Amplify Energy Q2 FY26 swings to net profit of USD 17.3 million; revenue climbs 40.5% to USD 52.7 million

Reuters2026/08/10 20:30

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Amplify Energy swung to GAAP net income of USD 17.3 million, from a net loss of USD 38.1 million in the prior quarter.
Revenue rose 40.6% to USD 52.69 million; average daily production increased about 6% to 7,000 boe/d.
Non-GAAP adjusted EBITDA climbed to USD 8.6 million from USD 3.8 million; non-GAAP free cash flow improved to negative USD 12.9 million.
Board authorized a USD 15 million share repurchase program, about 10% of shares at recent prices, running Aug. 11 through Dec. 31.
Beta development added two wells, C29 and C16, with peak IP30 rates of about 525 bopd and 550 bopd; royalty relief cut burden to ~12.5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amplify Energy Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101615PRIMZONEFULLFEED9806994) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Amplify Energy Q2 FY26 swings to net profit of USD 17.3 million; revenue climbs 40.5% to USD 52.7 million

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