earnings
confidence high
sentiment neutral
materiality 0.55
Amplify Energy Q3 net income $22.7M; Beta well IP30 590 Bopd; borrowing base $145M
Amplify Energy Corp.
2024-Q3 EPS reported
$0.49
revenue$225,660,000
- Net income $22.7M (Q2: $7.1M) includes $6.4M unrealized derivative gain; revenue $69.9M vs $79.5M.
- Adjusted EBITDA $25.5M vs $30.7M prior quarter, which included $7M one-time accounting adjustment.
- Production 19.0 MBoe/d vs 20.3; Beta C59 well IP30 590 Bopd exceeded projections; C48 well online mid-November.
- Borrowing base $145M (liquidity +$10M); net debt/LTM Adj EBITDA 1.1x; $120M outstanding on revolver.
- Free cash flow $3.6M; total capital $18.2M; annual capex guide raised to at or above $60-65M.