secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001558370-23-007842
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023007842/0001558370-23-007842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023007842/ampy-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007842

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