secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001558370-22-015800
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837022015800/0001558370-22-015800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837022015800/ampy-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015800

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