secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001558370-24-007355
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy Q1 net loss $9.4M; raises 2024 guidance on strong crude
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- Net loss of $9.4M vs net income of $43.6M in Q4 2023; Adjusted EBITDA $24.9M.
- Total production 20.2 MBoepd (61% liquids); total revenues $76.3M excluding hedges.
- Free cash flow $2.3M; net debt $112M (1.3x LTM EBITDA); borrowing base reaffirmed $150M.
- Beta A45 well completion deferred to Q4 2024; second development well spud expected in May.
- Updated 2024 guidance raised; replaced surety bonds saving ~$7M/yr; iodine royalty increase $2-3M/yr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024007355/0001558370-24-007355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024007355/ampy-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007355

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