secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001558370-24-011364
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy Q2 net income $7.1M vs loss; raises 2024 capex guidance to $60-65M
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- Q2 net income of $7.1M, reversing prior quarter net loss of $9.4M; Adjusted EBITDA $30.7M.
- Average production 20.3 MBoepd; free cash flow $9.2M, up from $2.3M QoQ.
- Beta A50 well IP30 ~730 Bopd; payback ~4 months; two more wells planned in Q3.
- Updated 2024 capex guidance to $60-65M, including $7-9M for non-operated wells in Eagle Ford/East Texas.
- Bairoil monetization ongoing; net debt $117.5M, leverage 1.2x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024011364/0001558370-24-011364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024011364/ampy-20240807x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011364

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