Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Investor Presentation (August 2025)
28 slides from Amplify Energy's investor presentation, Aug 6, 2025
Slide 1: Amplify Energy Corp. August 2025 Investor Presentation
NYSE: AMPY Amplify Energy Corp. August 2025 Investor Presentation August 6, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in th
Slide 3: Non-GAAP Disclosure / Oil and Gas Reserves
Non-GAAP Disclosure / Oil and Gas Reserves Use of Non-GAAP Financial Measures. Amplify uses the non-GAAP financial measures of Adjusted EBITDA, free cash flow, net debt, PV-10/20 and cash G&A. The accompanying schedules include the non-GAAP financial measures of Adjusted EBITDA, free cash flow, net
Slide 4: Robust, Low-Decline, Cash Generating Assets
Robust, Low-Decline, Cash Generating Assets Asset Overview Asset Locator Map ▪ Diversified Production: 62/38 liquids and gas mix (~46% oil) from 4 producing basins in different areas of the U.S. mitigates regional pricing and operational disruptions1 2 ▪ Long-Life Reserves: Legacy assets consist of
Slide 5: Key Highlights
Key Highlights ▪ Divested non-operated Eagle Ford asset, which generated $23 MM in net proceeds Strategic Initiatives ▪ East Texas and Oklahoma monetization process currently underway ▪ Delivered ~$19 MM of Adjusted EBITDA in 2Q25, ~$86 MM LTM Focused Operational ▪ Expanding Magnify Energy Services
Slide 6: Compelling Valuation with Additional Upside
Compelling Valuation with Additional Upside Key Points Proved Reserves Summary1,2 ▪ Proved reserve (1P) value at various flat pricing scenarios Net Total % PD PV-10 & PUD PV-201,6 is greater than Amplify's current enterprise value Category (MMBoe)1,2 Liquids1,2 $60 / $3.50 $65 / $4.00 $75 / $4.00 ▪
Slide 7: Low-Decline, Mature Producing Properties
Low-Decline, Mature Producing Properties Key Points MY 2025 PD Production Forecast (MBoe/d)2 ▪ Amplify’s legacy PD reserves base is expected to generate substantial free 25 cash flow over the next ten years and beyond1,2 20 ▪ Long-life PD reserves with ~5% 15 compound annual decline rate through 203
Slide 8: Beta Development Program Grew Production Significantly
Beta Development Program Grew Production Significantly Key Points Beta Production Growth1 ▪ New wells contributing ~35% of total production 6,000 – A 50 (D-Sand) well brought online in June 2024; gross oil IP-30 of 730 Bopd 5,500 – C 59 (D-Sand) well completed in October 2024; gross oil IP-30 of 590
Slide 9: Beta Development: D-Sand Exceeding Beta Type Curve
Beta Development (Cont’d) D-Sand Exceeding Beta Type Curve Key Points Beta D-Sand New Drills Exceeding Type Curve ▪ All 3 new D-Sand wells are exceeding the Beta type curve 175,000 ▪ C 54 well exhibiting the strongest results thus far 150,000 2 ▪ C 59 trending up after workover to lower ESP 125,000
Slide 10: Beta Development: Program Outperforming Key L48 Basins
Beta Development (Cont’d) Program Outperforming Key L48 Basins Key Points ▪ Recent Beta development demonstrates lower breakeven prices than any resource play in the lower 48 ▪ Beta development economics are enhanced due to minimal incremental operating costs for each new well drilled and relatively
Slide 11: Beta Development: Significant Remaining Locations Identified
Beta Development (Cont’d) Significant Remaining Locations Identified Key Points Extensive Beta PUD Locations Identified ▪ 25 YE24 PUD locations identified with $144 million of PV101 PDP Wells Production value at $65 / $4.00 flat pricing Drainage Radius, ft ▪ PUD locations consist of 21 D-Sand, 3 F-S
Slide 12: Beta Development: Significant Future Potential
Beta Development (Cont’d) Significant Future Potential Type Log Showing Primary Development Targets Key Points ▪ Based on current PDP projections and the PUD type curve, estimated cumulative recovery only ~128 million Bbls of oil after the development of 25 PUDs ▪ Multiple OOIP studies have been per
Slide 13: Investment Highlights
Investment Highlights Strong Balance Sheet, Beta Development and Operational Efficiency Initiatives Drive Shareholder Value with Portfolio Optionality to Accelerate Value Enhancement Implied Mid-Year 2025 1P Equity Value Represents a ~147% Premium to Current Share Price1,2,3 Sustainable FCF Profile
Slide 14: Appendix
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Slide 15: Amplify Corporate ESG Profile
Amplify Corporate ESG Profile ▪ Dramatically reducing GHG emissions by optimizing asset infrastructure − Reduced Scope 1 GHG emissions ~60% since 2018 Environmental ▪ No routine methane flaring Focus ▪ Performing platform electrification and other emissions reducing projects at Beta ▪ Comprehensive
Slide 16: 2025 Guidance and Details – Updated
2025 Guidance and Details – Updated Previous - FY 2025E Updated - FY 2025E Low High Low High Net Average Daily Production Oil (MBbls/d) 8.3 - 8.9 8.3 - 8.9 NGL (MBbls/d) 3.0 - 3.3 2.9 - 3.2 Natural Gas (MMcf/d) 45.0 - 50.0 43.0 - 48.0 Total (MBoe/d) 19.0 - 20.5 18.5 - 20.0 Commodity Price Differenti
Slide 17: Beta Overview
Beta Overview Federal Waters Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets Beta Key Stats ▪ Net Acres: ~17,000 acres1 ‒ WI %: 100%1 ▪ Net Production: 3.9 MBoe/d2 Amplify Leasehold ▪ Oil Mix: 100%2 Beta Field ▪ 1P Reserves: 17.4 MMBoe3,4 Platfo
Slide 18: Bairoil Overview
Bairoil Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Amplify Leasehold Fremont Carbon Other Amplify Assets Bairoil Sweetwater Key Stats ▪ Net Acres: ~7,000 acres1 ‒ WI %: 100%1 ▪ Net Production: 3.1 MBoe/d2 ▪ Oil Mix: 100%2 ▪ 1P Reserves: 11.7 MMBoe3,4 ▪
Slide 19: East Texas / North Louisiana Overview
East Texas / North Louisiana Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets ETX / NLA Key Stats ▪ Net Acres: ~180,000 acres1 ‒ WI %: ~56%1 ▪ Net Production: 6.4 MBoe/d2 ▪ Liquids Mix: 32%2 ▪ 1P Reserves: 35.3 MMBoe3,4 ▪ 1P R/P: ~15 yea
Slide 20: Oklahoma Overview
Oklahoma Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets Oklahoma Key Stats ▪ Net Acres: ~95,000 acres1 ‒ WI %: ~76%1 ▪ Net Production: 4.4 MBoe/d2 ▪ Liquids Mix: 46%2 ▪ 1P Reserves: 29.9 MMBoe3,4 ▪ 1P R/P: ~19 years3,5 Key Highlights ▪
Slide 21: Solidified FCF Generation with Pricing Upside
Solidified FCF Generation with Pricing Upside Key Points Oil Hedge Position1,2 ▪ Amplify maintains a robust hedge book to support our cash flow profile and provide downside protection in weak 75 - 80% commodity environments 60 - 70% ▪ Recently, the Company added to its hedge position, further protec
Slide 22: Crude Hedge Detail
Crude Hedge Detail 2025-2028 Crude Hedge Breakdown Period Bal251 FY2026 FY2027 FY2028 Strip Pricing as of 7/31/2025 $67.27 $64.72 $63.60 $63.21 Swap Total Volumes (MBbl) 1,020 1,758 548 – Daily Volumes (Bbl/d) 5,543 4,816 1,501 – W. Avg. Fixed Price ($/Bbl) $70.32 $65.77 $62.57 – Traditional Collar
Slide 23: Natural Gas Hedge Detail
Natural Gas Hedge Detail 2025-2028 Natural Gas Hedge Breakdown Period Bal251 FY2026 FY2027 FY2028 Strip Pricing as of 7/31/2025 $3.40 $4.01 $3.89 $3.79 Swap Total Volumes (MMcf) 3,360 6,180 2,370 240 Daily Volumes (Mcf/d) 18,261 16,932 6,493 656 W. Avg. Fixed Price ($/MMBtu) $3.75 $3.80 $3.96 $3.86
Slide 24: Non-GAAP Reconciliations
Non-GAAP Reconciliations Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 (Amounts in $000s)
Slide 25: Non-GAAP Reconciliations (Cont’d)
Non-GAAP Reconciliations (Cont’d) Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 (Amounts i
Slide 26: Non-GAAP Reconciliations (Cont’d)
Non-GAAP Reconciliations (Cont’d) Three Months Twelve Months Ended Ended December 31, 2024 December 31, 2024 (Amounts in $000s) Revenue Payables in Suspense Oil and natural gas sales $ - $ 4,023 Other revenues - 4,829 Severance tax and other deducts - (433) Total net revenue $ - $ 8,419 Production v
Slide 27: Reconciliation of Total G&A to Cash G&A
Non-GAAP Reconciliations (Cont’d) Reconciliation of Total G&A to Cash G&A Amplify defines cash G&A as general and administrative expense, less share-based compensation expense; acquisition and divestiture costs; bad debt expense; and severance payments. Cash G&A is an important non-GAAP financial me
Slide 28: NYSE: AMPY
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