Amplify Energy Corp (NYSE:AMPY)
$ 3.175 +0.24 (+8.36%) Market Cap: 128.07 Mil Enterprise Value: 250.81 Mil PE Ratio: 11.34 PB Ratio: 0.31 GF Score: 54/100

Q4 2024 Amplify Energy Corp Earnings Call Transcript

Mar 6, 2025 / 04:00 PM GMT
Release Date Price: $3.81 (-14.19%)

Key Points

Positve
  • Amplify Energy Corp (AMPY) announced a definitive merger agreement with Juniper Capital, expected to increase scale and operating margins.
  • The Juniper transaction is anticipated to provide substantial synergies, including overhead and tax benefits.
  • Recent transactions in East Texas generated $7.6 million in net proceeds while retaining an overriding royalty interest.
  • Successful completion of the multi-year electrification and emissions reduction project at Beta.
  • Amplify has generated positive free cash flow for 10 consecutive quarters, demonstrating strong cash-generating potential.
Negative
  • Fourth quarter production decreased by 0.5 MBOE per day due to gas volume interruptions in East Texas.
  • Net loss of $7.4 million in the fourth quarter, primarily due to a non-cash unrealized loss on commodity derivatives.
  • Unexpected downtime at Beta due to increased well failures, reducing production and increasing workover costs.
  • Lease operating expenses increased by $1.8 million in the fourth quarter due to unplanned workovers.
  • Volatility in oil prices could impact future capital expenditure plans and free cash flow management.


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E D I T E D V E R S I O N

AMPY.N - Amplify Energy Corp
Q4 2024 Amplify Energy Corp Earnings Call
Mar 06, 2025 / 04:00PM GMT

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Presentation
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Welcome to Amplify Energy's 4th quarter, 2024 investor conference call.

Amplify's operating and financial results were released yesterday after market close on March 5, 2025 and are available on Amplify's website at www.ammplifyenergy.com.

During this conference call, all participants will be in a listen-only mode.

Today's call is being recorded. A replay of the call will be accessible until March 20, 2025 by dialing 800-654-1563 and then entering access code 71,724,906.

A transcript and a recorded replay of the call will also be available on our website after the call.

I would now like to turn the conference over to Jim Frew, senior Vice President and Chief Financial Officer of Amplify
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