Latest news with #AmplifyEnergy
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Amplify Energy to Participate in the 2025 Louisiana Energy Conference
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ('Amplify' or the 'Company') (NYSE: AMPY) announced today that the Company will be participating in the 2025 Louisiana Energy Conference on Wednesday, May 28 th at the Four Seasons in New Orleans, LA. Amplify's President and Chief Executive Officer, Martyn Willsher, will be participating in a panel discussion regarding the topic of 'Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian.' In addition, Mr. Willsher will be available to meet with investors during the conference. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit Investor Relations Contacts Jim Frew – Senior Vice President and Chief Financial Officer (832) 219-9044 Michael Jordan – Director, Finance and Treasurer (832) 219-9051
Globe and Mail
19-05-2025
- Business
- Globe and Mail
Amplify Energy Appoints Clint Coghill to Board of Directors
HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) ('Amplify' or the 'Company') today announced that it has appointed Clint Coghill to its Board of Directors (the 'Board') as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill's appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, 'Stoney Lonesome'), the beneficial owners of approximately 7% of the Company's outstanding shares. Mr. Coghill will serve as a member of the Board's Compensation Committee and be included in the Board's slate of nominees up for election at the Company's upcoming 2025 Annual Meeting of Stockholders. 'We appreciate the constructive dialogue we have had with Clint and are pleased to welcome him to the Board,' said Chris Hamm, Chairman of Amplify. 'We believe Clint's business and financial expertise and strong shareholder perspective will be invaluable assets to the Company and we look forward to working with him.' Clint Coghill, the Chief Investment Officer of Stoney Lonesome, said, 'I'm pleased to join the Board of Amplify and look forward to working with Amplify's Board and management team to help the Company achieve its potential and drive shareholder value.' In connection with the cooperation agreement, Stoney Lonesome has agreed to a customary standstill, voting and other provisions. The cooperation agreement will be included as an exhibit to a Current Report on Form 8-K, which the Company will file with the U.S. Securities and Exchange Commission. Kirkland & Ellis LLP served as legal counsel to Amplify. About Clint Coghill Clint Coghill brings more than 30 years of experience as a successful money manager, software entrepreneur, and philanthropist. Mr. Coghill is the Founder of Backstop Solutions Group, LLC, an industry-leading service company redefining the way firms operate in private markets and reshaping the institutional investment industry. From 2003 to 2021, Mr. Coghill served as Chairman of the Board and Chief Executive Officer of Backstop Solutions Group, LLC from 2013 until its sale to ION Analytics in 2021, where he then was the Head of the Investor Segment until early 2025. Prior to that, he served as President and Chief Investment Officer of Coghill Capital Management, LLC. Mr. Coghill currently serves as the chairman of the board of the Coghill Family Foundation and serves on the board of directors of New Moly, LLC. Mr. Coghill holds a B.A. in Business Administration from the University of Arizona and an M.B.A. from the London Business School. About Amplify Energy Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify's operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit Forward-Looking Statements This press release includes 'forward-looking statements.' All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company's upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company's actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company's filings with the Securities and Exchange Commission (the 'SEC'), including 'Risk Factors' in the Company's Annual Report on Form 10-K, and if applicable, the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company's Investor Relations website at or on the SEC's website at for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. Contacts Amplify Energy Jim Frew -- Senior Vice President and Chief Financial Officer (832) 219-9044 Michael Jordan -- Director, Finance and Treasurer (832) 219-9051 FTI Consulting Tanner Kaufman / Brandon Elliott / Rose Zu amplifyenergy@
Yahoo
13-05-2025
- Business
- Yahoo
Amplify Energy (AMPY) Misses Q1 Earnings and Revenue Estimates
Amplify Energy (AMPY) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.25 per share when it actually produced earnings of $0.13, delivering a surprise of -48%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Amplify Energy , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $72.05 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.77%. This compares to year-ago revenues of $76.3 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amplify Energy shares have lost about 51.8% since the beginning of the year versus the S&P 500's decline of -3.8%. While Amplify Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amplify Energy: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $73.1 million in revenues for the coming quarter and $0.67 on $306.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Oils-Energy sector, North American Construction (NOA), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 14. This heavy construction and mining services company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -10.3%. The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. North American Construction's revenues are expected to be $212.74 million, down 3.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amplify Energy Corp. (AMPY) : Free Stock Analysis Report North American Construction Group Ltd. (NOA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
12-05-2025
- Business
- Washington Post
Amplify Energy: Q1 Earnings Snapshot
HOUSTON — HOUSTON — Amplify Energy Corp. (AMPY) on Monday reported a loss of $5.9 million in its first quarter. The Houston-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 10 cents per share. The oil and gas company posted revenue of $72.1 million in the period.
Business Insider
26-04-2025
- Business
- Business Insider
Amplify Energy, Juniper Capital announce termination of merger agreement
Amplify Energy (AMPY) announced that the company and Juniper Capital Advisors have entered into a mutual termination agreement to terminate the previously announced Agreement and Plan of Merger in light of the extraordinary volatility in the market. In accordance with the terms of the Termination Agreement, Juniper is receiving a cash payment of $800,000 in lieu of any termination fee which might have been otherwise payable pursuant to the Merger Agreement. In view of the Termination, Amplify also announced its decision to cancel its special meeting of stockholders and the withdrawal from consideration by the company's stockholders of the proposals set forth in the company's definitive proxy statement, as amended, filed with the SEC on March 4. Amplify intends to provide an update on the state of its business, including capital allocation and free cash flow outlook in the current macroeconomic environment, when it announces first quarter earnings. The company plans to continue to evaluate strategic alternatives to maximize value to stockholders, including potential portfolio optimization strategies. Stay Ahead of the Market:
