Amplify Energy Earnings Reports

Amplify Energy posted Q4 2024 revenue of $69.0 million, a slight decline from the prior quarter. The company reported a net loss of $7.4 million, primarily due to a non-cash unrealized loss on commodity derivatives. Adjusted net income was $5.1 million, while Adjusted EBITDA stood at $21.8 million. The company generated free cash flow of $2.9 million and continued its Beta development program.

Amplify Energy Corp. reported a net income of $22.7 million and Adjusted EBITDA of $25.5 million for Q3 2024. The company focused on its Beta field development program, with the C59 well exceeding production expectations. While evaluating monetization of Wyoming assets, Amplify decided to retain them, prioritizing shareholder value in the current commodity price environment.

Amplify Energy Corp. reported strong second-quarter results, marked by a net income of $7.1 million and adjusted EBITDA of $30.7 million. The company benefited from the successful drilling of the A50 well at Beta and is evaluating options for its Wyoming assets.