secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001558370-22-011909
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy Q2 net income $29.2M, production flat at 20.4 MBoe/d; updates 2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837022011909/0001558370-22-011909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837022011909/ampy-20220803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011909

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer