Amplify Expands with Juniper Acquisition in Rocky Mountains

Amplify Energy Corp., an independent oil and natural gas company, has released a detailed presentation outlining the benefits of its agreement to acquire Juniper Capital's upstream Rocky Mountain portfolio companies. The acquisition promises to significantly enhance Amplify's financial metrics and operational scale. Key projections include a rise in free cash flow per share from $0.50 to over $0.70 in 2025, and an 89% increase in total proved reserve value from $688 million to $1.3 billion. The integration of the new Rockies asset base will afford Amplify greater portfolio flexibility, with opportunities for organic growth and substantial operating synergies. Adjusted EBITDA per barrel of oil equivalent is anticipated to increase by 40%, while general and administrative costs per barrel will decrease by more than 20% due to economies of scale. This deal, which Amplify’s Board has deemed in the best interest of shareholders, is subject to approval at a special shareholder meeting in April 2025. Shareholders have been encouraged to vote in favor of the merger proposals to ensure completion of the transaction. Amplify's strategic acquisition aims to bolster shareholder value through increased liquidity, flexibility, and reduced leverage, augmented by potential refinancing. Forward-looking statements caution potential risks and highlight necessary SEC filings for investor awareness.