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NEW YORK - Amplify Energy Corp. (NYSE:AMPY) reported fourth quarter results that fell short of analyst expectations, sending shares down 5.6% in after-hours trading.
The oil and gas company posted a loss of $0.19 per share for Q4, missing the consensus estimate for earnings of $0.30 per share. Revenue came in at $69.02 million, below analyst projections of $78.46 million.
Amplify’s average daily production decreased to 18.5 thousand barrels of oil equivalent per day (MBoepd) in Q4, down from 19.0 MBoepd in the previous quarter. The company attributed the decline primarily to lower gas volumes due to plant issues in East Texas.
Despite the earnings miss, Amplify generated $2.9 million in free cash flow during the quarter. The company has now produced positive free cash flow in 18 of the last 19 quarters.
"While we have focused our attention and resources on these two significant initiatives, our team has also delivered value to stockholders by pursuing opportunities to reduce operating expenses and maximize the value of our existing asset base," said CEO Martyn Willsher.
For full-year 2025, Amplify provided standalone guidance for production of 19.0-21.0 MBoepd and capital expenditures of $70-$80 million. The company expects to generate adjusted EBITDA of $100-$120 million and free cash flow of $10-$30 million.
Amplify’s shares fell 5.6% in after-hours trading following the earnings release, reflecting investor disappointment with the Q4 results falling short of expectations.
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