Amplify Energy Q1 net loss $48.6M, Adj. EBITDA $24.9M, raises FY2022 guidance

Amplify Energy Corp.

2022-Q1 EPS reported -$1.27 revenue$111,433,000

Q1 2022: average production 20.4 MBoepd, Adjusted EBITDA $24.9M, free cash flow $14.9M, net loss $48.6M.
Received PHMSA approval for permanent pipeline repair plan on April 15; awaiting Army Corps approval to start repairs.
Appointed Deborah G. Adams and Eric T. Greager to Board of Directors on April 7.
Raised full-year 2022 production and Adjusted EBITDA guidance; capital spending $6.9M in Q1.
Net debt $197M as of April 30 (borrowing base $230M); LOPI insurance payments $17.5M in Q1.

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