secwatch.observer — SEC 8-K summary
======================================

Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001558370-25-007377
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy reports Q1 net loss of $5.9M; updates 2025 guidance, defers Beta projects saving $15M
--------------------------------------------------------------------------------

- Net loss $5.9M ($0.81 diluted EPS loss); adjusted net income $3.8M; Adjusted EBITDA $19.4M.
- Average production 17.9 MBoe/d (down 3% QoQ); revenues $70.3M pre-hedge; free cash flow negative $7.2M.
- Beta C54 well IP20 ~800 BOPD; two wells completed in Q1-2025; three wells planned for 2025 total.
- Deferred three Beta development projects, saving ~$15M in 2025, to maintain free cash flow amid lower oil prices.
- Generated $9.2M from Haynesville acreage sales since Nov 2024; retained 10% interest in two AMIs with 30+ potential locations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000155837025007377/0001558370-25-007377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000155837025007377/ampy-20250512x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-007377

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer