Earnings Releases·Nov 9, 2026, 4:11 PM ET

Amplify Energy — Third Quarter 2026 Earnings Summary

Reported a net loss of $18.9 million for Q3 2026 versus net income of $17.3 million in Q2, driven by a $24.6 million non-cash unrealized loss on derivatives; however, Adjusted EBITDA rose to $10.8 million from $8.6 million, and Free Cash Flow improved to $2.0 million from a negative $12.9 million.
Tightened full-year 2026 Net Average Daily Production guidance to 7.0–7.3 MBbls/d (from 7.0–7.5 MBbls/d) and Capital Investment guidance to $50.0–$55.0 million (from $45.0–$55.0 million), while maintaining Adjusted EBITDA guidance at $30.0–$40.0 million.
Secured Special Case Royalty Relief at Beta effective November 1, 2026, reducing the royalty rate to approximately 12.4% (from 24.8%) and raising the suspension price threshold to ~$92/BOE; production increased 9% sequentially to 7.4 MBopd.
Repurchased 1.6 million shares for $6.9 million through November 4, 2026, with the Board authorizing up to $15.0 million in buybacks through year-end; liquidity stands at $25.0 million with no outstanding debt on the revolving credit facility.
Entered into additional hedging instruments for 2027 and 2028, including costless collars and Brent swaps, while noting refining capacity constraints in California continue to pressure realized pricing despite improved fourth-quarter differentials.