Overview

* Amplify Q3 adjusted revenue and EBITDA miss analyst expectations

* Company reports Q3 net loss due to impairment charge related to asset divestitures

* Amplify divests Oklahoma and East Texas assets for $220 mln to reduce debt

Outlook

* Amplify expects to close asset divestitures in Q4 2025, using proceeds to reduce debt

* Amplify sees potential cash flow increase from CCUS initiatives at Bairoil

Result Drivers

* ASSET DIVESTITURES - Amplify divested Oklahoma and East Texas assets for $220 mln to reduce debt and simplify portfolio

* BETA DRILLING SUCCESS - Successful drilling at Beta with promising initial results from new wells

* BAIROIL COST SAVINGS - New CO2 initiatives at Bairoil projected to save $10 mln annually in lease operating expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $64.24

Revenue mln

Q3 Miss $66.40 $74.50

Adjusted mln mln (2

Revenue Analysts

)

Q3 Miss -$6 mln $5.10

Adjusted mln (1

Net Analyst)

Income

Q3 Net -$21 mln

Income

Q3 Miss $20.30 $24.40

Adjusted mln mln (2

EBITDA Analysts

)

Q3 Basic -$0.52

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Amplify Energy Corp ( AMPY ) is $8.50, about 47.1% above its November 4 closing price of $4.50

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)