AMPY Earnings Prediction
The chart below shows how AMPY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMPY sees a -1.74% change in stock price 10 days leading up to the earnings, and a -5.79% change 10 days following the report. On the earnings day itself, the stock moves by -2.05%. This data can give you a slight idea of what to expect for the next quarter's release.
AMPY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
69.86M
-9.00%
-12.13%
Gross Margin
40.80%
-2.72%
-8.27%
Operating Margin
14.47%
-19.39%
-33.81%
Net Margin
32.43%
285.74%
262.35%
EPS
0.54
258.82%
217.65%
No Data Available
AMPY Earnings Analysis
Amplify Energy Corp. Corporation (AMPY.N) Earnings Conference Call
Positive
Adjusted EBITDA Performance: 1. Strong Adjusted EBITDA: Amplify Energy generated $25.5 million of adjusted EBITDA in Q3 2024, aligning with expectations and demonstrating robust operational performance.
Sustainable Cash Generation: 2. Positive Free Cash Flow: The company reported $3.6 million in free cash flow for the quarter, marking positive free cash flow in 17 of the last 18 quarters, showcasing sustainable cash generation.
Net Income Surge: 3. Increased Net Income: Amplify's net income rose to approximately $22.7 million in Q3 2024, a significant increase from $7.1 million in the prior quarter, driven by a non-cash unrealized gain on commodities derivatives.
Well Performance Success: 4. Successful Well Performance: The C59 well achieved an impressive initial production rate of approximately 590 barrels of oil per day, exceeding expectations and indicating strong reservoir quality.
Lease Operating Expense Reduction: 5. Lower Lease Operating Expenses: Lease operating expenses decreased to approximately $33.3 million, a $3 million reduction from the previous quarter, attributed to ongoing optimization initiatives.
Negative
Production Decline: 1. Declining Production: Total production for Q3 2024 averaged approximately 19,000 BOE per day, a decrease of 1,300 BOE per day from the previous quarter.
Rising Interest Expenses: 2. Increased Interest Expense: The company incurred $3.8 million of interest expense in Q3 2024, up $0.2 million compared to the prior quarter.
Borrowing Base Reduction: 3. Reduced Borrowing Base: The borrowing base was reduced by $5 million during the semi-annual redetermination, indicating tighter liquidity conditions.
Increased Production Tax Impact: 4. Higher Production Taxes: Production taxes for Q3 2024 were $6 million, representing 8.8% of oil and gas revenue, which was higher than the prior quarter due to reclassification of expenses.
Capital Expenditure Increase: 5. Increased Capital Expenditure Guidance: Amplify expects total capital expenditures to be at or slightly above the high end of its annual guidance range of $60 million to $65 million, indicating potential overspending.
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AMPY Earning Call Sentiment
Amplify Energy Corp. (AMPY) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMPY.N
-0.52%Positive
The earnings call presents a mixed picture. While there are positive aspects such as improved leverage ratio, consistent free cash flow, and optimistic guidance for monetization opportunities, concerns exist around crude price volatility, production challenges, and unclear responses in the Q&A. The increase in net income is offset by increased debt and regulatory pressures. The strategic initiatives and hedging strategy provide stability, but the lack of clear guidance in some areas tempers optimism. Overall, the sentiment is neutral, with no strong catalysts for significant stock price movement in either direction.