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Amplify Energy Holdings LLC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 5, 2019. Its latest SEC filing is a 15-12B from Aug 6, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Produces and sells oil and natural gas from properties in the Rockies, offshore Southern California, East Texas / North Louisiana and South Texas to oil and gas purchasers.

How Did They Make Money?

Sells oil, natural gas and natural gas liquids at prices tied to market quotes, and invoices purchasers after each delivery.

FY2018 revenue

Who Were Their Customers?

Oil and gas purchasers buy production under sales agreements, most of which renew month to month.

Customers above 10% of revenue, FY2018
of revenue from three customers (27%, 21%, 10%)
FY2016: 49% from three customers

Did Revenues Turn Into Profits?

Yes. It kept 16 cents of every revenue dollar as net income in FY2018.

Operating income, FY2018
24% of revenue
Net income, FY2018
16% of revenue

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Jun 30, 2019
Revenue
▼ −35%
vs $91M in Q2 FY2018
Net income
▲ Now profitable
vs −$25.3M in Q2 FY2018
  • Aug 5, 2019 Amplify and Midstates shareholders approved their merger Both companies' shareholders approved the merger, which was expected to close before markets opened on August 6.
  • May 6, 2019 Amplify agreed to merge with Midstates in an all-stock transaction Each company's shareholders were set to own 50% of the combined company.

Shrank. Revenue fell 40% in 4 years, from $566M in FY2014 to $340.1M in FY2018, about 12% a year.

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