Amplify Energy: Q1 Earnings Snapshot

Associated Press Finance
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HOUSTON (AP) — HOUSTON (AP) — Amplify Energy Corp. (AMPY) on Wednesday reported first-quarter net income of $336.4 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had profit of $8.69 per share. Losses, adjusted for pretax gains and non-recurring gains, were 6 cents per share.

The oil and gas company posted revenue of $79.9 million in the period.

Amplify Energy shares have dropped 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.46, a drop of roughly 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMPY at https://www.zacks.com/ap/AMPY

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