Business Context and Reporting Period
This Form 8-K was filed by Amplify Energy Corp. on August 29, 2019. The filing addresses the completion of a business combination (the "Merger") with Amplify Energy Holdings, LLC ("Legacy Amplify"), which was finalized on August 6, 2019. The registrant, formerly known as Midstates Petroleum Company, Inc., is incorporated in Delaware and trades on the New York Stock Exchange under the symbol AMPY.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references the inclusion of unaudited pro forma condensed combined financial statements as Exhibit 99.1. These statements cover:
- A pro forma balance sheet as of June 30, 2019, giving effect to the Merger as if completed on that date.
- A pro forma statement of earnings for the year ended December 31, 2018, and the six months ended June 30, 2019, giving effect to the Merger as if completed on January 1, 2018.
Material Changes
The primary material change reported is the consummation of the Merger with Legacy Amplify. This transaction alters the company's corporate structure and financial reporting basis, necessitating the preparation of pro forma financial data to reflect the combined entity's historical performance and financial position.
Guidance, Outlook, and Management Commentary
Management indicates that the pro forma financial statements are being filed in connection with the Company's planned filing of a Registration Statement on Form S-3. The filing does not contain specific forward-looking guidance, risk factors, or commentary on future operational outlook beyond the context of the completed merger and the upcoming S-3 filing.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific unaudited pro forma condensed combined financial statements referenced in this filing.
- Verify the terms of the Agreement and Plan of Merger dated May 5, 2019, to understand the transaction mechanics.
- Monitor the subsequent filing of the Registration Statement on Form S-3 for details on capital raising or other securities offerings.
- Confirm the post-merger capital structure and debt obligations detailed in the pro forma balance sheet.