---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007842"
form_type: "8-K"
ticker: "AMPY"
cik: "0001533924"
company_name: "Amplify Energy Corp."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:02:47.600234+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Amplify Energy Q1 net income $352.8M (incl. $85M Beta settlement); production 19.4 MBoepd

## Summary
- Net income of $352.8M includes $84.9M net settlement proceeds from Beta incident and $259.5M deferred tax benefit.
- Adjusted EBITDA of $25.8M, up from $21.9M in Q4 2022; free cash flow of $11.4M.
- Production averaged 19.4 MBoepd (down 7% QoQ); Beta field restarted April 24 with rates exceeding expectations.
- Debt reduced by $65M from settlement proceeds; net debt $109M as of April 30 (1.1x LTM Adj. EBITDA).
- Appointed Dan Furbee as SVP & COO and Jim Frew as SVP & CFO; reaffirmed full-year 2023 guidance.

## SEC filing metadata
- accession: 0001558370-23-007842
- form_type: 8-K
- ticker: AMPY
- cik: 0001533924
- company_name: Amplify Energy Corp.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1533924/000155837023007842/0001558370-23-007842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1533924/000155837023007842/ampy-20230503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007842
- JSON: https://secwatch.observer/filing/0001558370-23-007842.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007842.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.