Amplify Energy Corp.
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Range $6.5 – $6.5
Price Chart
About the company
Amplify Energy Corp. is a U. S.
- CEO
- Daniel Furbee
- IPO
- 2012
- Employees
- 184
- HQ
- Houston, TX, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $202.93M
- P/E
- 9.83
- Fwd P/E
- 4.59
- PEG
- -0.02
- P/S
- 0.95
- P/B
- 0.46
- EV/EBITDA
- 2.56
- Div Yield
- 0.00%
- Gross Margin
- 53.12%
- Op Margin
- -6.00%
- Net Margin
- 10.29%
- ROE
- 5.13%
- ROIC
- -1.64%
Latest fiscal year · YoY change
- Revenue
- $263.36M-10.6%
- Gross Profit
- $71.76M-74.0%
- Op Income
- $-5,029,000
- Net Income
- $43.97M+239.6%
- EPS
- $1.03+232.3%
- OCF Growth
- -4.1%
- FCF Growth
- -72.5%
- 52W High
- $6.79
- 52W Low
- $3.65
- 50D MA
- $4.12
- 200D MA
- $5.05
- Beta
- -0.18
- RSI (14)
- 69
- Avg Volume
- 850.81K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Amplify posted a solid Q1 on cash flow and Beta well performance, but lowered 2025 activity and spending plans to preserve free cash flow amid weaker oil prices.· May 13, 2025
- Q1 adjusted EBITDA was $19.4 million and operating cash flow was $25.5 million on production of 17,900 BOE/d.
- Beta continued to outperform, with the new C54 well averaging about 800 bbl/d in its first 20 days and three D-Sand wells now projecting IRRs above 90% at $60 oil.
- Management deferred three 2025 Beta development projects, cutting about $50 million of planned capital and reducing full-year capital guidance to $55 million-$70 million.
- Full-year production guidance was lowered slightly to 19,000-20,500 BOE/d, reflecting the smaller capital program and timing shifts.
- The company continued monetizing Haynesville acreage, adding $1.5 million in May and bringing total net proceeds from three transactions since November 2024 to $9.2 million.
For Q1 2025, Amplify reported a net loss of about $5.9 million versus a $7.4 million net loss in Q4. Excluding one-time items and the non-cash unrealized commodity derivative loss, adjusted net income was $3.8 million. Adjusted EBITDA was $19.4 million, down about $2.4 million sequentially, and operating cash flow was $25.5 million. Production averaged approximately 17.9 MBoe/d, down 0.6 MBoe/d from the prior quarter, with a mix of 46% oil, 16% NGL and 38% natural gas. Lease operating expenses were about $37.4 million, or $23.28/BOE; production taxes were $4.4 million; GPT costs were $4.3 million, or $2.67/BOE; and cash G&A was $7.3 million. Capex was $23.1 million, and free cash flow was negative $7.2 million. As of March 31, debt outstanding under the revolver was $125 million, liquidity was $20 million, and net debt to last-twelve-months adjusted EBITDA was 1.3x. Full-year 2025 production guidance was reduced to 19,000-20,500 BOE/d, 2025 capital guidance was cut to $55 million-$70 million, and management said it expects midyear/second-half improvements from East Texas, Eagle Ford and Beta wells already scheduled to come online.
Martyn Willsher emphasized that Beta remains the core value driver and pointed to the C54 well as further proof that the field’s D-Sand completions are outperforming type curves. He said the company is temporarily deferring some Beta projects because of oil price uncertainty, but the long-term development strategy is intact and wells can be added back as market conditions improve. His tone was constructive and cautious: protect free cash flow and the balance sheet now, while keeping flexibility to accelerate Beta later.
Jim Frew framed the quarter as consistent with expectations despite lower commodity prices and some one-time operational headwinds. He highlighted $19.4 million of adjusted EBITDA, $25.5 million of operating cash flow, $23.1 million of capex, negative $7.2 million of free cash flow, $125 million of revolver debt, $20 million of liquidity, and 1.3x net debt-to-EBITDA. He also detailed the hedge book: oil swaps for 1H26 at $62.55/bbl and 1H27 at $61.93/bbl, gas swaps for 2026 at $4.12/MMBtu, and gas collars for 2026 and 2027.
The main analyst questions focused on debt reduction targets, what oil price would justify resuming more Beta development, and whether portfolio optimization means more Haynesville monetizations or broader asset sales. Management said its goal is to generate positive free cash flow and continue paying down debt, with a long-term leverage target of 0.5x to 1.0x. On Beta, management said the decision depends on both commodity prices and liquidity, and that they are looking at all portfolio options outside Beta that could create liquidity and be redeployed into higher-return Beta projects.
The bull case from this call is that Beta is performing better than expected, with C54 and the existing D-Sand wells showing very strong economics and operational execution. Management also has a meaningful hedge book and can flex spending lower to protect cash flow, while still preserving the option to add Beta activity back later.
The main risks are weaker oil prices, which prompted a $50 million reduction in planned Beta capital and a lower 2025 production outlook, and the fact that Q1 free cash flow was negative. The company also cited higher LOE, gas imbalance/weather issues in the quarter, and continued liquidity/debt management as reasons to stay cautious.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 74.7%
- Shares Outstanding
- 41.29M
- Float Shares
- 30.84M
of shares held by institutions
133 13F filers
Buy/sell ratio 2.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 2.46M | ▲ 1.89M |
| Vanguard Group Inc | 1.85M | ▼ 326.71K |
| Vanguard Capital Management LLC | 1.66M | ▲ 22.98K |
| Dimensional Fund Advisors LP | 1.59M | ▼ 37.81K |
| American Century Companies Inc | 1.38M | ▼ 60.96K |
| Acadian Asset Management LLC | 1.28M | ▼ 96.23K |
| Geode Capital Management, LLC | 908.29K | ▲ 492.87K |
| Csm Advisors, LLC | 738.62K | ▼ 11.30K |
| D. E. Shaw & Co., Inc. | 660.67K | ▲ 338.64K |
| Caption Management, LLC | 571.68K | ▼ 301.91K |
| Bridgeway Capital Management, LLC | 531.66K | ▲ 104.18K |
| Qube Research & Technologies Ltd | 523.57K | ▲ 283.21K |
Held by 89 ETFs
Biggest fund positions in AMPY by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 6, 26 | PERGA CAPITAL PARTNERS, LP | sell | 500 |
| Jun 26, 26 | PERGA CAPITAL PARTNERS, LP | other | 0 |
| Jun 26, 26 | PERGA CAPITAL PARTNERS, LP | other | 0 |
| Jun 26, 26 | PERGA CAPITAL PARTNERS, LP | other | 100,000 |
| Jul 1, 26 | COGHILL CLINT D | other | 41,922 |
| Jul 1, 26 | COGHILL CLINT D | other | 31,365 |
| Jul 1, 26 | COGHILL CLINT D | other | 41,922 |
| Jul 1, 26 | Hamm Christopher W. | other | 51,043 |
| Jul 1, 26 | Hamm Christopher W. | other | 43,911 |
| Jul 1, 26 | Hamm Christopher W. | other | 51,043 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our AMPY coverage
Recent articles, reports, and earnings notes.
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Generate AMPY report →Amplify Energy Simplifies Portfolio, Goes Debt-Free to Fuel Beta and Bairoil Growth
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gurufocus.com · Jul 31
Amplify Energy to Participate in the 2026 EnerCom Denver – The Energy Investment Conference
globenewswire.com · Jul 29
EnerCom Announces Premier Networking Events for the 31st Annual Energy Investment Conference, Including Monday Charity Golf Tournament, Monday VIP Welcome Mixer, and Tuesday Casino Night
gurufocus.com · May 21
Amplify Energy Announces First Quarter 2026 Results and Announces Beta Field Royalty Relief
globenewswire.com · May 11
Amplify Energy (NYSE:AMPY) and Range Resources (NYSE:RRC) Financial Review
defenseworld.net · Mar 26
Insider Selling: Amplify Energy (NYSE:AMPY) Director Sells $3,218,211.18 in Stock
defenseworld.net · Mar 20
Amplify Energy Is An Iran War Oil Trade
seekingalpha.com · Mar 10
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