Amplify Energy Corp (N:AMPY)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 500 Dallas St Ste 1700 HOUSTON TX 77002-4800 |
| Tel: | N/A |
| Website: | https://www.amplifyenergy.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Martyn Willsher President, Chief Executive Officer, Director | James Frew Chief Financial Officer, Senior Vice President | Daniel Furbee Chief Operating Officer, Senior Vice President |
| Eric M. Willis Senior Vice President, General Counsel, Corporate Secretary | Tony William Lopez Senior Vice President - Engineering and Exploitation | Eric Dulany Chief Accounting Officer, Vice President |
| Business Overview |
| Amplify Energy Corp. is an independent oil and natural gas company. The Company is engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company's operations are focused on Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/ North Louisiana, and the Eagle Ford (Non-op). Its properties consist primarily of operated and non-operated working interests in producing and undeveloped leasehold acreage and working interests in identified producing wells. The Company's estimated proved reserves were approximately 98.1 One million barrels of oil equivalent (MMBoe), consisted of approximately 42% oil, 38% natural gas, and 20% NGLs, and 98% were classified as proved developed reserves. The Company's subsidiaries include Amplify Energy Holdings LLC, Amplify Acquisitionco LLC, Amplify Energy Services LLC, Amplify Energy Operating LLC, Beta Operating Company, LLC and San Pedro Bay Pipeline Company. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Amplify Energy Corp revenues decreased 33% to $307.6M. Net income applicable to common stockholders increased from $55.1M to $375.2M. Revenues reflect Crude Oil Production - Oklahoma decrease of 13% to 426K barrels, Oil Equivalent Production (Units/day) decrease of 1% to 20K barrels per day, Natural gas decrease of 64% to $53.2M, Other revenues decrease of 62% to $19.3M. |
| Employees: | 214 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $362.43M as of Dec 31, 2023 |
| Annual revenue (TTM): | $307.60M as of Dec 31, 2023 |
| EBITDA (TTM): | $84.08M as of Dec 31, 2023 |
| Net annual income (TTM): | $375.15M as of Dec 31, 2023 |
| Free cash flow (TTM): | $110.21M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $94.25M as of Dec 31, 2023 |
| Shares outstanding: | 39,612,030 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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