NYSE: AMPY Amplify Energy Corp. August 2025 Investor Presentation August 6, 2025
Robust, Low-Decline, Cash Generating Assets Asset Overview Asset Locator Map Diversified Production: 62/38 liquids and gas mix (46% oil) from 4 producing basins in different areas of the U.S. mitigates regional pricing and…
Key Highlights Divested non-operated Eagle Ford asset, which generated 23 MM in net proceeds Strategic Initiatives East Texas and Oklahoma monetization process currently underway Delivered 19 MM of Adjusted EBITDA in 2Q25, 86 MM…
Compelling Valuation with Additional Upside Key Points Proved Reserves Summary1,2 Proved reserve (1P) value at various flat pricing scenarios Net Total % PD PV-10 & PUD PV-201,6 is greater than Amplify's current enterprise value…
Low-Decline, Mature Producing Properties Key Points MY 2025 PD Production Forecast (MBoe/d)2 Amplifys legacy PD reserves base is expected to generate substantial free 25 cash flow over the next ten years and beyond1,2 20 Long-life…
Beta Development Program Grew Production Significantly Key Points Beta Production Growth1 New wells contributing 35% of total production 6,000 A 50 (D-Sand) well brought online in June 2024; gross oil IP-30 of 730 Bopd 5,500 C 59…
Beta Development (Contd) D-Sand Exceeding Beta Type Curve Key Points Beta D-Sand New Drills Exceeding Type Curve All 3 new D-Sand wells are exceeding the Beta type curve 175,000 C 54 well exhibiting the strongest results thus far…
Beta Development (Contd) Program Outperforming Key L48 Basins Key Points Recent Beta development demonstrates lower breakeven prices than any resource play in the lower 48 Beta development economics are enhanced due to minimal…
Beta Development (Contd) Significant Remaining Locations Identified Key Points Extensive Beta PUD Locations Identified 25 YE24 PUD locations identified with 144 million of PV101 PDP Wells Production value at 65 / 4.00 flat pricing…
Beta Development (Contd) Significant Future Potential Type Log Showing Primary Development Targets Key Points Based on current PDP projections and the PUD type curve, estimated cumulative recovery only 128 million Bbls of oil after…
Investment Highlights Strong Balance Sheet, Beta Development and Operational Efficiency Initiatives Drive Shareholder Value with Portfolio Optionality to Accelerate Value Enhancement Implied Mid-Year 2025 1P Equity Value…
Appendix NYSE: AMPY
Amplify Corporate ESG Profile Dramatically reducing GHG emissions by optimizing asset infrastructure Reduced Scope 1 GHG emissions 60% since 2018 Environmental No routine methane flaring Focus Performing platform electrification…
2025 Guidance and Details Updated Previous - FY 2025E Updated - FY 2025E Low High Low High Net Average Daily Production Oil (MBbls/d) 8.3 - 8.9 8.3 - 8.9 NGL (MBbls/d) 3.0 - 3.3 2.9 - 3.2 Natural Gas (MMcf/d) 45.0 - 50.0 43.0 - 48.0…
Beta Overview Federal Waters Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets Beta Key Stats Net Acres: 17,000 acres1 WI %: 100%1 Net Production: 3.9 MBoe/d2 Amplify…
Bairoil Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Amplify Leasehold Fremont Carbon Other Amplify Assets Bairoil Sweetwater Key Stats Net Acres: 7,000 acres1 WI %:…
East Texas / North Louisiana Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets ETX / NLA Key Stats Net Acres: 180,000 acres1 WI %: 56%1 Net Production: 6.4…
Oklahoma Overview Key Points Asset Locator Map 2Q25 Production (MBoe/d) MY 2025 1P Reserves (MMBoe) Other Amplify Assets Oklahoma Key Stats Net Acres: 95,000 acres1 WI %: 76%1 Net Production: 4.4 MBoe/d2 Liquids Mix:…
Solidified FCF Generation with Pricing Upside Key Points Oil Hedge Position1,2 Amplify maintains a robust hedge book to support our cash flow profile and provide downside protection in weak 75 - 80% commodity environments 60 -…
Crude Hedge Detail 2025-2028 Crude Hedge Breakdown Period Bal251 FY2026 FY2027 FY2028 Strip Pricing as of 7/31/2025 67.27 64.72 63.60 63.21 Swap Total Volumes (MBbl) 1,020 1,758 548 Daily Volumes (Bbl/d) 5,543 4,816 1,501 W.…
Natural Gas Hedge Detail 2025-2028 Natural Gas Hedge Breakdown Period Bal251 FY2026 FY2027 FY2028 Strip Pricing as of 7/31/2025 3.40 4.01 3.89 3.79 Swap Total Volumes (MMcf) 3,360 6,180 2,370 240 Daily Volumes (Mcf/d) 18,261 16,932…
Non-GAAP Reconciliations Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 June 30, 2025…
Non-GAAP Reconciliations (Contd) Twelve Months Twelve Months Twelve Months Three Months Three Months Three Months Three Months Ended Ended Ended Ended Ended Ended Ended December 31, 2024 December 31, 2023 December 31, 2022 June…
Non-GAAP Reconciliations (Contd) Three Months Twelve Months Ended Ended December 31, 2024 December 31, 2024 (Amounts in 000s) Revenue Payables in Suspense Oil and natural gas sales - 4,023 Other revenues - 4,829 Severance…
Non-GAAP Reconciliations (Contd) Reconciliation of Total G&A to Cash G&A Amplify defines cash G&A as general and administrative expense, less share-based compensation expense; acquisition and divestiture costs; bad debt expense; and…