earnings
confidence high
sentiment neutral
materiality 0.75
Amplify Energy Q2 net income $29.2M, production flat at 20.4 MBoe/d; updates 2022 guidance
Amplify Energy Corp.
2022-Q2 EPS reported
-$0.51
revenue$233,210,000
- Net income of $29.2M vs prior quarter loss of $48.6M; Adjusted EBITDA $16.3M vs $24.9M QoQ.
- Production held flat at 20.4 MBoe/d; product mix: 30% oil, 19% NGLs, 51% natural gas.
- Net debt $185M (2.3x LTM EBITDA) as of July 31; borrowing base affirmed at $225M.
- Increased full-year 2022 guidance for production and Adjusted EBITDA.
- Beta pipeline still shut; recognized $8.8M LOPI proceeds in Q2 vs $17.5M in prior quarter.