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 Q2 2022 operational and financial results on August 3, revealing an average production of 20.4 MBoepd, unchanged from Q1. The company generated $20.7 million in net cash from operations and reported a net income of $29.2 million. Adjusted EBITDA fell to $16.3 million, down $8.6 million from the previous quarter, primarily due to insurance proceeds timing related to the Southern California pipeline incident. Amplify updated its full-year guidance, forecasting increased production and adjusted EBITDA amid strengthening commodity prices.
Amplify Energy Corp. (NYSE: AMPY) announced it will release its second quarter 2022 financial and operating results on August 3, 2022, after U.S. markets close. A conference call will follow on August 4, 2022, at 10:00 a.m. CT, where management will discuss the results. Interested participants can join the call by dialing (800) 343-5172 with Conference ID: AEC2Q22. A replay will be available for 14 days afterward at (844) 488-7474, Access Code: 72522130.
Amplify focuses on oil and natural gas acquisition and production across several U.S. regions.
Amplify Energy Corp. (NYSE: AMPY) announced the completion of its semi-annual borrowing base redetermination, maintaining it at $225 million. As of May 31, 2022, the company reported total net debt of $187 million with $215 million outstanding under its credit facility and $28 million in cash. CEO Martyn Willsher stated that this stability positions the company to improve its liquidity and leverage, focusing on capital allocation for high-return projects to enhance free cash flow and stockholder value.
Amplify Energy Corp. (NYSE: AMPY) will participate in the 2022 Louisiana Energy Conference on June 2 at the Ritz-Carlton Hotel in New Orleans, LA. President and CEO Martyn Willsher will join a panel discussion on U.S. Onshore E&P and will be available for investor meetings during the event. Amplify Energy focuses on the acquisition, development, and production of oil and natural gas, particularly in regions like Oklahoma and Southern California. For more information, visit www.amplifyenergy.com.
Amplify Energy Corp. (NYSE: AMPY) reported its Q1 2022 results, achieving average production of 20.4 MBoepd and generating $24.9 million in Adjusted EBITDA.
Net cash from operations was $9.7 million, while free cash flow stood at $14.9 million. The company received PHMSA approval for a permanent pipeline repair plan amid the Southern California incident and updated its 2022 guidance with increased production expectations. Net debt totaled $197 million, with a net debt to LTM EBITDA ratio of 2.3x. The board saw new appointments, enhancing its governance.
Amplify Energy Corp. (NYSE: AMPY) will report its first quarter 2022 financial results after U.S. market close on May 4, 2022. A conference call to discuss these results is scheduled for 10:00 a.m. CT on May 5, 2022. Participants can dial in at (800) 489-9479 (Conference ID: 6891368) or join via their website. A replay will be accessible for 14 days post-call. Amplify is focused on oil and natural gas acquisition and production across several key regions, including Oklahoma and Southern California.
Amplify Energy Corp. (NYSE: AMPY) announced the appointments of Deborah Adams and Eric Greager to its Board of Directors. Adams brings over 35 years of energy industry experience from Phillips 66, focusing on health, safety, and environmental aspects. Greager has nearly 30 years of operational experience, previously serving as CEO of Civitas Resources. Both appointees will enhance the Board's expertise in oil and gas, regulatory affairs, and risk management, with the Board now comprising seven directors, six of whom are independent.
Amplify Energy Corp. (NYSE: AMPY) released its Q4 2021 and full-year results, reporting average production of 20.8 MBoepd and net cash from operations of $7.7 million. Adjusted EBITDA for Q4 was $10.8 million, a decrease from Q3 due to a pipeline incident. The company’s total proved reserves stood at 121 MMBoe, with a PV-10 value of approximately $1 billion. Amplify is actively pursuing legal action related to the Southern California pipeline incident and aims to enhance free cash flow while managing debt, which is currently at $203 million.
Amplify Energy Corp. (NYSE: AMPY) provided an update on the Southern California oil release event from October 2021. The U.S. Coast Guard announced cleanup operations are complete as of February 2, 2022, with over 1,800 contractors deployed. Amplify has filed complaints against shipping companies for negligence leading to the incident. The company is now focused on advancing its permanent repair plan for the San Pedro Bay Pipeline, which includes the removal and replacement of damaged sections. Amplify is committed to environmental protection and compliance with regulatory bodies.
Amplify Energy Corp. (AMPY) will announce its fourth quarter 2021 financial results on March 9, 2022, after market close. A conference call to discuss these results is scheduled for March 10, 2022, at 10:00 a.m. CT. Participants can join by phone or online. The replay will be available for 14 days post-call. Amplify Energy operates in oil and natural gas, focusing on properties across various regions including Oklahoma and offshore Southern California.
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