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what it is
Amplify Energy pulls oil, gas, and natural gas liquids from U.S. fields.
how it gets paid
Last year Ampy made $263M in revenue.
why growth slowed
Revenue fell 10.6% last year. Sales jumped 211% from a weak base. Gross margin was 27.1%.
what just happened
Revenue hit $207M, but EPS was still -$0.51.
At a glance
C+ balance sheet — struggling to keep the lights on
10/100 earnings predictability — expect surprises
23.4x trailing p/e — priced about right
3.8% return on capital — nothing to write home about
$0.31 fy2024 eps est
xvary composite: 33/100 — weak
What they do
Amplify Energy pulls oil, gas, and natural gas liquids from U.S. fields.
AMPY does not win with a brand. It wins with 93.0 MMBoe of proved reserves, and 88% are already proved developed. That means you are paying for wells that already exist, not a big exploration dream.
How they make money
$263M
annual revenue · revenue declined -10.6% last year
total revenue
$263M
10.6%
The products that matter
produces and sells crude oil
Oil Sales
$176M · 67% of revenue mix
this is the center of gravity at $176M, and the 12% decline explains why the business feels weaker than the net margin headline.
main revenue stream
produces and sells natural gas
Natural Gas Sales
$66M · 25% of revenue mix
it's a $66M line, but it fell 8%. In plain English: there was no second engine covering for weaker oil revenue.
secondary driver
sells natural gas liquids
NGL Sales
$21M · 8% of revenue mix
at $21M and down 5%, this segment is too small to rescue the story if the larger hydrocarbon lines stay soft.
supporting revenue
Key numbers
32.9%
Op margin
Operating margin → profit after day-to-day costs → you keep 32.9 cents of every dollar before taxes.
$126M
Long debt
Long-term debt → money you owe → the stack equals 32% of capital.
1.7
Beta
Beta → how hard the stock swings → 1.7 means your shares move about 70% more than the market.
3.8%
ROC
Return on capital → profit on invested money → 3.8% says each dollar invested earns a thin spread.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $126M (32% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for AMPY right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $207M, but EPS was still -$0.51.
Sales jumped 211% from a weak base. Gross margin was 27.1%, so the problem is not the wells alone. The company still did not turn that top-line spike into profit.
$207M
revenue
$0.51
eps
27.1%
gross margin
the number that mattered
The $207M number matters because it was up 211% vs. prior year, but EPS still lost $0.51.
source: company earnings report, 2026
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What could go wrong
the #1 risk is earnings normalization after one-time gain help.
high
Earnings normalization
The trailing net margin is 15.8%, but the prior margin was 4.2%. If that gap closes because the gain does not repeat, the earnings story and the 23.4x trailing p/e both look less forgiving.
profitability could slide closer to the old 4.2% baseline than the current headline
high
Oil concentration
Oil sales are $176M, or 67% of the revenue mix. When your largest line fell 12% and gas fell 8% too, you are not diversifying your way out of trouble.
most of the business still rides one commodity-heavy revenue stream
med
Leadership turnover during drilling execution
The company announced a CEO transition and leadership changes in July 2025. That lands while management is asking the market to trust a 5–8 well drilling plan.
small operating plans get less forgiving when the people running them just changed
med
Balance sheet room is limited
Long-term debt is $126M, or 32% of capital, and the balance sheet grade is C+. That is not distress math, but it is also not the kind of buffer that makes weak quarters easy to ignore.
less room for operating misses if prices soften or wells disappoint
A business with $126M of debt, 67% revenue concentration in oil, and margins swinging from 4.2% to 15.8% does not get much room for disappointment.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
normalized margin
Keep one eye on whether net margin stays closer to 15.8% or falls back toward the old 4.2% baseline. That gap tells you whether the improvement was real or rented.
calendar
2026 drilling program
Management plans to drill 5–8 wells this year. If the program works, it needs to show up in steadier production and a profit profile that does not need one-time help.
trend
revenue direction
Annual revenue was $295M, but the trailing figure shown on this page is $263M. You want that gap closing, not becoming the new pattern.
risk
strategic update quality
The Mar 9, 2026 strategic initiatives and year-end 2025 reserves update matters only if it comes with operating proof. Cleaner language is not the same thing as cleaner cash generation.
Analyst rankings
earnings predictability
10 / 100
That puts AMPY near the bottom of the pack for consistency. in human-speak, analysts think this one is hard to model and easy to disappoint.
source: institutional data
Institutional activity
institutional ownership data for AMPY is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$7
current price
n/a
target midpoint · n/a from current
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