NYSE$AMPY
Amplify Energy Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Amplify Energy's third quarter performance was marked by strong operating results, driven by Beta's development program and strategic asset management, resulting in a decrease in Adjusted EBITDA compared to the previous quarter due to a one-time accounting adjustment in Q2.
Amplify Energy Corp. reported a net income of $22.7 million and Adjusted EBITDA of $25.5 million for Q3 2024. The company focused on its Beta field development program, with the C59 well exceeding production expectations. While evaluating monetization of Wyoming assets, Amplify decided to retain them, prioritizing shareholder value in the current commodity price environment.
- Achieved average total production of 19.0 MBoepd.
- Generated net income of $22.7 million and Adjusted EBITDA of $25.5 million.
- Successfully drilled and completed the C59 development well at Beta, exceeding Company projections.
- Increased liquidity by $10.0 million following borrowing base redetermination.
Headline financials
Revenue & EPS history
Amplify Energy · Revenue · Quarterly
$69.9M
Forward guidance
Amplify Energy expects to allocate capital investments primarily to the drilling of the C48 development well and participation in non-operated drilling opportunities in East Texas and the Eagle Ford. Due to the acceleration of non-operated development costs in the fourth quarter, Amplify expects total capital to be at or slightly above the high end of its current annual guidance range of $60 to $65 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-2.0%
Avg return
Earnings day
-1.8%
Avg return
5 days after
+3.1%
Avg return
30 days after
46%
26 / 56 earnings
Positive
+19.1%
Q2 2019
Best reaction
-48.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.8% | -0.9% | -13.6% | |
| Q4 2025 | -13.4% | +10.8% | -1.5% | |
| Q3 2025 | +7.5% | +28.2% | +21.7% | |
| Q1 2025 | +9.2% | -0.7% | +13.0% | |
| Q4 2024 | -14.2% | -9.0% | -34.5% | |
| Q3 2024 | +2.1% | +1.0% | -6.1% | |
| Q2 2024 | +16.6% | +10.1% | -1.9% | |
| Q1 2024 | -6.8% | -12.5% | -18.6% | |
| Q4 2023 | +3.3% | -1.5% | +13.2% | |
| Q3 2023 | -11.1% | -9.6% | -16.7% | |
| Q2 2023 | -4.7% | -5.5% | -10.9% | |
| Q1 2023 | +5.6% | +4.8% | +7.1% | |
| Q4 2022 | -18.6% | -26.9% | -30.3% | |
| Q3 2022 | -8.5% | -6.0% | -17.9% | |
| Q2 2022 | -8.2% | -8.6% | +19.2% | |
| Q1 2022 | +4.7% | -9.0% | +32.9% | |
| Q4 2021 | +12.8% | +5.8% | +16.7% | |
| Q3 2021 | -7.3% | -14.7% | -4.2% | |
| Q2 2021 | +7.9% | +17.4% | +19.6% | |
| Q1 2021 | +3.5% | +4.6% | +32.5% | |
| Q4 2020 | -10.8% | -21.2% | -36.0% | |
| Q3 2020 | -3.8% | +24.6% | +115.4% | |
| Q2 2020 | -3.9% | -1.6% | -11.0% | |
| Q1 2020 | -9.7% | -12.7% | +67.2% | |
| Q4 2019 | -48.8% | -68.3% | -84.9% | |
| Q3 2019 | -13.6% | -12.6% | -29.4% | |
| Q2 2019 | +19.1% | +19.1% | +30.9% | |
| Q1 2019 | -11.9% | -15.2% | -36.3% | |
| Q4 2018 | +8.0% | +27.3% | +37.1% | |
| Q3 2018 | +7.6% | +5.1% | -1.6% | |
| Q2 2018 | +0.3% | -1.1% | -9.4% | |
| Q1 2018 | -3.9% | -5.2% | -8.8% | |
| Q4 2017 | -3.5% | -7.4% | +1.9% | |
| Q3 2017 | -5.2% | +0.3% | -5.2% | |
| Q2 2017 | +5.8% | +1.5% | +10.7% | |
| Q1 2017 | +2.0% | +3.2% | -9.2% | |
| Q4 2016 | -0.2% | -3.3% | -6.4% | |
| Q3 2016 | +1.3% | +2.1% | +8.0% | |
| Q2 2016 | +0.0% | +16.7% | +66.7% | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +12.5% | — | — | |
| Q2 2015 | -36.3% | — | — | |
| Q1 2015 | -9.5% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +15.2% | — | — | |
| Q1 2014 | +9.3% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +10.8% | — | — | |
| Q3 2012 | -6.4% | — | — | |
| Q2 2012 | -4.1% | — | — | |
| Q1 2012 | -16.7% | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — |
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