Amplify Energy Announces Successful Borrowing Base Redetermination
Amplify Energy (NYSE: AMPY) has successfully completed its semi-annual borrowing base redetermination, maintaining its borrowing base at $145 million. The next redetermination is scheduled for Q4 2025. CEO Martyn Willsher emphasized the company's focus on generating free cash flow and managing liquidity through strong hedge positions and cost reduction initiatives. The company is also exploring portfolio optimization opportunities that could potentially accelerate the development program at Beta, despite current commodity price volatility.
Amplify Energy (NYSE: AMPY) ha completato con successo la revisione semestrale del proprio plafond di credito, mantenendolo a 145 milioni di dollari. La prossima revisione è prevista per il quarto trimestre del 2025. Il CEO Martyn Willsher ha sottolineato l'importanza per l'azienda di generare flussi di cassa liberi e gestire la liquidità attraverso solide posizioni di copertura e iniziative di riduzione dei costi. L'azienda sta inoltre valutando opportunità di ottimizzazione del portafoglio che potrebbero accelerare il programma di sviluppo a Beta, nonostante la volatilità attuale dei prezzi delle materie prime.
Amplify Energy (NYSE: AMPY) ha completado con éxito la reevaluación semestral de su línea de crédito, manteniéndola en 145 millones de dólares. La próxima reevaluación está programada para el cuarto trimestre de 2025. El CEO Martyn Willsher destacó el enfoque de la empresa en generar flujo de caja libre y gestionar la liquidez mediante sólidas posiciones de cobertura e iniciativas de reducción de costos. La compañía también está explorando oportunidades de optimización de cartera que podrían acelerar el programa de desarrollo en Beta, a pesar de la volatilidad actual de los precios de las materias primas.
Amplify Energy (NYSE: AMPY)는 반기별 차입 한도 재산정을 성공적으로 완료하여 차입 한도를 1억 4500만 달러로 유지했습니다. 다음 재산정은 2025년 4분기로 예정되어 있습니다. CEO Martyn Willsher는 자유 현금 흐름 창출과 강력한 헤지 포지션 및 비용 절감 이니셔티브를 통한 유동성 관리에 회사가 집중하고 있음을 강조했습니다. 또한 회사는 현재 원자재 가격 변동성에도 불구하고 Beta 개발 프로그램을 가속화할 수 있는 포트폴리오 최적화 기회를 모색하고 있습니다.
Amplify Energy (NYSE : AMPY) a réussi à finaliser la réévaluation semestrielle de sa capacité d'emprunt, en la maintenant à 145 millions de dollars. La prochaine réévaluation est prévue pour le quatrième trimestre 2025. Le PDG Martyn Willsher a souligné l'importance pour l'entreprise de générer des flux de trésorerie disponibles et de gérer la liquidité grâce à des positions de couverture solides et des initiatives de réduction des coûts. La société explore également des opportunités d'optimisation de portefeuille qui pourraient potentiellement accélérer le programme de développement à Beta, malgré la volatilité actuelle des prix des matières premières.
Amplify Energy (NYSE: AMPY) hat die halbjährliche Neubewertung seiner Kreditlinie erfolgreich abgeschlossen und die Kreditlinie bei 145 Millionen US-Dollar gehalten. Die nächste Neubewertung ist für das vierte Quartal 2025 geplant. CEO Martyn Willsher betonte den Fokus des Unternehmens auf die Erzielung von freiem Cashflow und die Liquiditätssteuerung durch starke Absicherungspositionen und Kostensenkungsmaßnahmen. Das Unternehmen prüft zudem Möglichkeiten zur Portfoliooptimierung, die das Entwicklungsprogramm bei Beta trotz der aktuellen Volatilität der Rohstoffpreise beschleunigen könnten.
- Maintained borrowing base at $145 million despite commodity price volatility
- Strong hedge positions in place to manage market fluctuations
- Ongoing cost reduction efforts to improve operational efficiency
- Potential acceleration of Beta development program through portfolio optimization
- Facing commodity price volatility in the market
- Development program acceleration dependent on portfolio optimization success
HOUSTON, May 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination. The redetermination affirmed the borrowing base at
Martyn Willsher, Amplify’s President and Chief Executive Officer commented, “I would like to express my appreciation to our syndicate of lenders for reaffirming our
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking statements.” 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 “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, 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. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (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/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.
Investor Relations Contacts
Jim Frew -- SVP & Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Director, Finance and Treasurer
(832) 219-9051
michael.jordan@amplifyenergy.com
FAQ
What is AMPY's current borrowing base after the May 2025 redetermination?
When is Amplify Energy's next borrowing base redetermination scheduled?
What are Amplify Energy's (AMPY) main strategic focuses according to the May 2025 announcement?
Who is the current CEO of Amplify Energy (AMPY)?
