Amplify Energy Corp
NYSE:AMPY
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Amplify Energy Corp
NYSE:AMPY
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Amplify Energy Corp
Amplify Energy Corp. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 210 full-time employees. The company went IPO on 2012-07-12. The Company’s assets consist primarily of producing oil and natural gas properties located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and Eagle Ford (Non-op). Its oil and natural gas properties are located in large, mature oil and natural gas reservoirs. The Company’s properties consist primarily of operating and non-operating working interests in producing and developing leasehold acreage and working interests in identified producing wells. The firm's estimated proved reserves approximately 121.2 million barrels of oil equivalent (MMBoe). The firm's subsidiaries include Amplify Energy Operating LLC (OLLC), Amplify Energy Holdings LLC, Amplify Acquisitionco LLC, Amplify Energy Services LLC and Amplify Energy Holdco LLC.
Amplify Energy Corp. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 210 full-time employees. The company went IPO on 2012-07-12. The Company’s assets consist primarily of producing oil and natural gas properties located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and Eagle Ford (Non-op). Its oil and natural gas properties are located in large, mature oil and natural gas reservoirs. The Company’s properties consist primarily of operating and non-operating working interests in producing and developing leasehold acreage and working interests in identified producing wells. The firm's estimated proved reserves approximately 121.2 million barrels of oil equivalent (MMBoe). The firm's subsidiaries include Amplify Energy Operating LLC (OLLC), Amplify Energy Holdings LLC, Amplify Acquisitionco LLC, Amplify Energy Services LLC and Amplify Energy Holdco LLC.
Production: Q1 production averaged 17,900 BOE per day, with new Beta wells driving a 35% increase in Beta field output since early 2024.
Financials: Adjusted EBITDA was $19.4 million and operating cash flow was $25.5 million; the company reported a net loss of $5.9 million for the quarter.
Capital & Guidance: Management is deferring three Beta development projects due to lower oil prices, reducing 2025 capital spending by about $15 million and updating annual production guidance to 19,000–20,500 BOE per day.
Cost Focus: Lease operating expenses rose to $37.4 million in Q1 but are expected to decline in the second half as cost savings initiatives take effect.
Asset Monetization: Amplify completed three Haynesville acreage sales since November 2024, generating $9.2 million in net proceeds while retaining upside through a 10% working interest.
Hedging: The company expanded oil and gas hedges; for 2025, 75–80% of oil and 80–90% of gas production are hedged, supporting cash flow stability.
Strategic Flexibility: Management is evaluating portfolio optimization and cost reductions to maintain strong free cash flow and may reinstate deferred Beta projects if market conditions improve.