The company has achieved a robust deleveraging profile, reducing total debt from $121.8 million in 2023Q4 to just $3.4 million in 2026Q1, resulting in a minimal debt-to-equity ratio of 0.01.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Total Current Assets | 85.27M | 130.59M | 71.78M | 98.18M | 99.24M | 125.78M | 56.84M | 52.59M | 45.98M | 106.69M | 123.89M | 145.8M | 273.13M | 192.6M | 83.44M | 48.11M | 28.15M | 12M |
| Cash & Short-Term Investments | 41.49M | 60.67M | 0 | 20.75M | 0 | 18.8M | 10.36M | 0 | 11.34M | 68.5M | 76.84M | 81.09M | 11.56M | 33.16M | 18.88M | 7.34M | 11.92M | 4.35M |
| Cash Only | 41.49M | 60.67M | 0 | 20.75M | 0 | 18.8M | 10.36M | 0 | 11.34M | 68.5M | 76.84M | 81.09M | 11.56M | 33.16M | 18.88M | 7.34M | 11.92M | 4.35M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 19.86M | 30.14M | 39.71M | 39.1M | 80.45M | 91.97M | 30.9M | 33.15M | 26.01M | 35.92M | 43.73M | 63.66M | 133.76M | 146.2M | 50.3M | 27.45M | 14.68M | 3.87M |
| Days Sales Outstanding | 47.03 | 41.77 | 49.19 | 46.39 | 64.05 | 97.89 | 55.8 | 43.9 | 46.3 | 58.24 | 20.1 | 71.68 | 74.54 | 103.86 | 70.93 | 46.77 | 59.98 | 46.71 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.94M | 762K | 0 | 0 | 126.71M | 12.54M | 8.35M | 5.71M | 1.17M | 1.11M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 21.75 | 1.94 | - | - | 127.43 | 13.9 | 19.54 | 143.58 | 38.52 | 50.08 |
| Other Current Assets | 23.93M | 39.79M | 32.06M | 38.34M | 18.79M | 0 | 0 | 6.2M | 8.62M | 2.27M | 3.33M | 1.04M | 127.81M | 13.23M | 11.72M | 0 | 0 | 0 |
| Total Non-Current Assets | 495.83M | 470.31M | 675.3M | 639.49M | 360.23M | 329.32M | 327.92M | 824.95M | 559.52M | 581.44M | 637.05M | 533.37M | 2.2B | 2.15B | 1.59B | 576.55M | 398.85M | 272.03M |
| Property, Plant & Equipment | 206.91M | 191.94M | 390.76M | 352.5M | 346.67M | 323M | 319.75M | 808.13M | 553.47M | 574.46M | 631.6M | 523.87M | 2.12B | 2.09B | 1.57B | 574.08M | 397.13M | 271.73M |
| Fixed Asset Turnover | 0.96x | 1.37x | 0.75x | 0.87x | 1.32x | 1.06x | 0.63x | 0.34x | 0.37x | 0.39x | 1.26x | 0.62x | 0.31x | 0.25x | 0.17x | 0.37x | 0.22x | 0.11x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 124.37M | 43.67M | 0 | 0 | 0 | 0 | 0 | 4.62M | 791K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.28M | 1.37M | 32.94M | 33.2M | 13.57M | 6.32M | 8.18M | 12.2M | 5.26M | 6.98M | 5.46M | 9.5M | 43.73M | 42.78M | 21.1M | 2.47M | 1.73M | 305K |
| Total Assets | 581.11M | 600.9M | 747.08M | 737.67M | 459.48M | 455.1M | 384.76M | 877.54M | 605.5M | 688.13M | 760.94M | 679.17M | 2.48B | 2.34B | 1.68B | 624.66M | 427M | 284.03M |
| Asset Turnover | 0.34x | 0.44x | 0.39x | 0.42x | 1.00x | 0.75x | 0.53x | 0.31x | 0.34x | 0.33x | 1.04x | 0.48x | 0.26x | 0.22x | 0.15x | 0.34x | 0.21x | 0.11x |
| Asset Growth % | -36.45% | -19.57% | 1.27% | 60.55% | 0.96% | 18.28% | -56.15% | 44.93% | -12.01% | -9.57% | 12.04% | -72.57% | 5.71% | 39.58% | 168.63% | 46.29% | 50.34% | - |
| Total Current Liabilities | 73.44M | 58.06M | 68.14M | 96.43M | 139.85M | 165.16M | 56.86M | 61.09M | 32.03M | 57.82M | 56.25M | 1.98B | 251.48M | 253.75M | 135.43M | 85.85M | 55.28M | 12.15M |
| Accounts Payable | 22.48M | 17.9M | 13.23M | 23.62M | 38.41M | 33.82M | 798K | 8.31M | 6.51M | 11.55M | 2.52M | 1.9M | 22.78M | 21.49M | 29.2M | 35.73M | 42.62M | 0 |
| Days Payables Outstanding | 71.95 | 34.1 | 262.08 | 45.75 | 75.9 | 72.5 | 1.6 | 15.3 | 20.4 | 29.34 | 5.41 | 2.35 | 22.91 | 23.83 | 68.28 | 898.01 | 1.4K | - |
| Short-Term Debt | 1.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.93M | 1.89B | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.81M | 37.69M | 2.54M | 1.27M | 4.23M | 196.08M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 49.9M | 6.61M | 1.38M | 33.46M | 22.71M | 54.16M | 11.25M | 876K | 5.7M | 39M | 38.75M | 83.3M | 65.74M | 36.16M | 7.63M | 12.62M | 12.66M | 12.15M |
| Current Ratio | 1.16x | 2.25x | 1.05x | 1.02x | 0.71x | 0.76x | 1.00x | 0.86x | 1.44x | 1.85x | 2.20x | 0.07x | 1.09x | 0.76x | 0.62x | 0.56x | 0.51x | 0.99x |
| Quick Ratio | 1.16x | 2.25x | 1.05x | 1.02x | 0.71x | 0.76x | 1.00x | 0.86x | 1.22x | 1.83x | 2.20x | 0.07x | 0.58x | 0.71x | 0.55x | 0.49x | 0.49x | 0.90x |
| Cash Conversion Cycle | -24.93 | - | - | - | - | - | - | - | 47.64 | 30.83 | - | - | 179.06 | 93.94 | 22.18 | -707.66 | -1.3K | - |
| Total Non-Current Liabilities | 87.1M | 84.12M | 270.03M | 250.21M | 324.19M | 354.78M | 361.63M | 382.24M | 31.79M | 144.72M | 142.87M | 20.67M | 1.76B | 1.75B | 898.98M | 253.3M | 115.85M | 36.55M |
| Long-Term Debt | 0 | 0 | 127M | 115M | 190M | 230M | 260.52M | 285M | 23.06M | 128.06M | 128.06M | 0 | 1.74B | 1.7B | 694M | 234.8M | 89.6M | 29.8M |
| Capital Lease Obligations | 11.16M | 2.57M | 3.68M | 5.09M | 6.57M | 2.02M | 266K | 2.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.86M | 15.29M | 184.6M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 84.76M | 81.55M | 139.34M | 130.12M | 127.62M | 122.76M | 100.85M | 94.52M | 8.73M | 16.66M | 14.81M | 20.67M | -5.31M | 31.91M | 20.38M | 18.5M | 26.25M | 6.75M |
| Total Liabilities | 160.54M | 142.18M | 338.16M | 346.64M | 464.04M | 519.94M | 418.5M | 443.33M | 63.82M | 202.54M | 199.13M | 2.01B | 2.01B | 2B | 1.03B | 339.15M | 171.13M | 48.7M |
| Total Debt | 3.4M | 3.75M | 132.47M | 121.83M | 197.97M | 232.79M | 263.04M | 289.43M | 23.06M | 128.06M | 128.06M | 1.9B | 1.74B | 1.7B | 694M | 234.8M | 89.6M | 29.8M |
| Net Debt | -38.08M | -56.91M | 132.47M | 101.08M | 197.97M | 214M | 252.68M | 289.43M | 11.72M | 59.56M | 51.22M | 1.82B | 1.72B | 1.67B | 675.12M | 227.46M | 77.68M | 25.45M |
| Debt / Equity | 0.01x | 0.01x | 0.32x | 0.31x | - | - | - | 0.67x | 0.04x | 0.26x | 0.23x | - | 3.67x | 4.91x | 1.07x | 0.82x | 0.35x | 0.13x |
| Debt / EBITDA | 0.35x | 0.14x | 2.10x | 1.09x | 2.06x | 94.67x | - | 6.60x | 0.20x | - | 0.38x | - | 3.27x | - | 4.75x | 2.13x | 3.42x | 49.26x |
| Net Debt / EBITDA | -3.95x | -2.07x | 2.10x | 0.90x | 2.06x | 87.03x | - | 6.60x | 0.10x | - | 0.15x | - | 3.25x | - | 4.62x | 2.06x | 2.97x | 42.06x |
| Interest Coverage | 5.88x | 4.91x | 2.05x | 9.11x | 5.11x | -1.65x | -21.61x | -1.09x | 12.06x | -14.21x | -3.00x | -9.23x | 1.90x | -4.90x | 1.60x | 8.95x | - | - |
| Total Equity | 420.57M | 458.72M | 408.91M | 391.04M | -4.57M | -64.84M | -33.74M | 434.21M | 541.68M | 485.59M | 561.81M | -1.33B | 472.67M | 346.25M | 649.29M | 285.5M | 255.88M | 235.33M |
| Equity Growth % | 16.71% | 12.18% | 4.57% | 8665.96% | 92.96% | -92.2% | -107.77% | -19.84% | 11.55% | -13.57% | 142.39% | -380.37% | 36.51% | -46.67% | 127.42% | 11.58% | 8.73% | - |
| Book Value per Share | 10.22 | 11.36 | 10.31 | 10.04 | -0.12 | -1.71 | -0.90 | 14.82 | 21.38 | 19.33 | 22.48 | -171.53 | 71.14 | 52.65 | 108.25 | 26.82 | 24.04 | 22.11 |
| Total Shareholders' Equity | 420.57M | 458.72M | 408.91M | 391.04M | -4.57M | -64.84M | -33.74M | 434.21M | 541.68M | 485.59M | 561.81M | -1.33B | 465.86M | 340M | 643.58M | 285.5M | 255.88M | 235.33M |
| Common Stock | 413K | 407K | 399K | 393K | 386K | 382K | 378K | 209K | 255K | 253K | 250K | 110K | 704K | 689K | 666K | 0 | 0 | 0 |
| Retained Earnings | -25.62M | 12.5M | -31.47M | -44.45M | -437.2M | -495.08M | -463.01M | 4.81M | -25.36M | -75.15M | 9.93M | -2.21B | -414.15M | -531.08M | -187.09M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.46M | -1.6M | 0 | -3.08M | -2.59M | -664K | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -266.2M | -204.42M | -12.97M | -3.16B | -1.33B | -976.88M | -274.29M | -148.84M | -57.14M | -15.32M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 848K | 6.81M | 6.26M | 5.71M | 0 | 0 | 0 |
Regulatory and decommissioning liabilities
According to recent SEC filings, Amplify Energy has aggressively reduced its total debt from $121.8 million in 2023Q4 to just $3.4 million by 2026Q1, resulting in a negligible debt-to-equity ratio of 0.01% that significantly lowers the company's immediate interest expense and refinancing risk profile.
The rapid paydown of debt appears to be a strategic pivot to insulate the balance sheet from commodity price volatility and high interest rates. While this de-risking is commendable, investors should monitor whether this capital allocation strategy limits the company's ability to fund necessary maintenance on aging offshore assets.
As reported in financial statements, the company's liquidity position has fluctuated significantly, with cash reserves dropping from $60.7 million in 2025Q4 to $41.5 million in 2026Q1, while the current ratio remains tight at 1.16, suggesting limited room for error in managing operational cash outflows.
The inconsistency in cash balances indicates that liquidity is highly sensitive to the timing of production sales and hedging settlements. This volatility warrants further investigation into whether the current cash buffer is sufficient to cover unexpected regulatory compliance costs or emergency maintenance on offshore infrastructure.
Based on the company's reported figures, total assets have declined from $737.7 million in 2023Q4 to $581.1 million in 2026Q1, a trend that appears to reflect the ongoing depletion of mature oil and gas reserves and the lack of significant new capital investment in property, plant, and equipment.
The reduction in asset value suggests that the company is currently in a harvest mode rather than a growth phase. The absence of goodwill on the balance sheet is a positive indicator of accounting conservatism, though it also highlights the lack of inorganic expansion in the company's recent history.
While the balance sheet appears clean with minimal debt, investors should note that the reported figures may not fully capture the substantial future asset retirement obligations, which, based on industry standards for offshore operators, could represent a significant long-term liability not explicitly detailed in current equity.
The market's focus on the low debt-to-equity ratio may be masking the 'synthetic debt' represented by the eventual cost of decommissioning the Beta Field. This potential liability warrants further investigation, as regulatory tightening in California could force an acceleration of these costs, impacting future cash flow availability.
Quick answers to the most common questions about buying AMPY stock.
As of 2025, Amplify Energy Corp. (AMPY) had total assets of $600.9M including $130.6M in current assets.
Amplify Energy Corp. (AMPY) carries total debt of $3.8M, offset by $60.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Amplify Energy Corp. (AMPY) has total shareholders' equity (book value) of $458.7M ($11.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Amplify Energy Corp. (AMPY) reported a current ratio of 2.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.