secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001558370-23-003314
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023003314/0001558370-23-003314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023003314/ampy-20230309x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003314

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