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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 71,971 $ 121,777 $ 151,841 $ 233,210
Costs and expenses:        
Lease operating expense 34,903 33,285 67,863 66,205
Gathering, processing and transportation 5,149 7,281 10,751 15,291
Taxes other than income 5,205 8,623 10,498 16,176
Depreciation, depletion and amortization 7,072 5,864 12,880 11,499
General and administrative expense 7,778 8,628 16,292 16,399
Accretion of asset retirement obligations 1,975 1,749 3,917 3,469
Loss (gain) on commodity derivative instruments (3,798) 18,571 (18,957) 111,975
Pipeline incident loss 6,844 5,092 15,123 5,672
Other, net 253 406 279 441
Total costs and expenses 65,381 89,499 118,646 247,127
Operating income (loss) 6,590 32,278 33,195 (13,917)
Other income (expense):        
Interest expense, net (3,701) (3,084) (9,438) (5,525)
Litigation settlement (See Note 14)     84,875  
Other income (expense) 122 26 195 48
Total other income (expense) (3,579) (3,058) 75,632 (5,477)
Income (loss) before income taxes 3,011 29,220 108,827 (19,394)
Income tax (expense) benefit - current 6,853 0 (5,674) 0
Income tax (expense) benefit - deferred (48) 0 259,422 0
Net income (loss) 9,816 29,220 362,575 (19,394)
Allocation of net income (loss) to:        
Net income (loss) available to common stockholders 9,383 27,818 346,153 (19,394)
Net income (loss) allocated to participating securities 433 1,402 16,422 0
Net income (loss) available to Amplify Energy Corp. $ 9,816 $ 29,220 $ 362,575 $ (19,394)
Earnings (loss) per share: (See Note 9)        
Basic earnings (loss) per share $ 0.24 $ 0.73 $ 8.91 $ (0.51)
Diluted earnings (loss) per share $ 0.24 $ 0.73 $ 8.91 $ (0.51)
Weighted average common shares outstanding:        
Basic 38,971 38,330 38,833 38,256
Diluted 38,971 38,330 38,833 38,256
Oil and Natural Gas Sales [Member]        
Revenues:        
Total revenues $ 67,393 $ 112,878 $ 133,677 $ 206,750
Other Revenues [Member]        
Revenues:        
Total revenues $ 4,578 $ 8,899 $ 18,164 $ 26,460