Amplify Energy Corp Stock Price, News & Analysis

Amplify Energy Corp. (NYSE: AMPY) will announce its first quarter 2023 financial and operating results on May 3, 2023, after U.S. market close. The company will hold a conference call at 10:00 a.m. CT on May 4, 2023, to discuss these results. Interested participants can join by calling (800) 225-9448 with the Conference ID AEC1Q23, at least 15 minutes prior to the start. A replay will be accessible at (800) 654-1563 for 14 days post-call. Amplify Energy focuses on oil and natural gas properties across multiple regions, including Oklahoma, the Rockies, and offshore Southern California. For detailed information, visit www.amplifyenergy.com.

On April 17, 2023, Amplify Energy Corp. (NYSE: AMPY) announced the appointment of James Frew as Senior Vice President and Chief Financial Officer. Frew brings extensive experience from the oil and gas sector, having previously served at Sentinel Petroleum and Riviera Resources, among others. President and CEO Martyn Willsher expressed confidence in Frew's ability to enhance shareholder value through his financial expertise. Amplify Energy is focused on the acquisition and production of oil and natural gas, with operations primarily in the U.S. regions including Oklahoma and offshore Southern California.

Amplify Energy Corp. (NYSE: AMPY) has received federal regulatory approvals to restart operations at the Beta Field after facing challenges over the past 18 months. The initial step includes filling the San Pedro Bay Pipeline with production, a process that began recently and will take approximately two weeks. Safety remains a priority throughout this restart phase, as emphasized by the company's President and CEO, Martyn Willsher. Additionally, Amplify has received $85 million in net proceeds from vessels that previously damaged its pipeline. This financial boost aims to enhance operational safety and focus on the strategic direction of the company.

Amplify Energy Corp. (NYSE: AMPY) has appointed Dan Furbee as Senior Vice President and Chief Operating Officer, a move expected to enhance operational efficiency. Furbee's extensive background includes leadership roles at Sentinel Petroleum, Riviera Resources, and Linn Energy. His expertise in managing cash flow generating properties aligns with the company's strategic objectives. Martyn Willsher, President and CEO, expressed confidence in Furbee's ability to add value to Amplify's management team. Amplify is focused on oil and natural gas acquisition and production, particularly in Oklahoma and Southern California.

Amplify Energy Corp. (NYSE: AMPY) reported its Q4 and full-year 2022 financial and operational results, posting net income of $30 million for Q4 and $57.9 million for the year. Average daily production was 20.8 MBoepd. The company generated $15.2 million in net cash from operations in Q4 and reduced its debt by $40 million in 2022. Key developments include a $96.5 million settlement related to the Southern California pipeline incident and an estimated year-end proved reserves of 124 million barrels of oil equivalent. Looking ahead, Amplify anticipates significant free cash flow from the Beta field's restart and strategic capital allocation for high-return projects.

Amplify Energy Corp. (NYSE: AMPY) announced its participation in the 35th Annual Roth Capital Conference on March 13, 2023, taking place at the Ritz-Carlton, Laguna Niguel, CA. President and CEO Martyn Willsher will engage in one-on-one meetings with investors during the event. Amplify Energy is an independent oil and natural gas company focused on acquiring, developing, and producing oil and gas properties across regions, including Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and the Eagle Ford (Non-op). For further details, visit www.amplifyenergy.com.