Amplify Energy reports Q4 net income $30M; settles incident for $96.5M

Amplify Energy Corp.

Q4 net income $30.0M, Adjusted EBITDA $21.9M, free cash flow $12.3M, production 20.8 MBoepd.
Full-year net income $57.9M, Adjusted EBITDA $93.8M, free cash flow $43.6M; debt reduced by $40M.
Proved reserves 124 MMBoe, PV-10 ~$1.6B at SEC pricing; $743M at Feb 2023 strip pricing.
Settlement of $96.5M from vessel operators; Amplify to net ~$85M; proceeds to reduce debt.
Appointed James Craddock to board; Beta pipeline repaired pending federal restart approval.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Amplify Energy Corp. updated its the quarter and year ended December 31, 2022 guidance (initiated).

Period: the quarter and year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On March 9, 2023, Amplify Energy Corp., a Delaware corporation (the “Company”), issued a press release reporting the Company’s financial and operating results for the quarter and year ended December 31, 2022.

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Amplify Energy Corp. filing history →

Source: SEC EDGAR

accession 0001558370-23-003314

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