Amplify Energy Corp (NYSE:AMPY) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 11:00 am ET

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Amplify Energy Corp (NYSE:AMPY) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Welcome to Amplify Energy's Third Quarter 2019 Investor Conference Call.

Amplify's operating and financial results were released earlier today and are available on Amplify's website at www.amplifyenergy.com. During this presentation, all participants will be in a listen-only mode. Today's call is being recorded. A replay of the call will be accessible until Wednesday, November 20, by dialing (855) 859-2056 and then entering conference ID 8498729 or by visiting Amplify's website, www.amplifyenergy.com.

I would now like to turn the conference over to Martyn Willsher, Senior Vice President and Chief Financial Officer of Amplify Energy Corp.

Executive
Martyn Willsher

Good morning, and welcome to the Amplify Energy conference call to discuss operating and financial results for the third quarter of 2019. We appreciate you joining us today. Ken Mariani, Amplify's President and Chief Executive Officer, will begin the call by updating our stakeholders on our merger integration effort and follow up with comments on our third quarter operating results. I will follow with an update on our return of capital programs and our third quarter financial results.

First, we would like to remind you that some of our remarks may contain forward-looking statements and are based on certain assumptions and expectations of Amplify's management team. These remarks reflect management's current views with regard to future events and are subject to various risks, uncertainties and assumptions.

Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this earnings call.

Forward-looking statements include, but are not limited to, our statements about and discussion of fourth quarter 2019 guidance. Please refer to our press release and SEC filings for a list of factors that may cause actual results to differ materially from those in the forward-looking statements made during this call.

In addition, the unaudited financial information that will be highlighted here is derived from our internal financial books, records and reports. For additional detailed disclosure, we encourage you to read our quarterly report on Form 10-Q, which we expect to file later today.

Also, non-GAAP financial measures may be disclosed during this call. Reconciliations of those measures to comparable GAAP measures may be found in our press release or on our website at www.amplifyenergy.com.

Please note that due to the closing date of the merger in early August, operational and financial results for Midstates in July were excluded from our consolidated third quarter GAAP financials. However, in order to provide our shareholders with a more complete picture of the third quarter results, unless specifically identified, the operational and financial results discussed on this call will be pro forma for the merger and will include the July results for Midstates as though the assets were consolidated for the full period of third quarter 2019.

With this in mind, I will now turn the call over to Ken Mariani. Ken?

Executive
Kenneth Mariani

Thank you, Martyn. I