from the East Texas and Oklahoma divestitures, the company eliminated all debt outstanding under its revolving credit facility and is amending that facility for the pro-forma company, which it expects to close by December 31, 2025. Management said it will refocus resources on its highest-upside assets, expects to materially reduce G&A costs, and identified Beta and Bairoil as priority assets for value creation.

Positive

• Proceeds of $92.5M from Oklahoma divestiture
• All revolver debt eliminated after East Texas and Oklahoma sales
• Planned material G&A reduction to lower overhead
• Strategic focus on higher-upside assets Beta and Bairoil

Negative

• Oklahoma sale price subject to post-closing adjustments
• Amended credit facility expected to close by Dec 31, 2025 (timing risk)

Key Figures

Oklahoma divestiture price $92.5 million Contract price for Oklahoma interests

Amended credit facility timing December 31 Expected closing date for amended facility

Market Reality Check

$4.63 Last Close

Volume Volume 629,933 is roughly in line with the 20-day average 598,879. normal

Technical Shares at $4.56 are trading above the 200-day MA of $3.95.

Peers on Argus

Most peers in Oil & Gas E&P traded lower, with moves from -2.92% to -0.35%, while one peer rose 1.94%, suggesting mixed but generally negative sector tone alongside AMPY’s -3.18% move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 23	Divestiture closing	Positive	-2.1%	Closed East Texas sale for $122M to advance balance sheet strategy.
Nov 05	Earnings & strategy	Neutral	+1.6%	Reported Q3 results and detailed $220M divestiture program.
Nov 05	Oklahoma divestiture	Positive	+1.6%	Announced agreement to sell Oklahoma interests for $92.5M.
Oct 29	East Texas divestiture	Positive	+2.1%	Announced East Texas exit for anticipated $127.5M proceeds.
Aug 12	Conference participation	Neutral	+3.8%	Disclosed participation in EnerCom Denver investor conference.

Pattern Detected

Recent divestiture announcements often saw positive price reactions, but the latest East Texas closing drew a negative move, indicating occasional sell-the-news behavior.

Recent Company History

Over the last several months, Amplify Energy has focused on portfolio simplification and balance sheet repair. Divestitures in East Texas and Oklahoma were announced and then closed for contract prices in the low hundreds of millions, with proceeds earmarked to pay down revolver debt and reduce G&A. An earlier strategic update tied these sales to concentrating on higher-upside assets. Conference participation highlighted ongoing investor outreach. Today’s completion of the Oklahoma sale continues this multi-step shift toward a leaner, more focused company.

Market Pulse Summary

This announcement closes a major step in Amplify’s portfolio simplification, selling Oklahoma interests for $92.5M and eliminating debt under its revolving credit facility. It follows earlier East Texas divestitures tied to the same strategic plan. Investors may focus on how the leaner company allocates capital to Beta and Bairoil, the extent of G&A reductions, and subsequent financial results to gauge whether the streamlined asset base improves cash flow and returns.

Key Terms

revolving credit facility financial

"eliminated all debt outstanding under its current revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

pro-forma financial

"which is being amended for the pro-forma Company"

Pro-forma describes financial figures that have been adjusted to show what results would look like after excluding one-time items, restructuring costs, or assuming a transaction occurred. Investors use pro-forma numbers like a “what if” snapshot to compare underlying performance or estimate future earnings, but must check which items were removed because these adjustments can make results look stronger than the standard, audit-ready numbers.

g&a costs financial

"Amplify expects to materially reduce G&A costs"

G&A costs are the overhead expenses needed to keep a company running that aren’t directly tied to making products or delivering services, such as office rent, administrative salaries, accounting, legal fees, and utilities. Investors monitor these costs because they reduce profit and reveal how efficiently a business is managed—like household bills that eat into take-home pay, lower or well-controlled G&A often means healthier margins and better cash flow.

AI-generated analysis. Not financial advice.

HOUSTON, Dec. 29, 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 Oklahoma for a contract price of $92.5 million, subject to customary post-closing adjustments.

With proceeds from its East Texas and Oklahoma divestitures, the Company has eliminated all debt outstanding under its current revolving credit facility, which is being amended for the pro-forma Company. The Company expects to close the amended credit facility by December 31^st.

Dan Furbee, Amplify’s Chief Executive Officer commented, “We are excited to have completed the closings of the East Texas and Oklahoma transactions in coordination with the Company’s previously announced strategic plan to simplify its portfolio. With an improved balance sheet, the Company intends to focus its resources on its highest upside assets. Furthermore, after closing these transactions, Amplify expects to materially reduce G&A costs. We believe Amplify will be well positioned to create significant upside value at both Beta and Bairoil.”

Mr. Furbee continued, “I want to thank our talented and dedicated teams for the significant effort they have put forth on these transactions in addition to their continued commitment to safe and efficient operations.”

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 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 closing of the amended credit facility, the impact of the East Texas and Oklahoma sales on the Company’s business and future financial and operating results, and the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. 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 Company’s evaluation and implementation of strategic alternatives; the ability to close the amended credit facility and risks related to future redeterminations of the borrowing base under the Company’s amended 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) sell in the Oklahoma divestiture on December 29, 2025?

Amplify sold its interests in Oklahoma for a contract price of $92.5 million, subject to customary post-closing adjustments.

How did the Oklahoma and East Texas divestitures affect Amplify Energy's (AMPY) debt?

Proceeds from the East Texas and Oklahoma sales eliminated all debt outstanding under the company's revolving credit facility.

When does Amplify Energy (AMPY) expect the amended credit facility to close?

The company expects to close the amended revolving credit facility by December 31, 2025.

What will Amplify Energy (AMPY) focus on after the divestitures?

The company intends to concentrate resources on its highest-upside assets, specifically Beta and Bairoil.

Will Amplify Energy (AMPY) reduce costs after the sales?

Yes, Amplify expects to materially reduce G&A costs following the closings.