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Amplify Energy Corp. (AMPY)
NYSE:AMPY

Amplify Energy (AMPY) AI Stock Analysis

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AMPY

Amplify Energy

(NYSE:AMPY)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
$4.50
▼(-1.75% Downside)
Overall score is held back primarily by mixed financial performance (TTM losses and negative free cash flow despite manageable leverage and positive operating cash flow) and weak technicals (below key moving averages with negative MACD). Positive corporate actions (divestitures and extended credit facility maturity) provide a meaningful offset but are not enough to overcome current profitability and momentum headwinds.
Positive Factors
Gross Profit Margin
A strong gross profit margin indicates effective cost management, which can enhance profitability and provide a buffer against revenue fluctuations.
Beta Field Development
Successful development at Beta Field with high IRRs suggests strong future production potential, supporting long-term growth and cash flow.
Strategic Transactions
Strategic transactions enhance financial flexibility and provide opportunities for future development, supporting long-term asset optimization.
Negative Factors
Declining Revenue
Declining revenue trends can pressure profitability and limit growth potential, challenging the company's ability to sustain operations without external support.
Operating Cash Flow Decline
A significant drop in operating cash flow impacts liquidity and limits the company's ability to invest in growth or manage debt effectively.
Merger Termination
The termination of the merger removes anticipated synergies and growth opportunities, potentially impacting strategic positioning and future expansion plans.

Amplify Energy (AMPY) vs. SPDR S&P 500 ETF (SPY)

Amplify Energy Business Overview & Revenue Model

Company DescriptionAmplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford. As of December 31, 2021, it had total estimated proved reserves of approximately 121.2 million barrels of oil equivalent; and 2,417 gross producing wells. The company is headquartered in Houston, Texas.
How the Company Makes MoneyAmplify Energy makes money through the production and sale of oil, natural gas, and natural gas liquids from its various properties. The company's revenue model is primarily based on the market prices of these commodities, which can fluctuate based on supply and demand dynamics, geopolitical factors, and market speculation. Amplify Energy also engages in hedging activities to mitigate the risk of price volatility. Additionally, the company may enter into joint ventures or partnerships to optimize resource development and share operational costs, which can contribute to its earnings.

Amplify Energy Earnings Call Summary

Earnings Call Date:May 12, 2025
(Q1-2025)
|
% Change Since: |
Next Earnings Date:Mar 05, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment. Amplify Energy reported strong operational and financial performance in certain areas, such as the Beta field development and successful acreage monetization. However, challenges like decreased production, higher operating costs, and a net loss for the quarter balanced these achievements.
Q1-2025 Updates
Positive Updates
Strong First Quarter Financial Performance
Amplify generated $19.4 million of adjusted EBITDA and $25.5 million of operating cash flow, with a production rate of 17,900 BOE per day.
Successful Beta Field Development
The C54 well in the D-Sand had an IP20 of approximately 800 barrels of oil per day, outperforming expectations with IRRs over 90% at $60 oil prices.
Positive Acreage Monetization
Amplify sold 90% of its interest in certain Haynesville units for a total of $9.2 million in net proceeds, while retaining a 10% working interest.
Cost Management and Hedging Strategy
Amplify deferred $50 million in capital projects due to oil price reduction, maintaining strong free cash flow. The company also expanded its hedging to protect future cash flows.
Negative Updates
Decreased Production and Natural Gas Challenges
A decrease of 0.6 MBoe per day from the prior quarter due to gas imbalance adjustments and adverse weather in Oklahoma.
Higher Operating Costs
Lease operating expenses increased by $2.3 million from the prior quarter, reaching $37.4 million.
Negative Free Cash Flow
Free cash flow was negative $7.2 million for the first quarter due to planned capital investments.
Net Loss for the Quarter
Amplify reported a net loss of $5.9 million, primarily due to a non-cash unrealized loss on commodity derivatives.
Company Guidance
During Amplify Energy's first quarter 2025 investor conference call, the company provided comprehensive guidance, highlighting several key metrics. Amplify generated $19.4 million in adjusted EBITDA and $25.5 million in operating cash flow, with daily production averaging 17,900 barrels of oil equivalent (BOE). The company reported a net loss of $5.9 million for the quarter, attributed mainly to non-cash unrealized losses on commodity derivatives. Amplify's production mix included 46% oil, 16% natural gas liquids (NGL), and 38% natural gas. Capital investments amounted to $23.1 million, with 55% allocated to the Beta development program. The firm's first-quarter lease operating expenses were $37.4 million, while cash general and administrative expenses totaled $7.3 million. Amplify's debt stood at $125 million, with liquidity of $20 million and a net debt to adjusted EBITDA ratio of 1.3 times. The company adjusted its 2025 production guidance to 19,000-20,500 BOE per day, partly due to deferred projects at Beta, leading to $50 million in capital savings. Amplify also monetized portions of its Haynesville acreage, generating $9.2 million in proceeds from three transactions. The company emphasized its robust hedge position, with 75%-80% of 2025 crude oil production and 80%-90% of natural gas production hedged, providing stability against market fluctuations.

Amplify Energy Financial Statement Overview

Summary
Amplify Energy faces mixed financial health with strong gross profit margins but declining revenues and net profit margins, signaling profit pressures. The balance sheet displays improved leverage but reduced profitability as seen in the lower ROE. Cash flow concerns arise with negative free cash flow and reduced operating cash flow, indicating potential challenges in sustaining operations without external financing.
Income Statement
Amplify Energy has shown an inconsistent revenue trend with a recent decline from $307.6M in 2023 to $294.7M in 2024. The gross profit margin improved significantly from 38.8% in 2023 to 93.7% in 2024, indicating better cost management. However, net profit margin dropped substantially from 127.7% to 4.4%, reflecting a significant decline in profitability. EBIT and EBITDA margins also decreased from 24.8% to 10.3% and from 64.2% to 10.4% respectively, indicating potential operational inefficiencies.
Balance Sheet
The company improved its debt-to-equity ratio significantly from 0.31 in 2023 to 0.009 in 2024, reducing financial leverage. The equity ratio increased slightly from 53% to 54.7%, showing a stable financial position with a majority of the assets financed by equity. However, the return on equity (ROE) decreased from 100.5% to 3.2%, signaling a drastic decline in profitability relative to shareholders' equity.
Cash Flow
Amplify Energy's operating cash flow fell from $141.6M in 2023 to $51.3M in 2024, impacting their cash generation capability. The free cash flow turned negative at -$20.9M from a positive $110.2M, indicating potential liquidity issues. The operating cash flow to net income ratio also dropped from 0.36 to approximately 3.96, showing reduced efficiency in converting profits into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue275.83M294.68M307.60M458.46M342.92M202.14M
Gross Profit165.21M276.25M119.20M273.72M172.64M20.62M
EBITDA12.70M62.56M197.44M96.04M8.10M-403.13M
Net Income-27.87M12.95M392.75M57.88M-32.07M-464.03M
Balance Sheet
Total Assets731.36M747.08M737.67M459.48M455.10M384.76M
Cash, Cash Equivalents and Short-Term Investments0.000.0020.75M0.0018.80M10.36M
Total Debt127.53M132.47M121.83M197.97M232.79M263.04M
Total Liabilities338.38M338.16M346.64M464.04M519.94M418.50M
Stockholders Equity392.97M408.91M391.04M-4.57M-64.84M-33.74M
Cash Flow
Free Cash Flow-23.32M-20.93M110.21M29.66M33.14M38.44M
Operating Cash Flow75.09M51.29M141.59M64.48M62.97M74.33M
Investing Cash Flow-75.94M-82.03M-38.60M-41.52M-29.43M-35.89M
Financing Cash Flow843.00K9.99M-82.24M-41.76M-25.11M-28.40M

Amplify Energy Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price4.58
Price Trends
50DMA
5.03
Negative
100DMA
4.75
Negative
200DMA
3.98
Positive
Market Momentum
MACD
-0.17
Positive
RSI
43.42
Neutral
STOCH
35.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPY, the sentiment is Neutral. The current price of 4.58 is below the 20-day moving average (MA) of 4.69, below the 50-day MA of 5.03, and above the 200-day MA of 3.98, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 43.42 is Neutral, neither overbought nor oversold. The STOCH value of 35.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMPY.

Amplify Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$96.43M16.025.92%5.24%46.76%11.48%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
57
Neutral
$191.68M-12.08-1.91%-15.44%-113.21%
54
Neutral
$117.26M-545.16-0.19%13.52%-2.23%-104.00%
52
Neutral
$185.38M-6.62-6.90%-9.46%-144.89%
50
Neutral
$151.42M-1.74-21.91%-1.58%-271.90%
44
Neutral
$110.14M-6.15-31.43%-15.13%17.34%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AMPY
Amplify Energy
4.58
-1.95
-29.86%
EPM
Evolution Petroleum
3.38
-1.55
-31.44%
GTE
Gran Tierra Energy
4.29
-3.38
-44.07%
REI
Ring Energy
0.93
-0.58
-38.33%
EPSN
Epsilon Energy
4.37
-1.67
-27.65%
EP
Empire Petroleum
3.16
-3.45
-52.19%

Amplify Energy Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Amplify Energy Amends Credit Facility, Extends Maturity to 2028
Positive
Dec 31, 2025

On December 31, 2025, Amplify Energy Corp. closed an amendment to its senior secured reserve-based revolving credit facility with Citizens Bank, resetting the borrowing base at $25 million with elected commitments of $15 million and extending the facility’s maturity to December 31, 2028. Following the amendment, which left the company with no outstanding balance on the facility and cash on hand, Amplify strengthened its liquidity position to support its strategic objectives, a move that may enhance its financial flexibility and stability within the upstream oil sector.

The most recent analyst rating on (AMPY) stock is a Buy with a $7.25 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Amplify Energy Completes Major Asset Divestitures Reshaping Portfolio
Positive
Dec 29, 2025

On December 23, 2025, Amplify Energy completed the sale of certain East Texas assets by indirect subsidiaries Amplify Energy Operating LLC and Magnify Energy Services LLC to EQV Alpha LLC for approximately $122 million in proceeds, subject to customary post-closing adjustments. On December 29, 2025, the company closed a separate divestiture of Oklahoma assets by Amplify Oklahoma Operating LLC and Magnify to Revolution Resources III, LLC, generating about $92.5 million in proceeds, also subject to adjustments. Amplify has filed unaudited pro forma condensed consolidated financial statements to reflect the impact of these divestitures on its balance sheet as of September 30, 2025, and on its operating results for the nine months ended September 30, 2025, and the year ended December 31, 2024, indicating a material reshaping of its asset base and capital structure following the transactions.

The most recent analyst rating on (AMPY) stock is a Buy with a $7.25 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Amplify Energy Completes Major East Texas Asset Divestiture
Positive
Dec 23, 2025

On December 23, 2025, Amplify Energy completed the divestiture of its East Texas assets to EQV Alpha LLC for approximately $122 million in cash, a transaction that will be reflected as a continuing operation rather than a discontinued one. The company also outlined a probable sale of certain Oklahoma assets to Revolution Resources III, LLC for an expected $92.5 million, and released unaudited pro forma financial statements showing how these transactions would have affected its September 30, 2025 balance sheet and 2024–2025 operating results, signaling a significant reshaping of its asset base and liquidity profile with implications for future production mix and capital allocation.

The most recent analyst rating on (AMPY) stock is a Buy with a $7.25 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Executive/Board Changes
Amplify Energy Appoints New Chief Accounting Officer
Neutral
Nov 14, 2025

On November 14, 2025, Amplify Energy Corp. announced the departure of Mr. Eric Dulany as Vice President and Chief Accounting Officer, which was a mutual decision without any disagreements. Natasha France, previously the Assistant Controller, was appointed to the position effective immediately. Ms. France has been with Amplify for eight years, holding various roles in financial reporting. Her new compensation package includes a base salary of $220,000 and eligibility for the company’s incentive plans.

The most recent analyst rating on (AMPY) stock is a Buy with a $7.25 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Business Operations and StrategyM&A Transactions
Amplify Energy Sells Oklahoma Assets for $92.5 Million
Positive
Nov 5, 2025

On November 4, 2025, Amplify Energy Corp. announced a definitive agreement to sell its Oklahoma assets to Revolution Resources III, LLC for $92.5 million, with the transaction expected to close by the end of the fourth quarter of 2025. This divestiture, along with previous sales of East Texas and Eagle Ford assets, aligns with Amplify’s strategic plan to simplify its portfolio and focus on high-potential assets, positioning the company for significant value creation at its Beta and Bairoil operations.

The most recent analyst rating on (AMPY) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Amplify Energy Reports Q3 2025 Financial Results
Neutral
Nov 5, 2025

On November 5, 2025, Amplify Energy announced its third-quarter 2025 financial results and strategic initiatives. The company reported a net loss of $21 million, attributed to an impairment charge, but achieved an adjusted EBITDA of $20.3 million. Amplify is divesting its Oklahoma and East Texas assets for $220 million to reduce debt and enhance its Beta drilling program. The company also reported increased production and cost savings at Bairoil, with promising results from new wells at Beta. These actions align with Amplify’s strategy to simplify its portfolio and focus on high-potential assets, impacting its financial stability and operational focus.

The most recent analyst rating on (AMPY) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Business Operations and StrategyM&A Transactions
Amplify Energy Sells Assets for $122 Million
Positive
Oct 29, 2025

On October 28, 2025, Amplify Energy Operating LLC and Magnify Energy Services LLC, both subsidiaries of Amplify Energy Corp., entered into a purchase and sale agreement with EQV Alpha LLC to sell certain oil and gas assets in East Texas and Louisiana for $122 million, with the transaction expected to close in December 2025. This divestiture is part of Amplify’s strategic plan to simplify its portfolio, improve its balance sheet, and focus on high-potential assets, with proceeds used to reduce debt and cut general and administrative costs.

The most recent analyst rating on (AMPY) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Amplify Energy stock, see the AMPY Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026