1. AMPY sold Oklahoma interests for $92.5 million, boosting liquidity. 2. Proceeds were used to eliminate debt under the revolving credit facility. 3. Company plans to focus on high-upside assets post-divestitures. 4. G&A costs are expected to reduce significantly after transaction closures. 5. CEO believes they are positioned for significant upside value creation.
FAQ
Why Very Bullish?
The divestiture improves AMPY's balance sheet by eliminating debt, which is historically viewed favorably by investors. Similar past transactions have led to increased stock performance due to enhanced financial stability.
How important is it?
The sale and debt reduction are pivotal for AMPY's strategic reorientation, significantly impacting financial health and market perception.
Why Long Term?
The focus on high-upside assets and reduced operational costs will benefit AMPY long-term, unlike short-term volatility that was present before the transaction.
Amplify Energy Corp. Completes Oklahoma Divestiture
HOUSTON, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) has successfully closed its announced sale of interests in Oklahoma for a contract price of $92.5 million, pending customary post-closing adjustments. This strategic move is part of Amplify's ongoing efforts to strengthen its portfolio and enhance financial resilience.
Debt Elimination and Credit Facility Amendment
The proceeds from this divestiture, along with funds from Amplify's East Texas divestiture, have allowed the Company to eliminate all outstanding debt related to its revolving credit facility. Amplify is currently working to amend this credit facility, with expectations to finalize the process by December 31, 2025.
Leadership Insights on Strategic Direction
Dan Furbee, Chief Executive Officer of Amplify Energy, expressed enthusiasm regarding the completion of both the East Texas and Oklahoma transactions. He stated, “With an improved balance sheet, the Company intends to focus its resources on its highest upside assets. Furthermore, after closing these transactions, Amplify expects to materially reduce G&A costs.”
Furbee emphasized the Company’s positioning, stating that Amplify is gearing up to generate substantial upside value at both its Beta and Bairoil locations. He also extended gratitude to the teams involved, acknowledging their hard work and commitment to safety and operational efficiency.
About Amplify Energy Corp.
Amplify Energy Corp. is an independent oil company dedicated to the acquisition, development, exploitation, and production of oil. The Company focuses its operations in the Beta region of the Pacific Offshore Continental Shelf and Bairoil in the Rockies. For further details, visit www.amplifyenergy.com.
Forward-Looking Statements
This announcement contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, which include expectations regarding the amended credit facility and the impact of recent divestitures on the Company’s financial outlook, are subject to risks and uncertainties that may cause actual outcomes to differ significantly.
Factors influencing results include the assessment of strategic alternatives, potential volatility in oil and gas prices, the Company’s ability to meet debt obligations, and changes in regulatory environments, among other considerations. Amplify encourages stakeholders to review its filings with the SEC for further information.
Contact Information
- Jim Frew — President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com - Michael Jordan — Vice President, Finance and Treasury
(832) 219-9051
michael.jordan@amplifyenergy.com