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 a public offering of 8,548,485 shares by certain stockholders affiliated with Fir Tree Capital Management. Amplify will not sell any shares or receive proceeds from the offering. Roth Capital Partners serves as the Sole Manager. The offering is made under effective shelf registration statements filed with the SEC. This press release does not constitute an offer to sell or buy securities in jurisdictions where it would be unlawful.
Amplify Energy Corp. (NYSE: AMPY) announced the successful completion of its semi-annual redetermination of the revolving credit facility (RCF), maintaining the borrowing base at $260 million. As of October 30, 2020, the company reported a total net debt of $243 million with $260 million drawn against the credit facility and $17 million in cash. Interim CEO Martyn Willsher highlighted the positive outcome reflecting the company's robust asset base and effective hedging strategy amid challenging market conditions.
Amplify Energy Corp. (NYSE: AMPY) reported its third quarter 2020 financial results, revealing a 5% increase in oil production to 10.8 MBbls/d. The company generated $20.6 million in net cash from operating activities and achieved an Adjusted EBITDA of $24.8 million, a $3.5 million increase from the prior quarter. Notably, Free Cash Flow rose to $16 million, an increase of $5 million. Amplify reduced its lease operating expenses to $27.6 million and has hedged 75% of its fourth-quarter crude oil production. As of October 30, 2020, net debt stood at $243 million.
Amplify Energy Corp. (NYSE: AMPY) will report its third quarter 2020 financial and operating results on November 5, 2020. The management will hold a conference call at 10:00 a.m. CT to discuss the results. Interested participants can join the call by dialing (833) 883-4379 or via the internet. A replay will be available for fourteen days after the call. Amplify is an independent oil and natural gas company operating primarily in Oklahoma, offshore California, and Texas.
Amplify Energy Corp. (NYSE: AMPY) received a notice from the NYSE indicating its average share price fell below $1.00 for the past 30 trading days, impacting its continued listing eligibility. The company confirmed that this notification does not affect its ongoing business operations or SEC reporting obligations. Amplify plans to notify the NYSE of its intent to cure this deficiency within the designated six-month period, allowing for continued trading of its shares, provided other listing requirements are met.
Amplify Energy Corp. (NYSE: AMPY) received a notice from the NYSE on August 31, 2020, indicating non-compliance with listing standards due to its market capitalization and stockholders' equity falling below $50 million. The Company has 45 days to submit a business plan to demonstrate compliance within 18 months. If accepted, it will undergo quarterly monitoring; if rejected, delisting procedures may occur. The notice does not currently impact trading or business operations.
Amplify Energy Corp. (NYSE: AMPY) reported strong second-quarter results despite COVID-19 challenges. The company reduced operating expenses by $8 million and lowered its capital spending plan by over $8 million, now expecting a total of approximately $28 million for the year. Daily production averaged 27.7 MBoe/d, with adjusted EBITDA of $21.3 million. The finalized royalty relief in its Beta field is expected to generate an additional $7 million in revenue annually. As of July 31, 2020, Amplify's net debt stood at $259 million.
Amplify Energy Corp. (NYSE: AMPY) will report its second quarter 2020 financial and operating results on August 5, 2020. The company invites stakeholders to join a conference call at 10:00 a.m. CT to discuss the results, with the call accessible via phone or online. A replay will be available for 14 days after the call. Amplify Energy operates in oil and natural gas exploration and production across various U.S. regions, including Oklahoma, California, and Texas. For more details, visit their website.
Amplify Energy Corp. (NYSE: AMPY) announced a completed redetermination of its revolving credit facility, resulting in a revised borrowing base of $285 million. This includes scheduled monthly reductions of $5 million until reaching $260 million by November 1, 2020. While the process faced challenges due to declining commodity prices, the company remains optimistic about increasing liquidity and reducing debt, aided by hedges and a recovering market. As of June 12, 2020, Amplify reported $264 million in net debt and $21 million in cash.
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