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Amplify Energy shares rise 1.02% premarket after announcing strategic initiatives and CEO transition.
ByAinvest
Wednesday, Jul 23, 2025 4:58 am ET1min read
Amplify Energy Corp. rose 1.02% in premarket trading, with the company announcing a strategic update and changes to its executive leadership team. The company is committed to simplifying its portfolio, focusing on the most attractive investment opportunities, and creating value for shareholders. Amplify intends to become more oil-weighted, reduce debt, lower operating costs, and streamline the organization. Additionally, the company has engaged TenOaks Energy Advisors to explore market interest for the complete divestiture of its assets in East Texas and Oklahoma.
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