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Jun 30, 2024
Amplify Energy Q2 2024 Earnings Report
Amplify Energy's financial performance was highlighted by net income of $7.1 million and adjusted EBITDA of $30.7 million, driven by strong operational results at Beta and strategic initiatives.
Key Takeaways
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.
Achieved average total production of 20.3 MBoepd.
Generated net income of $7.1 million.
Delivered Adjusted EBITDA of $30.7 million.
Generated $9.2 million of free cash flow.
Amplify Energy
Amplify Energy
Forward Guidance
Amplify Energy updated its 2024 guidance based on better than expected results in the first half of the year and the decision to participate in non-operated drilling opportunities.