Recent Insider Transactions • Jun 29
President & CFO recently bought €87k worth of stock On the 23rd of June, James Frew bought around 25k shares on-market at roughly €3.47 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of €316k worth in shares. Annuncio • May 13
Amplify Energy Corp. Reaffirms Production Guidance for the Year 2026 Amplify Energy Corp. reaffirmed production guidance for the year 2026. For the year, the company expects net average oil daily production to be in the range of 6.7 MBbls/d to 7.9 MBbls/d. Annuncio • Apr 25
Amplify Energy Corp., Annual General Meeting, Jun 03, 2026 Amplify Energy Corp., Annual General Meeting, Jun 03, 2026. Annuncio • Mar 10
Amplify Energy Corp. Provides Production Guidance for the Full Year 2026 Amplify Energy Corp. provided production guidance for the full year 2026. For the year, the company expects Net Average Daily Production of oil to be in the range of 6.7 (MBbls/d) - 7.9 (MBbls/d). Annuncio • Feb 27
Amplify Energy Corp. to Report Q4, 2025 Results on Mar 05, 2026 Amplify Energy Corp. announced that they will report Q4, 2025 results After-Market on Mar 05, 2026 Annuncio • Nov 17
Amplify Energy Corp. Announces Executive Changes, Effective November 14, 2025 On November 14, 2025, Mr. Eric Dulany and Amplify Energy Corp. mutually agreed Mr. Dulany’s tenure as Vice President and Chief Accounting Officer would end, effective immediately. Mr. Dulany’s departure did not result from any disagreement with the Company, the Company’s management or the Company’s board of directors (the “Board”). On November 14, 2025, the Board appointed Natasha France, age 41, to serve as Vice President and Chief Accounting Officer of the Company, effective immediately. Prior to her appointment as Vice President and Chief Accounting Officer of the Company, Ms. France served as Assistant Controller at the Company since May 2022. In Ms. France’s eight years with Amplify, she has also served in the roles of Financial Reporting Manager from December 2017 through May 2022 and Lead Financial Reporting Specialist from May 2017 through December 2017. She began her career in public accounting with KPMG LLP. Ms. France holds a Bachelor of Business Administration degree in Accounting and Business Administration from Bloomsburg University of Pennsylvania. She is a Certified Public Accountant in Pennsylvania and a member of the Texas Society of CPAs. Annuncio • Jul 30
Amplify Energy Corp. to Report Q2, 2025 Results on Aug 06, 2025 Amplify Energy Corp. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Annuncio • May 26
Amplify Energy Corp., Annual General Meeting, Jun 13, 2025 Amplify Energy Corp., Annual General Meeting, Jun 13, 2025. Annuncio • May 13
Amplify Energy Corp. Updates Production Guidance for the Full Year 2025 Amplify Energy Corp. updated production guidance for the full year 2025. For the year, the company expects total net average daily production to be in the range of 19.0 MBoe/d to 20.5 MBoe/d against previous guidance of 19.0 MBoe/d to 21.0 MBoe/d. Annuncio • Apr 29
Amplify Energy Corp. to Report Q1, 2025 Results on May 12, 2025 Amplify Energy Corp. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Annuncio • Mar 06
Amplify Energy Corp. Provides Production Guidance for the Full Year 2025 Amplify Energy Corp. provided production guidance for the full year 2025. For the year, the company expects total net average daily production to be in the range of 19.0 MBoe/d to 21.0 MBoe/d. Annuncio • Feb 20
Amplify Energy Corp. to Report Q4, 2024 Results on Mar 05, 2025 Amplify Energy Corp. announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Annuncio • Jan 16
Amplify Energy Corp. (NYSE:AMPY) agreed to acquire North Peak Oil & Gas, LLC and Century Oil & Gas Corp. from Juniper Capital Advisors, L.P. for approximately $310 million. Amplify Energy Corp. (NYSE:AMPY) agreed to acquire North Peak Oil & Gas, LLC and Century Oil & Gas Corp. from Juniper Capital Advisors, L.P. for approximately $310 million on January 14, 2025. Under the terms of the merger agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock and assume approximately $133 million in net debt. Following the Closing, Amplify's existing stockholders and Juniper Capital Advisors are expected to own approximately 61% and 39%, respectively, of the combined company's outstanding equity. In case of termination of the transaction under certain circumstances, Amplify will be required to pay termination fee of $8,500,000. In case of termination of the transaction under certain circumstances, North Peak Oil & Gas, LLC and Century Oil & Gas Corp. will be required to pay termination fee of $5,500,000. Upon the closing of the Mergers, the Board will consist of the following seven members: Martyn Willsher (Amplify’s chief executive officer), Christopher W. Hamm, Deborah G. Adams, James E. Craddock, Vidisha Prasad, Edward Geiser and Josh Schmidt. Patrice Douglas and Todd R. Snyder will resign as director of Amplify. Amplify’s management team will lead the combined company and will supplement the operational team with key hires to support the Rockies assets.
The transaction is subject to the receipt of approval of the Amplify Stock Issuance by its shareholders, the approval for listing by the New York Stock Exchange for the shares of Common Stock to be issued in connection with the Mergers and regulatory approvals. The deal has been unanimously approved by the board of Amplify. The transaction is expected to close in the second quarter of 2025. Doug Bacon, Kim Hicks, and Jack Shirley of Kirkland & Ellis LLP acted as legal advisor to Amplify. Houlihan Lokey Capital, Inc. served as Amplify’s financial advisor and fairness opinion provider for this transaction. Gerry Spedale, Michael Piazza and Jesse Myers of Gibson, Dunn & Crutcher LLP acted as legal advisor to Juniper. Wells Fargo Securities, LLC served as Juniper’s financial advisor. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (20% net profit margin). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.57 (vs US$0.34 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.57 (up from US$0.34 loss in 3Q 2023). Revenue: US$69.9m (down 9.0% from 3Q 2023). Net income: US$22.7m (up US$36.1m from 3Q 2023). Profit margin: 32% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 24
Amplify Energy Corp. to Report Q3, 2024 Results on Nov 06, 2024 Amplify Energy Corp. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.26 in 2Q 2023) Second quarter 2024 results: EPS: US$0.17 (down from US$0.26 in 2Q 2023). Revenue: US$79.5m (down 7.0% from 2Q 2023). Net income: US$6.77m (down 35% from 2Q 2023). Profit margin: 8.5% (down from 12% in 2Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 08
Amplify Energy Corp. Updates Production Guidance for the Full Year 2024 Amplify Energy Corp. updated production guidance for the full year 2024. For the year, the company now expects Total Net Average Daily Production to be in the range of 19.0 MBoe/d to 21.0 MBoe/d against previous forecast of 19.0 MBoe/d to 21.0 MBoe/d. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.37 per share. Annuncio • Jul 25
Amplify Energy Corp. to Report Q2, 2024 Results on Aug 07, 2024 Amplify Energy Corp. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: US$0.24 loss per share (vs US$8.69 profit in 1Q 2023) First quarter 2024 results: US$0.24 loss per share (down from US$8.69 profit in 1Q 2023). Revenue: US$76.3m (up 15% from 1Q 2023). Net loss: US$9.40m (down 103% from profit in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 26
Amplify Energy Corp. to Report Q1, 2024 Results on May 08, 2024 Amplify Energy Corp. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Annuncio • Apr 06
Amplify Energy Corp., Annual General Meeting, May 15, 2024 Amplify Energy Corp., Annual General Meeting, May 15, 2024, at 09:00 Central Daylight. Agenda: To consider and elect seven directors to board of directors to hold office until 2025 annual meeting of stockholders or until their respective successors are duly elected and qualified; To ratify the appointment, by the Audit Committee of board of directors, of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; To approve, on a non-binding advisory basis, the compensation of named executive officers; To approve the Amplify Energy Corp. 2024 Equity Incentive Plan; and to discuss other matters. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$9.63 (vs US$1.44 in FY 2022) Full year 2023 results: EPS: US$9.63 (up from US$1.44 in FY 2022). Revenue: US$307.6m (down 25% from FY 2022). Net income: US$375.2m (up US$320.0m from FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 07
Amplify Energy Corp. Provides Production Guidance Full-Year 2024 Amplify Energy Corp. provided production Guidance Full-Year 2024. For the year, company expects Net Average Daily Production to be 19.0 MBoe/d - 21.0 MBoe/d. Annuncio • Feb 23
Amplify Energy Corp. to Report Q4, 2023 Results on Mar 06, 2024 Amplify Energy Corp. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024 Recent Insider Transactions • Nov 09
Senior VP & COO recently bought €57k worth of stock On the 7th of November, Daniel Furbee bought around 10k shares on-market at roughly €5.70 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth €65k. This was Daniel's only on-market trade for the last 12 months. Reported Earnings • Nov 07
Third quarter 2023 earnings released: US$0.34 loss per share (vs US$1.17 profit in 3Q 2022) Third quarter 2023 results: US$0.34 loss per share (down from US$1.17 profit in 3Q 2022). Revenue: US$76.8m (down 39% from 3Q 2022). Net loss: US$13.4m (down 130% from profit in 3Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 114% per year, which means it is significantly lagging earnings growth. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Vidisha Prasad was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 24
Amplify Energy Corp. to Report Q3, 2023 Results on Nov 06, 2023 Amplify Energy Corp. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Annuncio • Oct 06
Amplify Energy Corp. Announces Board Changes Amplify Energy Corp. announced the appointment of Vidisha Prasad to the Amplify Board of Directors. 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 the Managing Partner of Adya Partners, a multi-strategy investment firm focused on private secondary investments and early-stage venture capital in the energy, energy transition and technology sectors. Prior to founding Adya Partners, Ms. Prasad was a founding member of Guggenheim Securities’ Energy Investment Banking practice and prior to that, Ms. Prasad held roles of increasing responsibility within Citi’s Global Energy Investment Banking Groups in Houston, London and New York. Ms. Prasad previously served on the Board of Centennial Resources (now Permian Resources) where she served on the Audit, Nominating, Governance and ESG Committees. She also serves on the Board of the Grammy award winning Houston Chamber Choir, where she chairs the Development Committee. Ms. Prasad received a B.A. in Economics from the University of Rochester. The Company has also announced that Randal T. Klein has decided not to seek reelection as a director at the Company’s 2024 Annual Meeting of Stockholders. Mr. Klein will continue to serve for the remainder of his term as a director until the 2024 Annual Meeting. Mr. Klein’s decision not to stand for reelection was not due to any disagreements with the Company or its Board or any matter relating to the Company’s financials, operations, policies or practices. Recent Insider Transactions • Sep 24
Independent Director recently bought €65k worth of stock On the 20th of September, Deborah Adams bought around 10k shares on-market at roughly €6.48 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €216k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.76 in 2Q 2022) Second quarter 2023 results: EPS: US$0.24 (down from US$0.76 in 2Q 2022). Revenue: US$72.0m (down 41% from 2Q 2022). Net income: US$9.82m (down 66% from 2Q 2022). Profit margin: 14% (down from 24% in 2Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 89% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 09
Amplify Energy Corp. Reaffirms Production Guidance for the Year 2023 Amplify Energy Corp. reaffirmed production guidance for the year 2023. The company anticipates overall production for the remainder of 2023 to remain flat or increase with incremental oil volumes at Beta as wells continue to be brought back online and returned to full production. Production at Bairoil is expected to decrease in the third quarter in connection with the scheduled maintenance turnaround, partially offset by continued workover projects and facility enhancing initiatives. New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 81% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 81% per year for the foreseeable future. High level of non-cash earnings (120% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€187k sold). Annuncio • Jul 28
Amplify Energy Corp. to Report Q2, 2023 Results on Aug 08, 2023 Amplify Energy Corp. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 New Risk • Jun 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €169k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (120% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (€169k sold). Recent Insider Transactions • Jun 14
President recently sold €169k worth of stock On the 12th of June, Martyn Willsher sold around 27k shares on-market at roughly €6.37 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Martyn's only on-market trade for the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$8.69 (vs US$1.27 loss in 1Q 2022) First quarter 2023 results: EPS: US$8.69 (up from US$1.27 loss in 1Q 2022). Revenue: US$66.4m (down 29% from 1Q 2022). Net income: US$336.4m (up US$385.0m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. Annuncio • May 05
Amplify Energy Corp. Provides Production Guidance for the Year 2023 Amplify Energy Corp. provided production guidance for the year 2023. For the year, the company expects net average daily production total is 20.0 MBoe/d to 22.0 MBoe/d. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 1,112% over the past three years. Recent Insider Transactions • Mar 16
Independent Chairman of the Board recently bought €262k worth of stock On the 15th of March, Christopher Hamm bought around 40k shares on-market at roughly €6.54 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of €385k worth in shares. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: US$1.51 (vs US$0.84 loss in FY 2021) Full year 2022 results: EPS: US$1.51 (up from US$0.84 loss in FY 2021). Revenue: US$458.5m (up 36% from FY 2021). Net income: US$57.9m (up US$89.9m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €9.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 319% over the past three years. Annuncio • Feb 10
Amplify Energy Corp. Announces Appointment of James Craddock to its Board of Directors Amplify Energy Corp. announced the appointment of James (“Jim”) E. Craddock to the Amplify Board of Directors (“Board”). Mr. Craddock 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. Mr. Craddock will also serve on the Nominating and Governance Committee of the Board. Mr. Craddock is a seasoned upstream executive and director who possesses broad-based technical and operational knowledge with over 30 years of experience. Mr. Craddock served as the Chairman and Chief Executive Officer of Rosetta Resources Inc., from 2013 to 2015 until its merger with Noble Energy Inc., following which Mr. Craddock served on Noble Energy Inc.’s board of directors from 2015 until Noble was acquired in 2020. Prior to that, Mr. Craddock was the Chief Operating Officer for BPI Industries Inc. and held several positions of increasing responsibility over a 20-year career at Burlington Resources Inc. He currently serves on the board of directors of Crescent Point Energy Corp. and previously served on the boards of Templar Energy LLC, Noble Energy Inc. and Bonanza Creek Energy Inc. and on the Texas Railroad Commission’s Eagle Ford Shale Task Force. Mr. Craddock holds a B.S. in Mechanical Engineering from Texas A&M University. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 19% share price gain to €8.23, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 59% over the past three years. Recent Insider Transactions • Dec 26
Independent Chairman of the Board recently bought €123k worth of stock On the 22nd of December, Christopher Hamm bought around 17k shares on-market at roughly €7.22 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 29% over the past three years. Annuncio • Dec 02
Amplify Energy Corp. Announces Retirement of Richard P. Smiley as Senior Vice President, Operations On November 29, 2022, Richard P. Smiley notified Amplify Energy Corp. of his intent to retire and resign from his current position as Senior Vice President, Operations. Mr. Smiley intends to remain in his role at the Company to assist with an orderly transition of his responsibilities. Mr. Smiley’s decision to retire stems solely from personal reasons and did not result from any disagreement with the Company or any matter relating to the Company’s operations, policies or practices. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €9.04, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 79% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.17 (vs US$0.35 loss in 3Q 2021) Third quarter 2022 results: EPS: US$1.17 (up from US$0.35 loss in 3Q 2021). Revenue: US$126.3m (up 30% from 3Q 2021). Net income: US$45.0m (up US$58.4m from 3Q 2021). Profit margin: 36% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is expected to fall by 17% p.a. on average during the next 2 years compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 03
Amplify Energy Corp. Provides Production Guidance for the Year 2022 Amplify Energy Corp. provided production guidance for the year 2022. For the year, the company expects total net average daily production to be in the range of 20.0 MBoe/d to 21.0 MBoe/d. Annuncio • Oct 20
Amplify Energy Corp. to Report Q3, 2022 Results on Nov 01, 2022 Amplify Energy Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2022 Annuncio • Oct 04
Amplify Energy Corp. Updates on San Pedro Bay Pipeline Permit Amplify Energy Corp. announced that it has received the Nationwide Permit 12 from the U.S. Army Corps of Engineers to proceed with repair plans that were reviewed and approved by federal pipeline safety regulators earlier this year. This is the next phase of the Company’s repair plan and includes removing the damaged segments of the pipeline from the ocean floor. By removing the damaged segments of the pipeline, regulators, the parties in the litigation and Amplify will be able to complete further analysis of the impact from the vessels dragging their anchors and striking the pipeline on January 25, 2021. Following the removal of the pipe segments, new segments will be installed in accordance with the approved repair plans. The Company estimates the work will take approximately three to four weeks to complete after the repair barge is deployed. After the pipeline is repaired, it will undergo a series of safety integrity tests as required by both federal pipeline safety regulations and the Oct. 5, 2021 PHMSA corrective action order. Thereafter, Amplify anticipates that PHMSA will review the pipeline restart plan. Once finalized, the Company will begin the process of bringing the Beta field back online, which is expected to occur in the first quarter of 2023. Amplify Energy is committed to safely operating in a way that ensures the protection of the environment and the surrounding communities – communities where many of Amplify’s employees live and raise their families. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.80, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 16x in the Oil and Gas industry in Germany. Total returns to shareholders of 23% over the past three years. Annuncio • Aug 27
Amplify Energy Corp. Reaches Agreement with U.S. Attorney’s Office to Resolve Matters Associated with Southern California Pipeline Incident Amplify Energy Corp. announced that it has reached an agreement with the United States government, subject to court review and approval, to resolve all federal criminal matters involving the Company and its subsidiaries stemming from the October 2021 Southern California Pipeline Incident. As part of the resolution with the United States, Amplify has agreed to plead guilty to one count of misdemeanor negligent discharge of oil in violation of the Clean Water Act. If approved by the Court, Amplify will pay a fine of approximately $7.1 million in installments over a period of three years, serve a term of four years’ probation and reimburse governmental agencies approximately $5.8 million for their response to this event. Amplify also has agreed to implement certain compliance measures including installation of a new leak detection system and increased Remote Operated Vehicle inspections of the pipeline. Annuncio • Aug 26
Amplify Energy Reaches Settlement Terms in Southern California Pipeline Civil Litigation Amplify Energy Corp. announced that it has reached an agreement in principle with plaintiffs in the class action to resolve all civil claims against Amplify and its subsidiaries. The settlement will be funded under the Company’s insurance policies, and the final agreement will be subject to court approval. Annuncio • Aug 05
Amplify Energy Corp. Updates Production Guidance for the Full Year 2022 Amplify Energy Corp. updated production guidance for the full year 2022. For the year, the company expects net average daily production of oil in the rage of 6.1 MBbls/d to 6.5 MBbls/d, NGL of 3.6 MBbls/d to 4.0 MBbls/d, natural gas of 62.0 MMcf/d to 66.0 MMcf/d and total of 20.0 MBoe/d to 21.5 MBoe/d. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.73 (vs US$0.92 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.73 (up from US$0.92 loss in 2Q 2021). Revenue: US$121.8m (up 52% from 2Q 2021). Net income: US$27.8m (up US$62.8m from 2Q 2021). Profit margin: 23% (up from net loss in 2Q 2021). Annuncio • Jul 28
Amplify Energy Corp. to Report Q2, 2022 Results on Aug 03, 2022 Amplify Energy Corp. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Reported Earnings • May 06
First quarter 2022 earnings released: US$1.27 loss per share (vs US$0.51 loss in 1Q 2021) First quarter 2022 results: US$1.27 loss per share (down from US$0.51 loss in 1Q 2021). Revenue: US$111.4m (up 54% from 1Q 2021). Net loss: US$48.6m (loss widened 152% from 1Q 2021). Annuncio • May 05
Amplify Energy Corp. Updates Production Guidance for the Year 2022 Amplify Energy Corp. updated production guidance for the year 2022. The company now expects total net average daily production to be 19.0 MBoe/d to 20.5 MBoe/d. Annuncio • May 02
Amplify Energy Corp., Annual General Meeting, Jun 16, 2022 Amplify Energy Corp., Annual General Meeting, Jun 16, 2022, at 09:00 Central Daylight. Agenda: To elect seven directors to board of directors to hold office until 2023 annual meeting of stockholders or until their respective successors are duly elected and qualified; to ratify the appointment, by the Audit Committee of board of directors, of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve, on a non-binding advisory basis, the compensation of named executive officers; and to transact such other business as may be properly presented at the Annual Meeting or any adjournment or postponement thereof. Annuncio • Apr 21
Amplify Energy Corp. to Report Q1, 2022 Results on May 04, 2022 Amplify Energy Corp. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Annuncio • Apr 08
Amplify Energy Announces Board and Committee Appointments Amplify Energy Corp. announced the appointment of Deborah G. Adams and Eric T. Greager to the Amplify Board of Directors. Ms. Adams and Mr. Greager join 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. Adams was most recently the Senior Vice President of Health, Safety, and Environmental (“HSE”), Projects and Procurement at Phillips 66. Mr. Greager is the former President, Chief Executive Officer, and Executive Director of Civitas Resources Inc., and was the Vice President and General Manager at Encana Oil and Gas. Ms. Adams will serve on the Nominating and Governance Committee and Mr. Greager will serve on the Compensation Committee. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.84 loss per share (up from US$12.34 loss in FY 2020). Revenue: US$336.2m (up 66% from FY 2020). Net loss: US$32.1m (loss narrowed 93% from FY 2020). Oil reserves and sales price Proven reserves: 45.001 MMbbls Average sales price/bbl: US$63.43 Gas reserves and sales price Proven reserves: 314.35 Bcf Average sales price/mcf: US$3.46 LNG reserves and sales price Proven reserves: 23.837 MMbbls Average sales price/bbl: US$28.62 Combined production and costs Oil equivalent production: 8.747 MMboe (10.19 MMboe in FY 2020) Average production cost/Boe: US$18.80 (US$15.04/Boe in FY 2020) Revenue exceeded analyst estimates by 28%. Annuncio • Feb 25
Amplify Energy Corp. to Report Q4, 2021 Results on Mar 09, 2022 Amplify Energy Corp. announced that they will report Q4, 2021 results After-Market on Mar 09, 2022 Board Change • Dec 31
High number of new directors Independent Director Patrice Douglas was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS US$1.08 (vs US$0.47 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and profit margins, although earnings were improved. Third quarter 2021 results: Revenue: -US$55.9m (down 206% from 3Q 2020). Net income: US$40.9m (up US$58.6m from 3Q 2020). Recent Insider Transactions • Aug 12
Senior Vice President of Operations recently sold €94k worth of stock On the 9th of August, Richard Smiley sold around 30k shares on-market at roughly €3.14 per share. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$0.92 loss per share (vs US$1.10 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$80.4m (up 129% from 2Q 2020). Net loss: US$35.0m (loss narrowed 15% from 2Q 2020). Annuncio • Jul 15
Amplify Energy Announces Regaining of Compliance with NYSE Continued Listing Standards and Full Forgiveness of PPP Loan Amplify Energy Corp. announced that on July 8, 2021, the Company received notice from the New York Stock Exchange (“NYSE”) that it had regained compliance with the continued listing standards set forth in Item 802.01B of the NYSE Listed Company Manual. As previously disclosed, on September 4, 2020, Amplify received notice from the NYSE that the Company was not in compliance with NYSE listing standard 802.01B because at such time the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its shareholders’ equity was less than $50 million. In addition, on June 22, 2021, the Company received full forgiveness from the U.S. Small Business Administration of its entire loan under the Paycheck Protection Program, established as part of the Coronavirus Aid, Relief, and Economic Security Act. The forgiveness of the loan extinguishes approximately $5.5 million of debt from the Company’s balance sheet. As of June 30, 2021, Amplify had net debt of approximately $216 million, with $235 million outstanding under the revolving credit facility and $19 million of cash on hand. Annuncio • Jul 14
Amplify Energy Corp. Announces Regaining of Compliance with NYSE Continued Listing Standards and Full Forgiveness of PPP Loan Amplify Energy Corp. (Amplify or the Company) announced that on July 8, 2021, the Company received notice from the New York Stock Exchange (“NYSE”) that it had regained compliance with the continued listing standards set in Item 802.01B of the NYSE Listed Company Manual. As previously disclosed, on September 4, 2020, Amplify received notice from the NYSE that the Company was not in compliance with NYSE listing standard 802.01B because at such time the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its shareholders’ equity was less than $50 million. In addition, on June 22, 2021, the Company received full forgiveness from the U.S. Small Business Administration of its entire loan under the Paycheck Protection Program, established as part of the Coronavirus Aid, Relief, and Economic Security Act. The forgiveness of the loan extinguishes approximately $5.5 million of debt from the Company’s balance sheet. As of June 30, 2021, Amplify had net debt of approximately $216 million, with $235 million outstanding under the revolving credit facility and $19 million of cash on hand. Reported Earnings • May 07
First quarter 2021 earnings released: US$0.51 loss per share (vs US$9.77 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$72.5m (up 25% from 1Q 2020). Net loss: US$19.3m (loss narrowed 95% from 1Q 2020). Executive Departure • Apr 10
VP & Chief Accounting Officer has left the company On the 9th of April, Denise DuBard's tenure as VP & Chief Accounting Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Denise's name. A total of 2 executives have left over the last 12 months. Recent Insider Transactions • Mar 17
Insider recently sold €51k worth of stock On the 15th of March, Anthony Lopez sold around 18k shares on-market at roughly €2.86 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €89k more than they bought in the last 12 months. Reported Earnings • Mar 14
Full year 2020 earnings released: US$12.34 loss per share (vs US$1.20 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$202.1m (down 27% from FY 2019). Net loss: US$464.0m (loss widened US$428.8m from FY 2019). Oil reserves and sales price Proven reserves: 46.675 MMbbls Average sales price/bbl: US$35.58 Gas reserves and sales price Proven reserves: 274.141 Bcf Average sales price/mcf: US$1.55 LNG reserves and sales price Proven reserves: 21.484 MMbbls Average sales price/bbl: US$11.63 Combined production and costs Oil equivalent production: 10.19 MMboe (9.256 MMboe in FY 2019) Average production cost/Boe: US$15.04 (US$17.41/Boe in FY 2019) Analyst Estimate Surprise Post Earnings • Mar 14
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 36% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Mar 06
New 90-day high: €2.92 The company is up 178% from its price of €1.05 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.35 per share. Annuncio • Feb 24
Amplify Energy Corp. to Report Q4, 2020 Results on Mar 11, 2021 Amplify Energy Corp. announced that they will report Q4, 2020 results Pre-Market on Mar 11, 2021 Annuncio • Feb 11
Amplify Energy Announces Appointment of Patrice Douglas to its Board of Directors Amplify Energy Corp. announced the appointment of Patrice Douglas to the Company’s Board of Directors (the 'Board'). Ms. Douglas will serve on the Audit Committee of the Board. Ms. Douglas is an attorney, who represents financial institutions, energy companies, municipalities, and utilities on legal, regulatory and compliance matters. Previously, Ms. Douglas served as Senior Vice President and then President of SpiritBank from 2004 to 2007 and Executive Vice President of First Fidelity Bank from 2007 to 2011. Ms. Douglas was elected as mayor of Edmond, Oklahoma in 2009 and served for two terms. Is New 90 Day High Low • Feb 05
New 90-day high: €1.90 The company is up 236% from its price of €0.56 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 59% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.27 per share. Annuncio • Jan 28
Amplify Energy Corp.(NYSE:AMPY) dropped from Russell 2000 Dynamic Index Amplify Energy Corp.(NYSE:AMPY) dropped from Russell 2000 Dynamic Index