Amplify Energy (AMPY) 8-K/A Consolidated Statements of Operations

Exhibit 99.1

Midstates Petroleum Company, Inc.

Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

	For the Three Months Ended December 31, 2012						For the Twelve Months Ended December 31,
	2012			2011			2012			2011
REVENUES:
Oil sales	$	72,149		$	54,646		$	218,430		$	177,464
Natural gas sales	7,944			5,851			16,030			20,665
Natural gas liquid sales	9,310			5,735			23,617			15,683
Gains (Losses) on commodity derivative contracts — net (1)	(910		)	(27,285		)	(11,158		)	(4,844		)
Other	422			205			754			465
Total revenues	88,915			39,152			247,673			209,433
EXPENSES:
Lease operating and workover	11,543			5,981			30,500			16,117
Severance and other taxes	6,823			4,588			24,921			13,640
Asset retirement accretion	260			129			723			334
General and administrative	11,573			37,307			30,541			68,915
Acquisition and transaction costs	12,209			—			14,884			—
Depreciation, depletion, and amortization	38,960			29,068			125,561			91,699
Total expenses	81,368			77,073			227,130			190,705
OPERATING INCOME (LOSS)	7,547			(37,921		)	20,543			18,728
OTHER INCOME (EXPENSE)
Interest income	15			8			245			23
Interest expense — net of amounts capitalized	(9,411		)	(1,359		)	(12,999		)	(2,094		)
Total other income (expense)	(9,396		)	(1,351		)	(12,754		)	(2,071		)
INCOME (LOSS) BEFORE TAXES	(1,849		)	(39,272		)	7,789			16,657
Income tax expense (benefit)	561			—			157,886			—
NET INCOME (LOSS)	$	(2,410	)	$	(39,272	)	$	(150,097	)	$	16,657
Undeclared preferred stock dividend - at Company option, payable in shares upon conversion or in cash	(6,500		)	—			(6,500		)	—
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	$	(8,910	)	$	(39,272	)	$	(156,597	)	$	16,657
Loss per share (2)
Basic and Diluted	$	(0.14	)	N/A			$	(2.61	)	N/A
Weighted average shares outstanding (2)
Basic and Diluted	65,634			N/A			59,979			N/A

(1)Includes an insignificant realized gain on commodity derivatives for the three months ended December 31, 2012. Includes $4.6 million, $15.8 million and $16.7 million of realized losses on commodity derivatives for the three months ended December 31, 2011, the twelve months ended December 31, 2012 and the twelve months ended December 31, 2011.

(2)For the twelve months ended December 31, 2012, the calculations of loss per share and weighted average shares outstanding are pro forma.