Amplify Energy: Fourth Quarter Earnings Overview

Amplify Energy Corp. Announces Fourth Quarter Financial Results

Amplify Energy Corp., headquartered in Houston, revealed a net profit of $64.4 million for the fourth quarter, marking a turnaround from a loss in the same timeframe last year.

The company reported earnings of $1.50 per share. When excluding one-time gains, the adjusted loss was 24 cents per share.

During the quarter, Amplify Energy generated $56.6 million in revenue from its oil and gas operations.

Since the start of the year, Amplify Energy's stock price has climbed by 29%. By the close of trading on Monday, shares reached $5.88, reflecting a 55% rise over the past year.