Amplify Energy Corp. ( (AMPY) ) has released its Q3 earnings. Here is a breakdown of the information Amplify Energy Corp. presented to its investors.
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Amplify Energy Corp. is an independent oil company focused on the acquisition, development, and production of oil properties, with operations primarily in federal waters offshore Southern California and the Rockies.
In its latest earnings report for the third quarter of 2025, Amplify Energy Corp. announced strategic initiatives including the divestiture of its Oklahoma and East Texas assets for $220 million, aimed at simplifying its portfolio and strengthening its balance sheet. The company plans to use the proceeds to pay down debt and accelerate development at its Beta field.
Key financial highlights for the quarter include an average total production of 19.7 MBoepd, a net cash flow from operating activities of $13.4 million, and an adjusted EBITDA of $20.3 million. Despite a net loss of $21 million, Amplify successfully drilled two promising wells at Beta and achieved significant cost savings at its Bairoil asset through new CO2 initiatives.
Looking ahead, Amplify Energy remains focused on its strategic plan to enhance its asset portfolio and financial position. The company anticipates further development at Beta and additional cost-saving measures, positioning itself for potential growth in 2026.