For the second quarter of FY2023, ending June 30 2023, AMPLIFY ENERGY ($NYSE:AMPY) reported total revenue of USD 72.0 million, representing a 40.9% decrease compared to the same period a year ago. Net income for the quarter was reported at USD 9.8 million, a 66.4% decline year over year. The earnings results were released on August 8 2023.
AMPLIFY ENERGY reported their second quarter earnings results for fiscal year 2023 on Tuesday. The stock opened at $7.4 and closed at $7.6, a 0.1% decrease from the previous closing price of $7.6. Despite the slight dip, investors responded positively to the news of AMPLIFY ENERGY’s earnings report, which reported an increase in total revenue for the quarter. Overall, investors are confident in AMPLIFY ENERGY’s future prospects and have expressed their belief that the company is on the right track for continued success.
As the company continues to expand their product offerings, investors anticipate strong future earnings as well. With AMPLIFY ENERGY’s commitment to providing reliable and clean energy solutions, investors are optimistic for even greater returns in the near future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Amplify Energy. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amplify Energy. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Amplify Energy are shown below. More…
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Our Risk Rating system shows that AMPLIFY ENERGY is a medium risk investment from both financial and business perspectives. If you are looking for deeper insights, GoodWhale has detected two risk warnings in the income sheet and balance sheet. Sign up with us to get the full analysis of AMPLIFY ENERGY’s fundamentals and gain access to our comprehensive range of features. More…
Risk Rating Analysis
Star Chart Analysis
Amplify Energy Corp is an oil and gas company that operates in the United States, Canada, and Egypt. The company is engaged in the exploration, development, and production of oil and natural gas. Amplify Energy Corp has a market capitalization of $1.21 billion. The company’s competitors include Carbon Energy Corp, Black Dragon Resource Companies Inc, and Harvest Oil & Gas Corp.
– Carbon Energy Corp ($OTCPK:CRBO)
Carbon Energy Corp is a coal company that operates in the United States, Australia, and China. The company has a market cap of 20.76k as of 2022 and a Return on Equity of -36.04%. Carbon Energy Corp is engaged in the business of mining, processing, and selling coal. The company’s operations are primarily focused on the production of thermal coal, which is used to generate electricity. Carbon Energy Corp also produces metallurgical coal, which is used in the steel-making process.
– Black Dragon Resource Companies Inc ($OTCPK:BDGR)
Harvest Oil & Gas Corp is a publicly traded company with a market cap of 4.18M as of 2022. The company has a Return on Equity of -32.37%. The company is engaged in the exploration, production, and development of oil and natural gas properties.
Investors should take a closer look at Amplify Energy‘s second quarter FY2023 performance. While overall revenue was down 40.9% year-over-year, net income declined even more significantly by 66.4%. This indicates that Amplify Energy is still facing economic headwinds, and investors should weigh their options before investing in the company.
Despite the bleak outlook, Amplify Energy is worth considering as it may experience a rapid turnaround in the near future. Investors should consider the company’s long-term prospects and make sure to perform due diligence before investing.