Corrects revenue figure in Key Details table to $66.4 mln from $64.24 mln; removes Q3 Adjusted Revenue metric
Overview
Amplify Q3 EBITDA misses 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/Miss | Actual | Consensus Estimate |
Q3 Revenue | $66.4 mln | ||
Q3 Adjusted Net Income | Miss | -$6 mln | $5.10 mln (1 Analyst) |
Q3 Net Income | -$21 mln | ||
Q3 Adjusted EBITDA | Miss | $20.30 mln | $24.40 mln (2 Analysts) |
Q3 Basic EPS | -$0.52 |
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 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: ID:nGNX125psl
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(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.)