Welcome to our dedicated page for Amplify Energy news (Ticker: AMPY), a resource for investors and traders seeking the latest updates and insights on Amplify Energy stock.
Amplify Energy Corp (AMPY) is an independent oil and natural gas company focused on optimizing production from mature energy assets across key U.S. regions. This page serves as the definitive source for verified corporate announcements, financial updates, and operational developments.
Investors and industry observers will find timely access to press releases covering quarterly earnings, strategic acquisitions, production enhancements, and regulatory filings. Our curated collection ensures efficient tracking of material events impacting AMPY's position in energy markets.
The resource prioritizes updates related to reservoir management in established basins, operational efficiency initiatives, and capital allocation decisions. Content types span drilling results, partnership announcements, and leadership updates critical for comprehensive analysis.
Bookmark this page for structured access to AMPY's evolving story in the energy sector. Combine these primary sources with broader market analysis for informed perspective on the company's performance.
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.
Amplify Energy Corp. (NYSE: AMPY) has announced a transformational merger agreement with Juniper Capital to combine with Juniper's portfolio companies owning oil-weighted assets in the DJ and Powder River Basins. Under the deal, Amplify will issue approximately 26.7 million shares and assume $133 million in net debt, with Amplify shareholders retaining 61% ownership.
The transaction adds approximately 19 MMBoe of Proved Developed Reserves valued at over $330 million, and 287,000 net acres in Wyoming. The acquired assets currently produce about 7,900 net Boe daily (81% oil, 90% liquids). The merger is expected to close in Q2 2025, subject to shareholder and regulatory approvals.
The deal aims to increase scale, improve operating metrics, and add organic growth opportunities through hundreds of potential drilling locations. The transaction is expected to be significantly accretive to free cash flow in 2025 and over a 5-year period, with material synergies from optimized operations and tax savings.
Amplify Energy Corp (NYSE: AMPY) has announced its upcoming participation in a fireside chat event hosted by Alliance Global Partners. The discussion will be led by Jeff Grampp, Senior Analyst, and is scheduled for Thursday, January 23, 2025, at 12:00 p.m. ET.
The event will be accessible via webcast, with registration available through a provided Zoom link. For those unable to attend the live session, a replay will remain available for a minimum of 30 days following the event on the company's investor relations website section.
Amplify Energy (NYSE: AMPY) reported strong Q3 2024 results with net income of $22.7 million and Adjusted EBITDA of $25.5 million. The company achieved average total production of 19.0 MBoepd and generated $3.6 million in free cash flow.
Key highlights include successful drilling of the C59 development well at Beta, achieving an IP30 oil rate of 590 Bopd (gross), exceeding projections. The company's borrowing base and elected commitments increased to $145.0 million, improving liquidity by $10.0 million. The company maintains a strong financial position with Net Debt to LTM Adjusted EBITDA of 1.1x.
Amplify Energy (NYSE: AMPY) has scheduled its third quarter 2024 financial and operating results announcement for November 6, 2024, after U.S. market close. The company will host a conference call on November 7, 2024 at 10:00 a.m. CT to discuss the results. Investors can join via phone at (877) 550-1707 with Conference ID: AEC3Q24. A replay will be available for fourteen days at (800) 654-1563 with Access Code: 10171254.
Amplify Energy Corp. (NYSE: AMPY) has announced its participation in the Citadel Securities Energy Investor Days on October 1st, 2024, in New York City. The event provides an opportunity for the company's management to engage in one-on-one meetings with investors, potentially discussing the company's performance, strategies, and future outlook.
This participation suggests Amplify Energy's commitment to investor relations and transparency. It also indicates the company's interest in attracting potential investors and maintaining relationships with existing ones. The Citadel Securities Energy Investor Days is likely a significant event in the energy sector, offering valuable networking and information-sharing opportunities for participating companies and investors alike.
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