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Amplify Energy Corp. (AMPY)
NYSE:AMPY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
-0.24Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -34.46%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant strategic initiatives, including a key acquisition and successful transactions, along with strong financial performance and growth in services. However, challenges like production decline, increased operating expenses, and a net loss in the fourth quarter were also noted.Company Guidance
During the Amplify Energy Fourth Quarter 2024 Investor Conference Call, the company provided comprehensive guidance on its future strategic initiatives and financial expectations. Amplify announced a merger with Juniper Capital's portfolio companies, projecting significant synergies, including an expected G&A increase of only $1 million versus $7-8 million for Juniper's existing companies. The merger anticipates a PV-10 value of $614 million for total proved reserves. The company also highlighted its 2025 production guidance range of 19,000 to 21,000 barrels of oil equivalent per day, with expected lease operating expenses at a midpoint of $143 million, flat compared to 2024. Amplify plans a capital expenditure of $70-80 million, focusing heavily on Beta's development with $30 million allocated. The company expects a 7% increase in oil production, primarily from Beta, and aims for significant free cash flow growth. Hedge positions cover 70-75% of 2025 oil production, securing cash flow stability amidst price volatility. Amplify emphasized its commitment to optimizing asset value and operational efficiency, projecting a promising 2025 with substantial growth opportunities.Strategic Acquisition with Juniper Capital
Amplify Energy announced a definitive merger agreement with Juniper Capital, which is expected to increase scale, operating margins, and provide new M&A opportunities. The transaction is anticipated to be significantly accretive to free cash flow in 2025 and over a five-year time horizon.
Successful Haynesville Transactions
Amplify Energy closed two transactions in East Texas, generating $7.6 million in net proceeds and retaining a 10% non-operated working interest in future development. The acreage has over 30 undeveloped locations with compelling economics.
Beta Field Development Success
The first two wells at Beta, A50, and C59, continue to perform above pre-drill type curves with IRRs exceeding 100%. Beta production is projected to be significantly higher, with plans to complete six additional wells in 2025.
Positive 2024 Financial Performance
Adjusted net income for 2024 was $35.8 million, up 48% from 2023. Full-year adjusted EBITDA was $103 million, up 17% from 2023, meeting guidance.
Magnify Energy Services Growth
Magnify Energy Services generated $3.7 million of adjusted EBITDA with a capital investment of only $1.7 million in 2024. It is expected to generate approximately $5 million of EBITDA in 2025.
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AMPY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMPY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $4.44 | $3.81 | -14.19% |
| Nov 06, 2024 | $7.18 | $6.87 | -4.32% |
| Aug 07, 2024 | $6.50 | $7.51 | +15.54% |
| May 08, 2024 | $7.16 | $6.62 | -7.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amplify Energy Corp. (AMPY) report earnings?
Amplify Energy Corp. (AMPY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Amplify Energy Corp. (AMPY) earnings time?
Amplify Energy Corp. (AMPY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMPY EPS forecast?
AMPY EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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