Amplify Energy Business Summary

Amplify Energy Corp. (NYSE: AMPY) is an independent oil and natural gas company primarily engaged in the acquisition, development, and production of oil and natural gas properties in the United States. The company generates revenue through the sale of crude oil, natural gas, and natural gas liquids (NGLs), with a strategic focus on mature, low-decline assets that offer stable cash flow and significant optimization potential. Following the late 2025 divestiture of its East Texas and Oklahoma assets for approximately $220 million, Amplify has streamlined its operations to focus on its core high-margin properties: the Beta field in federal waters offshore Southern California and the Bairoil CO2 flood in Wyoming. Within the independent exploration and production (E&P) market, Amplify operates as a small-cap player specializing in secondary recovery and reservoir management, positioning itself alongside direct competitors such as Ring Energy, Inc., Gran Tierra Energy Inc., and Evolution Petroleum Corporation. Leadership is currently headed by Chief Executive Officer Daniel Furbee, who was elevated from Chief Operating Officer in July 2025 to lead the company’s strategic pivot toward an oil-weighted portfolio. He is supported by James Frew, who serves as President and Chief Financial Officer, and Eric M. Willis, the Senior Vice President and General Counsel. The executive team brings extensive pedigree from firms like Riviera Resources and Linn Energy. The board is chaired by Christopher W. Hamm, a veteran professional investor, and includes Lead Independent Director Clint Coghill, the founder of Backstop Solutions Group and Chief Investment Officer of Stoney Lonesome, which holds a significant stake in the company. As of February 2026, the company’s investor profile is further bolstered by notable institutional holdings from firms such as Thomist Capital, which recently reported a 7.8% ownership stake.