secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001558370-24-014626
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy Q3 net income $22.7M; Beta well IP30 590 Bopd; borrowing base $145M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024014626/0001558370-24-014626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837024014626/ampy-20241106x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014626

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