Amplify Energy Corp. Overview

Amplify Energy Corp. is a publicly traded company engaged in the exploration, development, and production of oil and natural gas resources. Below is a detailed summary of the company’s operations, financial performance, and other key information.

Business Activities

• Primary Operations: Amplify focuses on the production of oil and natural gas, primarily from its assets located in the Southern California region.
• Core Competencies: The company operates in both onshore and offshore environments, emphasizing the development of underutilized oil assets and implementing new technologies to enhance production efficiency.
• Market Position: Amplify Energy targets a diverse range of domestic and international markets, driven by the increasing demand for energy and sustainable practices within the oil and gas industry.

Metrics

• Number of Customers: Amplify Energy sells its oil and gas products to various refineries and traders, although specific customer count details are typically proprietary and not disclosed in filings.

• Number of Employees: As of the latest reports, the company has approximately estimated around 200-300 employees, two of which are its executive officers. Exact employee counts may vary based on operational changes and restructuring.

Financial Performance

• Revenue: For the fiscal year ended December 31, 2024, Amplify reported revenue of approximately $254 million. This number can fluctuate based on oil and gas market prices, production volumes, and operational efficiencies.

• Income: The net income for the same fiscal year is estimated to be around $12.9 million. This reflects the company's current operational state and market conditions that can affect profitability, such as fluctuations in oil prices and production costs.

Strategic Goals and Initiatives

• Expansion Plans: Amplify Energy aims to enhance its production capabilities and increase its market share through strategic acquisitions and partnerships.
• Sustainability: The company places a strong focus on sustainable environmental practices, with ongoing initiatives aimed at reducing carbon emissions and optimizing resource use.
• Technological Advancements: Implementing cutting-edge technology to optimize drilling and extraction processes, enhance safety measures, and reduce operational costs is a priority for the company.

Conclusion

Amplify Energy Corp. is positioning itself as a significant player in the oil and gas industry with a commitment to sustainable practices and operational excellence. Despite facing the challenges prevalent in the sector, such as price volatility and regulatory pressures, the company's ongoing initiatives and strategic focus may lead to future growth and profitability.