SCHEDULE 13G/A: BlackRock Discloses 1.4% Stake in Amplify Energy Corp.
Institutional Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 1.4% beneficial ownership in Amplify Energy Corp.'s common stock.
Summary
- BlackRock, Inc. reported beneficial ownership of 559,339 shares of Amplify Energy Corp. common stock.
- This ownership represents 1.4% of the class of securities.
- BlackRock, Inc. holds sole voting power and sole dispositive power over all 559,339 shares.
- The filing is an Amendment No. 2 to Schedule 13G, filed under Rule 13d-1(b).
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Amplify Energy Corp.
- The event date requiring this filing was June 30, 2025.
- Amplify Energy Corp.'s principal executive offices are located at 500 DALLAS STREET, SUITE 1700, Houston, TX 77002.
- BlackRock, Inc.'s principal business office is at 50 Hudson Yards, New York, NY 10001.
- Relevant subsidiaries identified include BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, and BlackRock Investment Management, LLC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive ownership, containing no positive or negative performance indicators or strategic announcements.
Positives
- BlackRock, Inc. maintains a significant, albeit passive, stake in Amplify Energy Corp., indicating continued institutional interest.
Negatives
- None directly stated in this filing, as it is a passive ownership disclosure.
Risks
- None directly stated in this filing, as it is a passive ownership disclosure.
Future Outlook
No forward-looking statements or guidance are provided by Amplify Energy Corp. in this filing, as it is a passive ownership disclosure by BlackRock, Inc.
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing is a standard disclosure of institutional ownership, reflecting BlackRock's passive investment in Amplify Energy Corp., an entity in the energy sector. It does not provide broader industry trends or competitive analysis.
Comparison to Industry Standards
- Not applicable, as this filing is a disclosure of passive institutional ownership and does not contain performance metrics for comparison.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Authorized Signatories for SEC Filings (BlackRock, Inc.) | Previous individuals authorized under the April 30, 2023 Power of Attorney | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg, Brenda Schulz | 2025-01-21 | Update and consolidation of authority for compliance with ownership or control-person reporting requirements. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney, effective January 21, 2025, revoking a previous one dated April 30, 2023. This grants specific individuals the authority to execute documents for ownership or control-person reporting requirements. | 2025-01-21 | Streamlines the process for BlackRock, Inc. and its subsidiaries to comply with various U.S. and non-U.S. governmental or regulatory ownership reporting requirements. |
Legal Proceedings
- None mentioned.
Related Party Transactions
- None mentioned.
Stakeholder Impact
- Shareholders of Amplify Energy Corp. are informed of BlackRock's continued passive institutional ownership.
Next Steps
- BlackRock, Inc. will continue to file amendments to Schedule 13G as required by changes in its beneficial ownership or other triggering events.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of new Power of Attorney issued by BlackRock, Inc. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-07-16 | Date of signature for the Schedule 13G filing. |
Keywords
Amplify Energy Corp., BlackRock, SEC Filing, Schedule 13G, Common Stock, Institutional Ownership, Passive Investment, Energy Sector, Oil and Gas
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