secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001558370-23-017763
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy Q3 net loss $13.4M; announces Bairoil sale and Beta development
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- Net loss $13.4M vs Q2 net income $9.8M; Adjusted EBITDA $19.5M (up from $17.6M).
- Production 20.6 MBoe/d (-3% QoQ); revenue $76.8M (+$4.8M QoQ).
- Bairoil asset sale process to begin Q1 2024; Beta development program planned H1 2024 with >100% IRR.
- Created Magnify Energy Services to insource oilfield services; reaffirmed full-year 2023 guidance.
- Net debt $104M (1.2x LTM Adj. EBITDA); Vidisha Prasad appointed to Board; inaugural sustainability report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023017763/0001558370-23-017763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837023017763/ampy-20231106x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017763

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