# Amplify Energy Corp. (AMPY)

> Source: Nexqual · https://nexqual.com/AMPY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Amplify Energy Corp. (AMPY), nexqual.com/AMPY" · informational, not investment advice.

**Price:** USD 4.43 (-1.34% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 4.49 · day 4.29–4.57 · 52w 3.65–6.79 · market cap $184M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $213M, net income $22.6M (10.6% margin) (SEC filings).
- Valuation: P/E 8.1x (avg 7.7x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold AMPY (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $99K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 7.75 (range 6.5–9).
- Total return with dividends: 1Y -6.7% vs S&P 500 +14.9%; 5Y +12.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.03, revenue estimate $43.7M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $343M | $458M | $308M | $295M | $263M | $213M |
| Gross profit | $322M | $429M | $287M | $276M | $246M | — |
| Operating income | -$25.6M | $72.0M | $76.2M | $30.4M | $76.9M | $42.3M |
| Net income | -$32.1M | $57.9M | $393M | $12.9M | $44.0M | $22.6M |
| EPS (diluted) | -$0.84 | $1.44 | $9.63 | $0.31 | $1.03 | — |
| Gross margin | 93.9% | 93.7% | 93.2% | 93.7% | 93.2% | — |
| Operating margin | -7.5% | 15.7% | 24.8% | 10.3% | 29.2% | 19.9% |
| Net margin | -9.4% | 12.6% | 127.7% | 4.4% | 16.7% | 10.6% |
| Revenue growth | +69.6% | +33.7% | -32.9% | -4.2% | -10.6% | — |
| Cash + short-term investments | $18.8M | $0K | $20.7M | $0K | $60.7M | — |
| Total debt | $230M | $190M | $115M | $127M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 8.1x · P/S 0.9x · P/B 0.4x · Earnings yield 12.32%
P/E at fiscal year-ends: Dec 2025 4.2x, Dec 2024 18.4x, Dec 2023 0.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold AMPY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Yacktman Asset Management |  | 0.01% | $816K | Reduced -2.4% |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $99K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-23 | Frew James | SEE REMARKS | 25,000 | $99K | 3.95 | Too little history (no open-market trades in 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 7.75 (low 6.5, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Benchmark | Target lowered | Buy | $11 → $9 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -6.7% | +12.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.8% | +2.3% |
| Volatility (annualized) | 53.4% | 62.1% |
| Max drawdown | -44.6% (Mar 2026→Jul 2026) | -76.4% (Feb 2023→Apr 2025) |

## Peers (Oil & Gas E&P)
TALO (Talos Energy, Inc.) USD 17.66 -2.27% · BSM (Black Stone Minerals, L.P.) USD 14.71 +0.82% · BTE (Baytex Energy Corp) USD 5.32 -1.48% · CRK (Comstock Resources, Inc.) USD 13.97 +1.45% · CRGY (Crescent Energy Company) USD 13.33 -1.26% · CRC (California Resources Corporatio) USD 52.96 -1.08%

## More
Full page: https://nexqual.com/AMPY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in AMPY's own 10-K filed 2026-03-09 (https://www.sec.gov/Archives/edgar/data/1533924/000110465926025299/ampy-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Ford (F) | "Further, these risks may be greater in the future following the completion of several divestiture transactions in 2025, including the sale of our non-operated Eagle Ford assets in July 2025, our East Texas/North Louisian…" |
| Partner | Gillespie and Associates | "Our internal professional staff works closely with CG&A to ensure the integrity, accuracy and timeliness of data that is furnished to them in order to prepare the reserves report." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Oil & Gas | $52.6M | 99.8% | -21.3% |
| Product & Service Other | $109,000 | 0.2% | -93.1% |
| Total revenue | $52.7M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 28%, 21% of revenue from unnamed direct customers (10-K, filed 2026-03-09).

## Company outlook (8-K filed 2026-08-10)

- "Based on the aforementioned changes in capital allocation, commodity prices and marketing conditions, Amplify is providing updated guidance for 2026."
- "Despite these changes, the Company's projected 2026 Adjusted EBITDA remains relatively unchanged from its previous guidance."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.03 | $0.10 | -76.2% | $43.7M | 2 |
| Next quarter (ends 2026-12-31) | $0.04 | $0.08 | -50.0% | $43.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.47 | $-0.67 | -30.6% | $169.4M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.43 | $0.92 | -53.3% | $179.2M | 1 |