Amplify Energy Q1 2024 GAAP EPS $(0.24) Misses $0.24 Estimate, Sales $76.299M Beat $76.276M Estimate

5/8/24 5:44:48 PM ET

Oil & Gas Production

Energy

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Amplify Energy (NYSE:AMPY) reported quarterly losses of $(0.24) per share which missed the analyst consensus estimate of $0.24 by 200 percent. This is a 214.29 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $76.299 million which beat the analyst consensus estimate of $76.276 million by 0.03 percent. This is a 4.47 percent decrease over sales of $79.870 million the same period last year.

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Recent Analyst Ratings for
$AMPY

Date	Price Target	Rating	Analyst
5/2/2024	$11.00	Buy	The Benchmark Company
1/22/2024	$9.00	Buy	Alliance Global Partners
10/28/2022	$12.00	Neutral → Buy	ROTH Capital
10/4/2021		Buy → Neutral	ROTH Capital
7/6/2021	$4.40 → $6.20	Buy	Roth Capital

More analyst ratings

Amplify Energy Announces Third Quarter 2024 Results, Beta Drilling Results and Issuance of Sustainability Report
HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE:AMPY) ("Amplify," the "Company," "us," or "our") announced today its operating and financial results for the third quarter of 2024. Key Highlights During the third quarter of 2024, the Company: Achieved average total production of 19.0 MBoepdGenerated net cash provided by operating activities of $15.7 million and net income of $22.7 millionDelivered Adjusted EBITDA of $25.5 millionGenerated $3.6 million of free cash flow Drilled and completed the C59 development well at Beta, achieving an IP30 oil rate of approximately 590 Bopd (gross), which exceeded Company projectionsIn the process of completing the C48 developm
11/6/24 4:05:00 PM ET
$AMPY
Oil & Gas Production
Energy
Amplify Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced today that it will report third quarter 2024 financial and operating results after the U.S. financial markets close on November 6, 2024. Management will host a conference call at 10:00 a.m. CT on November 7, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (877) 550-1707 (Conference ID: AEC3Q24) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 10171254) for a fourteen-day period following the call. About Amplify Energy Ampli
10/23/24 4:05:00 PM ET
$AMPY
Oil & Gas Production
Energy
Amplify Energy Announces Second Quarter 2024 Results, Beta Drilling Results and Updated Guidance
HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE:AMPY) ("Amplify," the "Company," "us," or "our") announced today its operating and financial results for the second quarter of 2024. Key Highlights During the second quarter of 2024, the Company: Achieved average total production of 20.3 MBoepdGenerated net cash provided by operating activities of $15.4 million and net income of $7.1 millionDelivered Adjusted EBITDA of $30.7 millionGenerated $9.2 million of free cash flow Drilled and completed the A50 development well at Beta. The A50 well, which came on-line in early June, achieved a peak IP30 oil rate of approximately 730 Bopd (gross) and exceeded Company projections
8/7/24 4:05:00 PM ET
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Leadership Updates

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Amplify Energy Announces Board Changes
HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) is pleased to announce the appointment of Vidisha Prasad to the Amplify Board of Directors ("Board"). Ms. Prasad joins the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board's existing credentials and qualifications. Ms. Prasad will serve as a member of the Audit Committee. Ms. Prasad brings more than two decades of experience in energy investments, strategic and board advisory, corporate mergers, asset acquisitions and divestitures, capital markets and restructuring. Ms. Prasad is currently
10/5/23 4:30:00 PM ET
$AMPY
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Amplify Energy Announces Appointment of Chief Financial Officer
HOUSTON, April 17, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) today announced that James ("Jim") Frew has joined the Company as Senior Vice President and Chief Financial Officer. Martyn Willsher, President and Chief Executive Officer, commented, "I have known and respected Jim as an industry leader for a number of years, and I am excited to welcome him to the Amplify team. Jim's extensive oil and gas experience and depth of financial expertise will be a great asset to our organization and will enable us to deliver additional value to our shareholders." Prior to joining Amplify, Mr. Frew was a partner at Sentinel Petroleum from March 2022 to Apr
4/17/23 8:32:53 AM ET
$AMPY
Oil & Gas Production
Energy
Amplify Energy Announces Appointment of Chief Operating Officer
HOUSTON, March 20, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) today announced that Dan Furbee has joined the Company as Senior Vice President and Chief Operating Officer. "I am excited to announce that Dan has decided to join Amplify. Dan will be a valuable addition to the management team and brings extensive operational and managerial experience to the Company that will help maximize the value of our cash flow generating properties," said Martyn Willsher, President and Chief Executive Officer. Prior to joining Amplify, Mr. Furbee served as a partner at Sentinel Petroleum from February 2022 to March 2023 and as an independent advisor for variou
3/20/23 7:00:00 AM ET
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Amplify Energy Announces Third Quarter 2024 Results, Beta Drilling Results and Issuance of Sustainability Report
HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE:AMPY) ("Amplify," the "Company," "us," or "our") announced today its operating and financial results for the third quarter of 2024. Key Highlights During the third quarter of 2024, the Company: Achieved average total production of 19.0 MBoepdGenerated net cash provided by operating activities of $15.7 million and net income of $22.7 millionDelivered Adjusted EBITDA of $25.5 millionGenerated $3.6 million of free cash flow Drilled and completed the C59 development well at Beta, achieving an IP30 oil rate of approximately 590 Bopd (gross), which exceeded Company projectionsIn the process of completing the C48 developm
11/6/24 4:05:00 PM ET
$AMPY
Oil & Gas Production
Energy
Amplify Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
HOUSTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced today that it will report third quarter 2024 financial and operating results after the U.S. financial markets close on November 6, 2024. Management will host a conference call at 10:00 a.m. CT on November 7, 2024 to discuss the Company's results. Interested parties are invited to participate in the conference call by dialing (877) 550-1707 (Conference ID: AEC3Q24) at least 15 minutes prior to the start of the call. A replay of the call will be available by phone at (800) 654-1563 (Access Code: 10171254) for a fourteen-day period following the call. About Amplify Energy Ampli
10/23/24 4:05:00 PM ET
$AMPY
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Amplify Energy to Participate in the 2024 Citadel Securities Energy Investor Days
HOUSTON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify" or the "Company") (NYSE:AMPY) announced today that the Company will be participating in the Citadel Securities Energy Investor Days in New York City, NY on October 1st, 2024. Amplify's management will be participating in one-on-one meetings with investors on Tuesday, October 1st. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisi
9/13/24 11:21:55 AM ET
$AMPY
Oil & Gas Production
Energy

Amplify Energy Q1 2024 GAAP EPS $(0.24) Misses $0.24 Estimate, Sales $76.299M Beat $76.276M Estimate

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Recent Analyst Ratings for $AMPY

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The Benchmark Company initiated coverage on Amplify Energy with a new price target

Alliance Global Partners initiated coverage on Amplify Energy with a new price target

Amplify Energy upgraded by ROTH Capital with a new price target

$AMPY Insider Purchases

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Frew James bought $60,499 worth of shares (10,000 units at $6.05) (SEC Form 4)

Furbee Daniel bought $60,963 worth of shares (10,000 units at $6.10) (SEC Form 4)

SEC Form 4: Adams Deborah G bought $69,451 worth of shares (10,000 units at $6.95), increasing direct ownership by 44% to 32,884 units

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Amplify Energy Announces Third Quarter 2024 Results, Beta Drilling Results and Issuance of Sustainability Report

Amplify Energy Schedules Third Quarter 2024 Earnings Release and Conference Call

Amplify Energy Announces Second Quarter 2024 Results, Beta Drilling Results and Updated Guidance

VICE PRESIDENT & CAO Dulany Eric Edward sold $42,197 worth of shares (6,000 units at $7.03), decreasing direct ownership by 22% to 20,797 units (SEC Form 4)

Director Douglas Patrice D converted options into 19,077 shares, increasing direct ownership by 46% to 60,295 units (SEC Form 4)

VICE PRESIDENT & CAO Dulany Eric Edward converted options into 9,706 shares and covered exercise/tax liability with 3,820 shares, increasing direct ownership by 28% to 26,797 units (SEC Form 4)

SEC Form 10-Q filed by Amplify Energy Corp.

Amplify Energy Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Amplify Energy Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

SEC Form SC 13G filed by Amplify Energy Corp.

Amendment: SEC Form SC 13G/A filed by Amplify Energy Corp.

Amendment: SEC Form SC 13G/A filed by Amplify Energy Corp.