1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC President William J Scarff had 17,884 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC Former SVP, Corp. Development Gregory M Robbins had 9,282 shares withheld for taxes on vesting stock.
1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC Former SVP, Compliance&Admin. Kyle N Roane had 9,530 shares withheld for taxes on vesting stock.
1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC VP, Gen Counsel & Corp Sec. Jason M. Childress had 2,545 shares withheld for taxes on vesting stock.
1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC CEO and Chairman John A Weinzierl had 39,112 shares withheld for taxes on vesting stock.
1 June 2016director interest notice● Neutral
Amplify Energy Holdings LLC VP & Chief Financial Officer Robert L. Stillwell Jr. had 6,512 shares withheld for taxes on vesting stock.
25 May 2016material agreement▼ BadMajor
On May 25, 2016 the partnership signed an equity distribution agreement with UBS Securities and FBR Capital Markets letting it sell common units from time to time, up to $60 million in total, at market prices on Nasdaq. Any sales would issue new units and so dilute existing holders. The filing does not say how many units will be sold or what the proceeds will be used for, only that proceeds could go toward the revolver. It also adds a risk factor warning unitholders may owe tax on income, including cancelled-debt income, without receiving cash.
25 May 2016securities registration● Neutral
Amplify Energy Holdings LLC filed a prospectus supplement for an offering off its existing shelf.
4 May 2016quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $38.1 million for the period ended 2016-03-31.
4 May 2016quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $38.1 million for the period ended 2016-03-31.
2 May 2016material agreement▲ GoodMajor
On April 27, 2016 the partnership agreed to buy Memorial Production Partners GP LLC, its general partner, from Memorial Resources Development Corp. for $750,000, and to buy the other 50% of the incentive distribution rights from NGP MEMP IDR Holdco LLC. On closing the incentive distribution rights are cancelled, the general partner interest becomes non-economic, and unitholders elect the general partner's board starting with a 2017 annual meeting. Closing is expected by end of Q2 2016 (either side can terminate if not closed by July 31, 2016); the press release says it is funded on the revolver and the omnibus agreement with Memorial Resource ends, resolving the long-running dependence on Memorial Resource.
24 Feb 2016quarterly activities report● Neutral
Amplify Energy Holdings LLC reported a quarterly net income of $72.9 million for the period ended 2015-12-31.
5 Nov 2015material agreement● NeutralMajor
On Nov 3, 2015 the partnership completed the purchase of additional interests in the Beta offshore Southern California properties from SP Beta Holdings, LLC and affiliates for about $100.8 million, funded initially with revolver borrowings. This adds to its existing Beta stake (51.75% as previously recorded); the filing does not state the resulting percentage and the added revolver debt is not quantified beyond the purchase price.
4 Nov 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $192.1 million for the period ended 2015-09-30.
4 Nov 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $192.1 million for the period ended 2015-09-30.
5 Aug 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $113.9 million for the period ended 2015-06-30.
5 Aug 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $113.9 million for the period ended 2015-06-30.
8 May 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $162.8 million for the period ended 2015-03-31.
6 May 2015quarterly activities report▼ Bad
Amplify Energy Holdings LLC reported a quarterly net loss of $162.8 million for the period ended 2015-03-31.
4 May 2015securities registration● Neutral
Amplify Energy Holdings LLC filed the final prospectus for a registered offering.
21 Apr 2015substantial holder notice● Neutral
MRD Holdco LLC, Natural Gas Partners VIII, L.P, Natural Gas Partners IX, L.P, NGP IX Offshore Holdings, L.P, G.F.W. Energy VIII, L.P, GFW VIII, L.L.C, G.F.W. Energy IX, L.P, GFW IX, L.L.C, NGP Energy Capital Management, L.L.C, Memorial Production Partners GP LLC reported a Amplify Energy Holdings LLC shareholding of 310,192 shares (0.40% of votes) in a periodic institutional filing.
21 Apr 2015business combination● Neutral
On April 21, 2015 the partnership and its finance subsidiary filed a registration statement to swap up to $500 million of its 6.875% senior notes due 2022, issued July 17, 2014, for identical notes registered with the SEC. The new notes have the same terms but are freely tradable and carry no extra-interest provision. This is the exchange offer promised within 365 days of the July 2014 issuance; the offer is not yet effective and no expiry date is set.
13 Apr 2015securities registration● Neutral
Amplify Energy Holdings LLC filed a prospectus supplement for an offering off its existing shelf.
13 Apr 2015material agreement● Neutral
On April 9, 2015 MRD Holdco LLC (the Memorial Resource affiliate) priced a sale of 4,661,663 of its own common units at $16.60 each, with a 30-day option for 699,249 more, expected to close April 14. The partnership receives no proceeds; this is a sale by an existing holder, not new units, and continues the thread about Memorial Resource's remaining holdings. The price is below the $22.25 and $22.29 paid in the 2014 offerings.
8 Apr 2015securities registration● Neutral
Amplify Energy Holdings LLC filed a prospectus supplement for an offering off its existing shelf.
25 Feb 2015quarterly activities report● Neutral
Amplify Energy Holdings LLC reported a quarterly net income of $159.0 million for the period ended 2014-12-31.
18 Dec 2014debt financing▲ GoodMajor
On Dec 17, 2014 the partnership signed a ninth amendment to its revolving credit agreement allowing it to buy back up to $150.0 million of its own common units and senior notes. On Dec 18 its general partner's board authorized a repurchase program of up to $150.0 million of common units; the partnership is not obliged to buy any amount and can stop at any time. This follows the 2014 unit issuances that diluted holders; here the company says it may buy units back instead, and the CEO says it is confident of maintaining distributions.
5 Nov 2014quarterly activities report● Neutral
Amplify Energy Holdings LLC reported a quarterly net income of $101.2 million for the period ended 2014-09-30.
5 Nov 2014quarterly activities report● Neutral
Amplify Energy Holdings LLC reported a quarterly net income of $101.2 million for the period ended 2014-09-30.
24 Oct 2014securities registration● Neutral
Amplify Energy Holdings LLC amended its automatic shelf registration statement.