Amplify Energy Q2 net income $9.8M, production up 9% QoQ to 21.2 Mboepd, new $135M credit facility closed

Amplify Energy Corp.

2023-Q2 EPS reported $8.91 revenue$151,841,000

Q2 Adjusted EBITDA $17.6M, free cash flow $6.1M; net debt $113M, leverage 1.2x LTM EBITDA.
Closed new $135M revolving credit facility (borrowing base $150M) maturing July 2027.
Average daily production 21.2 Mboepd, up 9% QoQ; Beta assets returned in late April, exceeding projections.
Full-year 2023 guidance reaffirmed; Q2 capital spend $7.9M, focused on Beta and Bairoil facility upgrades.
Realized oil price (with derivatives) $65.29/bbl; natural gas $2.86/Mcf; liquids mix 55%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Amplify Energy Corp. reported the second quarter of 2023 results: net income approximately $9.8 million. Guidance reaffirmed.

Period: the second quarter of 2023
Net income: approximately $9.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

issued a press release reporting the Company’s financial and operating results for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001558370-23-013952

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