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 its first quarter 2024 results, including achieving average total production of 20.2 MBoepd, generating net cash provided by operating activities of $7.7 million, and a net loss of $9.4 million. The company also delivered Adjusted EBITDA of $24.9 million and $2.3 million of free cash flow. Amplify is increasing its 2024 guidance due to better-than-expected results and higher forecasted crude oil prices. The Bairoil monetization process is progressing as expected, and the Beta development program is underway, with some delays. The company successfully replaced its surety bonds and renegotiated iodine royalty contracts, expecting to increase Other Revenue in 2024. Amplify's net debt was $112 million as of March 31, 2024, with a Net Debt to Last Twelve Months Adjusted EBITDA of 1.3x.
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