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Amplify Energy (NYSE: AMPY) closes $92.5M Oklahoma asset sale, files pro formas

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(Moderate)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Amplify Energy Corp. completed the previously announced sale of certain Oklahoma oil and gas properties and related equipment to Revolution Resources III, LLC. The asset sale closed on December 29, 2025, for a cash purchase price of approximately $92.5 million, subject to customary post-closing adjustments.

The company states that this disposition does not qualify as a discontinued operation, meaning the sold assets are not treated as a separate major business line for accounting purposes. Amplify also filed unaudited pro forma condensed consolidated financial statements to show how its balance sheet and results of operations would look after this Oklahoma asset sale and a previously announced sale of assets in East Texas and Louisiana.

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Insights

Amplify closes a $92.5M Oklahoma asset sale and provides pro forma financials.

Amplify Energy Corp. reports closing the sale of certain Oklahoma oil and gas properties and related equipment to Revolution Resources III, LLC for approximately $92.5 million in cash, subject to standard post-closing adjustments. The assets are carved out as specific properties and equipment within designated lands, indicating a targeted portfolio reshaping rather than a full-business divestiture.

The company notes that this disposal does not qualify as a discontinued operation, so historical results will continue to include these assets instead of being presented as a separate, exited segment. To help readers understand the combined effect of this Oklahoma sale and an earlier sale of assets in East Texas and Louisiana, Amplify is providing unaudited pro forma condensed consolidated financial statements for the balance sheet as of September 30, 2025 and statements of operations for the nine months ended September 30, 2025 and the year ended December 31, 2024.

These pro forma statements allow a view of the company’s capital structure and earnings profile after both divestitures, based solely on the transactions described. A separate press release dated December 29, 2025 also summarizes the transaction, and all related agreements and schedules are referenced as exhibits, providing detailed terms for those reviewing transaction structure and ongoing obligations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): December 29, 2025

 

 

 

AMPLIFY ENERGY CORP.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware 001-35512 82-1326219

(State or other jurisdiction of
Incorporation or Organization)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

 

500 Dallas Street, Suite 1700
Houston, Texas
  77002
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (832) 219-9001

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities Registered Pursuant to Section 12(b):

 

Title of each class   Trading
Symbol(s)
  Name of each exchange
on which registered
Common Stock   AMPY   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item2.01.Completion of Acquisition or Disposition of Assets.

 

As previously announced, on November 4, 2025, Amplify Oklahoma Operating LLC, a Delaware limited liability company (“Amplify Oklahoma”), Magnify Energy Services LLC, a Delaware limited liability company (“Magnify” and together with Amplify Oklahoma, the “Sellers”), and, for certain limited purposes, Amplify Energy Operating LLC, a Delaware limited liability company, each an indirect, wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the “Company”), entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with Revolution Resources III, LLC, a Delaware limited liability company (“Revolution”), pursuant to which the Sellers sold to Revolution certain assets of the Sellers, which include, among other things, the Sellers’ right, title and interest in and to certain specified oil and gas Properties and Equipment within or related to certain designated lands in Oklahoma (the “Asset Sale”) for a cash purchase price of $92.5 million.

 

The Asset Sale was completed on December 29, 2025, for total proceeds of approximately $92.5 million in cash, subject to customary post-closing adjustments. This disposition does not qualify as a discontinued operation.

 

The forgoing description of the Asset Sale does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase and Sale Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

  Item 7.01.Regulation FD Disclosure.

 

On December 29, 2025, the Company issued a press release announcing the events described in Item 1.01 of this Current Report. A copy of the press release is attached hereto as Exhibit 99.2.

 

The information contained in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

 

Item9.01.Financial Statements and Exhibits.

 

(b) Pro Forma Financial Information

 

The following unaudited pro forma condensed consolidated financial information of the Company giving effect to the Asset Sale and the Company’s previously announced sale of certain assets located in East Texas and Louisiana is being filed as Exhibit 99.1 of this Form 8-K and is incorporated herein by reference:

 

1.Unaudited Pro Forma Condensed Consolidated Balance Sheet as of September 30, 2025.
2.Unaudited Pro Forma Condensed Statement of Consolidated Operations for the nine months ended September 30, 2025.
3.Unaudited Pro Forma Condensed Statement of Consolidated Operations for the year ended December 31, 2024.

 

(d) Exhibits.

 

Exhibit
Number
  Description
2.1*   Purchase and Sale Agreement, dated November 4, 2025, among Amplify Oklahoma Operating LLC, Magnify Energy Services LLC, Amplify Energy Operating LLC and Revolution Resources III, LLC (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 5, 2025).
     
99.1   Unaudited Pro Forma Condensed Consolidated Financial Statements of Amplify Energy Corp.
     
99.2   Press Release, dated December 29, 2025.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

* Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission on request.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: December 29, 2025 AMPLIFY ENERGY CORP.
   
  By: /s/ Daniel Furbee
    Name: Daniel Furbee
    Title: Chief Executive Officer

 

 

 

FAQ

What transaction did Amplify Energy Corp. (AMPY) report in this 8-K?

Amplify Energy Corp. reported the completion of an asset sale in which its subsidiaries Amplify Oklahoma Operating LLC and Magnify Energy Services LLC sold certain specified oil and gas properties and related equipment in Oklahoma to Revolution Resources III, LLC.

How much cash did Amplify Energy receive for the Oklahoma asset sale?

Amplify Energy received a cash purchase price of approximately $92.5 million for the Oklahoma asset sale, subject to customary post-closing adjustments.

When did Amplify Energy close the sale of its Oklahoma assets?

Amplify Energy closed the sale of its Oklahoma oil and gas properties and related equipment on December 29, 2025.

Does Amplify Energy treat the Oklahoma asset sale as a discontinued operation?

No. Amplify Energy states that this disposition does not qualify as a discontinued operation, so the sold assets are not accounted for as a separate major line of business that has been exited.

What pro forma financial information did Amplify Energy provide related to the asset sale?

Amplify provided unaudited pro forma condensed consolidated financial statements as an exhibit, including a balance sheet as of September 30, 2025, and statements of consolidated operations for the nine months ended September 30, 2025, and the year ended December 31, 2024, reflecting the Oklahoma asset sale and a previously announced sale of assets in East Texas and Louisiana.

Did Amplify Energy issue a press release about the Oklahoma asset sale?

Yes. Amplify Energy issued a press release dated December 29, 2025 describing the completion of the Oklahoma asset sale, which is filed as Exhibit 99.2.
Amplify Energy Corp

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