During the fourth quarter of 2023, the Company reported a net income of approximately $43.6M compared to a net loss of $13.4M in the prior quarter. The increase was primarily attributable to non-cash unrealized gains on commodity derivatives during the period. Amplify generated $25.2m of Adjusted EBITDA for the fourth quarter, an increase of approximately $5.7M from $19.5M in the prior quarter, principally due to lower lease operating expenses and slightly higher oil production…Free cash flow was $14.4m for the fourth quarter of 2023, an increase of 136% versus the prior quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMPY:
- Amplify Energy Corp. Unveils Optimistic 2024 Financial Outlook
- Amplify Energy Announces Fourth Quarter and Full-Year 2023 Results, Year-End 2023 Proved Reserves and Full-Year 2024 Guidance
- Is AMPY a Buy, Before Earnings?
- Amplify Energy Schedules Fourth Quarter 2023 Earnings Release and Conference Call
- Amplify Energy initiated with a Buy at Alliance Global Partners
