Amplify Energy reports Q3 net income $47.2M, Adj. EBITDA $30.8M; pipeline repair on track

Amplify Energy Corp.

2022-Q3 EPS reported $0.69 revenue$359,509,000

Net income of $47.2M, Adjusted EBITDA $30.8M, free cash flow $17.0M for Q3 2022.
Average production 21.0 MBoepd, up 3% from prior quarter; product mix 31% oil, 19% NGLs, 50% gas.
Pipeline repair underway, restart expected by end of Q1 2023; all federal/state criminal matters resolved, civil settlement in principle (insured).
Net debt $179M (2.2x LTM EBITDA); $205M drawn on revolver, $26M cash; borrowing base redetermination underway.
Capital spending $9.9M in Q3, focused on Eagle Ford, workovers, facility maintenance.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Amplify Energy Corp. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022, Amplify Energy Corp., a Delaware corporation (the “Company”), issued a press release reporting the Company’s financial and operating results for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001558370-22-015800

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