Amplify Energy Corp. Segments Disclosure
Note 16. Segment Reporting
The Company’s operations are all related to the exploration, development and production of oil and natural gas in the United States, from which the Company derives all of its revenues. The Company manages its business as a single reportable segment, as its operations are focused on assets with similar economic characteristics, production processes, types of purchasers, regulatory environment and customers which are consistent across the Company. Therefore, the Company aggregates its operating regions into one reportable segment.
The Chief Operating Decision Maker (“CODM”) is the Company’s Chief Executive Officer, who reviews the financial information on a consolidated basis. The CODM uses consolidated net income to assess financial performance, allocating capital and other resources. The CODM uses consolidated net income in the annual budgeting and monthly forecasting process. Additionally, our CODM is regularly provided information on lease operating expense, gathering, processing and transportation and taxes other than income. Other segment items primarily consists of DD&A, accretion expense, general and administrative expense, pipeline incident loss, loss (gain) on commodity derivative, interest expense and income tax expense (benefit). Our significant segment expenses and other segment items are derived from and can be found within the Consolidated Statement of Operations.
The following table provides financial information with respect to the Company’s single reportable segment for the years ended December 31, 2025 and 2024:
| For the Year Ended | ||||||
December 31, | |||||||
2025 | 2024 | ||||||
(In thousands) | |||||||
Revenue | $ | 263,361 | $ | 294,681 | |||
Less: | |||||||
Lease operating expense | 141,324 | 142,950 | |||||
Gathering, processing and transportation |
| 17,795 |
| 18,427 | |||
Taxes other than income |
| 15,870 |
| 20,895 | |||
Other segment items | 44,404 | 99,463 | |||||
Net income (loss) | $ | 43,968 | $ | 12,946 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.