secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001558370-24-002606
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024002606/0001558370-24-002606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024002606/ampy-20240306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002606

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