Amplify Energy Corp. Completes East Texas Divestiture and Provides Financial Updates

Amplify Energy Corp. has announced the closing of its East Texas divestiture for approximately $122.0 million in cash, subject to customary post-closing adjustments. The company also provided an update on its previously announced divestiture of Oklahoma assets, which is expected to close by the end of 2025. Pro forma financial statements reflect the impact of these transactions, including adjustments to assets, liabilities, and operations for both the completed East Texas sale and the anticipated Oklahoma sale. The company reported a net loss of $20,443,000 for the nine months ended September 30, 2025, and a net income of $12,946,000 for the year ended December 31, 2024, with pro forma adjustments showing significant changes due to the divestitures. Amplify Energy Corp. is an independent oil company focused on operations in Oklahoma, Beta, and Bairoil.