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Dec 31, 2024
Amplify Energy Q4 2024 Earnings Report
Amplify Energy reported a net loss in Q4 2024 due to lower realized oil prices and increased operating expenses.
Key Takeaways
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.
Total revenue was $69.0 million, slightly lower than the previous quarter.
Net loss of $7.4 million due to unrealized derivative losses.
Adjusted EBITDA of $21.8 million, down from $25.5 million in Q3 2024.
Free cash flow of $2.9 million, marking 18 of the last 19 quarters with positive FCF.
Amplify Energy
Amplify Energy
Amplify Energy Revenue by Segment
Revenue by Segment
Crude Oil Sales Revenue
CapyFin.comNGL Sales Revenue
CapyFin.comNatural Gas Sales Revenue
CapyFin.com Forward Guidance
Amplify Energy expects stable production levels in 2025, with focus on Beta development and further cost reductions.
Positive Outlook
- Projected net average daily production of 19,000 to 21,000 Boe/d.
- Continued development at Beta with six well completions planned.
- Focus on lease operating cost reductions to improve margins.
- Potential monetization opportunities in East Texas Haynesville.
- Steady cash flow generation expected with disciplined capital spending.
Challenges Ahead
- Oil price volatility remains a key risk to revenue stability.
- Higher lease operating expenses projected in 2025.
- Potential additional well failures at Beta could impact production.
- Regulatory uncertainties could delay planned developments.
- Interest expense could rise with debt refinancing initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income