Amplify Energy Corp.

third quarter 2024 investor conference call. Amplify's operating and financial results were released yesterday after market close on November 6, 2024 and are available on Amplify's website at www.amplifyenergy.com. During this conference call, all participants will be in a listen-only mode. Today's call is being recorded. A replay of the call will be accessible until November 21st, 2024 by dialing 800-654-1563 and then entering access code 1017-1254. I would now like to turn the conference call over to Jim Frew, Senior Vice President and Chief Financial Officer of Amplify Energy Corp.

Good morning and welcome to the Amplify Energy conference call to discuss operating and financial results for the third quarter of 2024. Before we get started, we would like to remind you that some of our remarks may contain forward-looking statements which reflect management's current views of future events and are subject to various risks, uncertainties, expectations, and assumptions. Although management believes that the expectations reflected in such forward-looking statements are reasonable, It can give no assurances 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. 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 Form 10-Q, which was filed yesterday afternoon. Also, non-GAAP financial measures may be disclosed during this call. Reconciliations of those measures to comparable GAAP measures may be found in our earnings release or on our website at www.amplifyenergy.com. During the call, Martin Wilshire, Amplify's President and Chief Executive Officer, will review our third quarter performance and provide an update regarding our previously announced strategic initiatives. Next, Dan Furby, Senior Vice President and Chief Operating Officer, will provide an overview of third quarter operational performance. Following that, I will discuss third quarter financial results, provide an update on our balance sheet and liquidity, and provide additional details on our hedge book. Finally, Martin will conclude our prepared remarks with final thoughts before opening the call up for questions. With that, I will hand it over to Martin.

Thank you, Jim. Amplify continued its strong performance in the third quarter of 2024. the company generated $25.5 million of adjusted EBITDA and $3.6 million of free cash flow during the quarter, both in line with expectations. As previewed in our last earnings call, we continue to evaluate several proposals regarding the monetization of our Wyoming assets in the third quarter. While we have been encouraged by the interest received in these assets, volatility in crude prices has affected the valuation process with potential buyers. At this time, we believe that retaining ownership of the assets and continuing to benefit from the asset cash flows maximize value for our shareholders. While we are unlikely to transact in the near term, we remain open to a potential transaction if it is in the best interest of shareholders. At Beta, we continue to make progress in our 2024 development program. Dan will provide more details in a moment, but we are pleased to announce that we successfully drilled and brought online the C59 well in early October with strong results. With the results of the A50 and C59 wells exceeding initial projections and the C48 expected to come online in mid-November, we intend to include a number of additional development locations into our approved reserves at year-end 2024. We are also refining our development program schedule and expect to have an updated plan with additional details in the first quarter of 2025. Yesterday, Amplify issued its second annual sustainability report, which provides additional disclosures to our stakeholders regarding our business and operating practices. In the report, we discussed the significant progress we have made in the past year, including a substantial reduction in scope one emissions and methane intensity. The report also details our safety procedures, environmental performance, efforts to enhance the long-term sustainability of our business, and dedication to sound corporate governance. I highly encourage our stakeholders to read the report, which can be found under the sustainability section of our website, amplifyenergy.com. We remain committed to continuing to improve our disclosures and to providing updates on our sustainability milestones. In summary, we continue to be excited about our development program in beta, which has the potential to deliver outstanding returns on investment, significant incremental free cash flow, and materially improve the value of our beta reserves. Combining this organic development with the additional non-operated investment opportunities in East Texas and Eagleford, continuing focus on LOE optimization initiatives will help realize the full potential of Amplify's diverse portfolio of assets and deliver substantial benefits and long-term value to our shareholders. With that, I'll hand it over to Dan.