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Amplify Energy and Juniper Capital Announce Termination of Merger Agreement

1. Amplify Energy and Juniper have terminated their merger agreement. 2. Juniper receives $800,000 as part of the termination. 3. Special stockholder meeting has been canceled due to this termination. 4. Amplify will update on capital allocation and cash flow in Q1 earnings. 5. The company seeks strategic alternatives to maximize shareholder value.

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FAQ

Why Bearish?

The termination of the merger signals volatility and potential instability, which may decrease investor confidence, similar to past merger failures where stock prices dropped significantly. For instance, when similar terminations occurred in small-cap energy firms, stock prices typically faced downward pressure.

How important is it?

The merger termination directly impacts AMPY's stock dynamics because it indicates uncertainty about the company's current strategic direction, which is crucial for investor confidence and market perception.

Why Short Term?

The immediate market reaction to the termination is likely to cause volatility in AMPY's stock in the next few trading sessions, as seen in previous cases where merger announcements or terminations caused spikes in trading volumes and price fluctuations.

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Juniper Capital AdvisorsXOMCVX
April 25, 2025 16:15 ET  | Source: Amplify Energy Corp. HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that the Company and Juniper Capital Advisors, L.P. (“Juniper”) have entered into a mutual termination agreement (“Termination Agreement”) to terminate (the “Termination”) the previously announced Agreement and Plan of Merger (the “Merger Agreement”) 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 (the “Special Meeting”) 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 Securities and Exchange Commission (the “SEC”) on March 4, 2025. 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. 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 www.amplifyenergy.com. 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 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. Risks and uncertainties that could cause actual results to differ from expectations include: the effects of disruption caused by the announcement of the Termination and the Termination making it more difficult to maintain relationships with employees, customers, vendors and other business partners; the risk that stockholder litigation in connection with the contemplated transaction and the Termination may result in significant costs of defense, indemnification and liability; transaction costs; and actual or contingent liabilities. Please read the Company’s filings with 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 https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, 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) 219-9044jim.frew@amplifyenergy.com Michael Jordan -- Director, Finance and Treasurer(832) 219-9051michael.jordan@amplifyenergy.com FTI Consulting Tanner Kaufman / Brandon Elliott / Rose Zuamplifyenergy@fticonsulting.com

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