Director Clint D. Coghill of Amplify Energy Corp (NYSE: AMPY) disposed of 999,999 shares of common stock across three separate trades conducted between March 13 and March 17, 2026, producing proceeds of roughly $6.45 million. Transaction prices ranged from $6.31 to $6.66 per share, and the trades coincided with notable corporate financing and governance actions by the company.
The sales were executed on three dates: 256,232 shares sold on March 13; 501,279 shares on March 16; and 242,489 shares on March 17. Following these transactions, Coghill's reported holdings include an indirect interest of 2,504,347 shares through Stoney Lonesome HF LP, an indirect holding of 83,000 shares via Drake Helix Holdings, LLC and a direct holding of 2,410 shares.
Market context cited alongside the filings noted Amplify Energy's recent equity performance, with the stock delivering a 61% return over the prior 12 months and rising 21% in the preceding week.
Balance sheet and liquidity moves
Separately, Amplify announced completion of two asset dispositions that together generated material proceeds. The company sold its Oklahoma assets for $92.5 million and its East Texas interests for $122 million. Management said the proceeds were applied to eliminate all outstanding borrowings under the company’s revolving credit facility.
In conjunction with those transactions, Amplify amended its senior secured reserve-based revolving credit facility. The amendment extends the facility’s maturity to December 31, 2028 and establishes an initial borrowing base of $25 million. Citizens Bank, N.A. serves as administrative agent for the facility, which will be subject to semi-annual redeterminations of the borrowing base.
Audit oversight change
Amplify Energy’s Audit Committee has decided to replace its independent auditor, dismissing Deloitte & Touche LLP after Deloitte completed the audit for the fiscal year ending December 31, 2025. The committee reached this decision after running a competitive selection process that involved multiple firms. The company noted Deloitte’s prior audit reports did not include any adverse opinions or disclaimers.
Valuation note
According to InvestingPro, AMPY appears undervalued on a Fair Value basis; the service reports the stock is trading at a price-to-earnings ratio of 6.06 while the company remains profitable.
These developments - insider share sales, asset divestitures used to extinguish revolving debt, the amended credit facility terms and the change in independent auditor - were disclosed as part of a set of strategic financial adjustments undertaken by Amplify Energy.