---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002606"
form_type: "8-K"
ticker: "AMPY"
cik: "0001533924"
company_name: "Amplify Energy Corp."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:36:55.716676+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amplify Energy Q4 net income $43.6M, launches Beta development program, initiates Bairoil sale

## Summary
- Q4 2023: Net income $43.6M (vs Q3 loss of $13.4M); Adjusted EBITDA $25.2M; free cash flow $14.4M, up 136%.
- Full-year 2023: net income $392.8M; reduced net debt by ~$95M to $94M; LTM Adjusted EBITDA $88.0M.
- Year-end 2023 proved reserves: 98 MMBoe; PV-10 of $757M (SEC pricing); net debt/EBITDA 1.1x.
- 2024 capex guidance $50–60M; Beta development program spudded Mar 2024; Bairoil marketing process started.
- Beta wells projected IRRs >100%, payback <1 year; Magnify Energy Services expects $2–3M Adjusted EBITDA in 2024.

## SEC filing metadata
- accession: 0001558370-24-002606
- form_type: 8-K
- ticker: AMPY
- cik: 0001533924
- company_name: Amplify Energy Corp.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1533924/000155837024002606/0001558370-24-002606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1533924/000155837024002606/ampy-20240306x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002606
- JSON: https://secwatch.observer/filing/0001558370-24-002606.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002606.txt

## Key facts
- Earnings Releases
  Amplify Energy Corp. reported financial results for quarter and year ended December 31, 2023.
  - Period: quarter and year ended December 31, 2023
  - Result: reported results
  source text: On March 6, 2024, Amplify Energy Corp., a Delaware corporation (the “Company”), issued a press release reporting the Company’s financial and operating results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000155837024002606/0001558370-24-002606-index.htm

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