Filing Flows › Amplify Energy (AMPY) › Q4 2024
Amplify Energy (AMPY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Amplify Energy (AMPY) reported revenue of $69.0M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and -1% from the quarter before. Operating margin was -9.6%, net loss $7.4M (10.8% of revenue).
Amplify Energy, Q4 2024: revenue $69.0M (-13% year over year), operating margin -9.6%, net loss $7.4M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.0M | -1% | -13% |
| Operating profit | −$6.7M | — | — |
| Net earnings | −$7.4M | — | — |
| Operating cash flow | $12.5M | -21% | -56% |
What changed
Revenue was $69.0M in Q4 2024, down 13% year over year and down 1% from the previous quarter. Oil and Gas was the largest line at 97% of revenue.
Operating costs exceeded revenue by $6.7M, an operating margin of -9.6%. Total costs grew 220% against a revenue fall of 13%. The fastest-growing cost line was Other operating costs (+509%). The quarter ended with a net loss of $7.4M, after a profit of $22.7M the previous quarter. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was $12.5M (down 56% year over year). Non-cash charges added back $8.4M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $18.1M exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Amplify Energy's revenue in the fourth quarter 2024?
Amplify Energy (AMPY) reported revenue of $69.0M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and -1% from the quarter before.
Was Amplify Energy profitable in the fourth quarter 2024?
Operating loss was $6.7M (-9.6% of revenue) and net loss $7.4M.
Source: Amplify Energy 10-K on SEC EDGAR.