Amplify Energy Corp.

Listed Company

AMPYCIK 0001533924NYSEAcceleratedSmaller ReportingCrude Petroleum & Natural GasFY ends Dec 31

Period

FY 2025

Revenue

$263.36M

Net Income

$43.97M

Total Assets

$600.90M

Equity

$458.72M

Shares Out

41.27M

Op. Cash Flow

$49.20M

Business

Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The company produces and markets crude oil, natural gas and natural gas liquids and holds operated and non‑operated working interests, plus related midstream activities such as ownership and operation of an offshore crude oil pipeline. Management reports one reportable business segment conducted through OLLC and its subsidiaries, with operations organized around operated and non‑operated assets. Its producing properties and sales are concentrated in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana and Eagle Ford, with sales to refiners and other oil and gas purchasers under customary marketing agreements.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	263	295	308	458	343
Lease operating expense	141	143	138	132	121
Gathering, processing and transportation	18	18	21	29	21
Taxes other than income	16	21	23	33	22
Depreciation, depletion and amortization	32	33	28	24	28
Impairment expense	43	0	—	—	—
General and administrative expense	52	36	33	30	25
Accretion of asset retirement obligations	9	8	8	7	7
Loss (gain) on commodity derivative instruments	−28	2	−40	107	142
Pipeline incident loss	2	4	20	11	2
(Gain) loss on sale of properties	−100	−1	—	—	—
Other, net	1	531,000	1	965,000	68,000
Total costs and expenses	186	264	231	386	369
Operating income (loss)	77	30	76	72	−26
Interest expense, net	−16	−15	−18	−14	−12
Other income (expense)	−524,000	−447,000	399,000	98,000	128,000
Total other income (expense)	−16	−15	68	−14	−6
Income (loss) before income taxes	61	15	144	58	—
Income tax (expense) benefit - current	1	−232,000	−5	−111,000	—
Income tax (expense) benefit - deferred	−18	−2	254	—	—
Net income (loss)	44	13	393	58	−32
Net income (loss) available to common stockholders, Basic	42	12	375	55	—
Net income (loss) available to common stockholders, Diluted	42	12	—	—	—
Net income (loss) allocated to participating securities	2	622,000	18	3	0
Basic earnings (loss) per share (in $ per share)	1.03	0.31	9.63	1.44	−0.84
Diluted earnings (loss) per share (in $ per share)	1.03	0.31	9.63	1.44	−0.84
Basic (in shares)	40	40	39	38	38
Diluted (in shares)	40	40	39	38	38

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	61	—	21	0	19
Accounts receivable, net (see Note 14)	30	40	39	80	92
Short-term derivative instruments	15	6	18	0	—
Prepaid expenses and other current assets	24	26	21	19	15
Total current assets	131	72	98	99	126
Oil and natural gas properties, successful efforts method	389	943	873	840	800
Support equipment and facilities	155	151	149	147	145
Other	10	11	10	10	10
Accumulated depreciation, depletion and amortization	−365	−719	−686	−658	−634
Property and equipment, net	189	386	347	339	320
Long-term derivative instruments	3	233,000	9	0	0
Restricted investments	40	30	20	11	5
Operating lease - long term right-of-use asset	3	5	6	7	3
Deferred tax asset	233	252	254	—	—
Other long-term assets	1	3	4	2	2
Total assets	601	747	738	459	455
Accounts payable	18	13	24	38	34
Revenues payable	6	11	22	22	20
Accrued liabilities (see Note 14)	35	43	51	58	58
Total current liabilities	58	68	96	140	165
Long-term debt (see Note 9)	0	127	115	190	230
Asset retirement obligations	72	130	122	115	102
Operating lease liability	3	4	5	7	2
Other long-term liabilities	9	10	8	13	11
Total liabilities	142	338	347	464	520
Commitments and contingencies (see Note 17)	—	—	—	—	—
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024	—	—	—	0	0
Common stock, $0.01 par value: 250,000,000 shares authorized; 40,719,957 and 39,795,138 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	407,000	399,000	393,000	386,000	382,000
Additional paid-in capital	446	440	435	432	425
Accumulated deficit	13	−31	−44	−437	−495
Total stockholders' equity (deficit)	459	409	391	−5	−65
Total liabilities and equity	601	747	738	459	455

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	44	13	393	58	−32
Loss (gain) on derivative instruments	−28	2	−40	106	142
Cash settlements (paid) received on expired derivative instruments	17	18	−8	−148	−90
Cash settlements received (paid) on terminated derivative instruments	−93,000	793,000	—	—	—
(Gain) loss on sale of properties	−100	—	—	—	—
Share-based compensation (see Note 12)	8	7	5	3	1
Settlement of asset retirement obligations	−1	−1	−1	−923,000	−296,000
Amortization and write-off of deferred financing costs	3	1	2	649,000	626,000
Bad debt expense	1	80,000	98,000	1,000	95,000
Accounts receivable	8	−697,000	41	3	−61
Prepaid expenses and other assets	758,000	−8	−482,000	−4	296,000
Payables and accrued liabilities	−6	−24	−32	14	74
Other	205,000	—	—	—	—
Net cash provided by operating activities	49	51	142	64	63
Additions to oil and gas properties	−84	−72	−31	−35	−29
Additions to other property and equipment	−976,000	−1	−711,000	—	—
Additions to restricted investments	−10	−10	−9	−7	1,000
Proceeds from the sale of other oil and natural gas properties	37	1	—	—	—
Net cash provide by (used in) investing activities	141	−82	−39	−42	−29
Advances on Revolving Credit Facility	126	117	125	5	0
Payments on Revolving Credit Facility	−253	−105	−200	−45	−25
Deferred financing costs	−382,000	−136,000	−5	−1	−25,000
Shares withheld for taxes	−2	−2	−2	−563,000	−81,000
Net cash provide by (used in) financing activities	−130	10	−82	−42	−25
Net change in cash and cash equivalents	61	−21	21	−19	8

Filings

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