Amplify Energy Corp. (AMPY) Form 8-K — Aug 10, 2026

$AMPYForm 8-KItems 2.02, 7.01, 8.01, 9.01Filed Aug 10, 2026, 4:20 PM ET0001104659-26-093400Original filing

Amplify Energy reported second quarter 2026 net income of $17.3 million, a swing from a $38.1 million net loss in the first quarter, though the profit was driven primarily by a $22.6 million non-cash unrealized gain on commodity derivatives. Adjusted net loss was $1.7 million and Adjusted EBITDA rose to $8.6 million from $3.8 million, with total revenues excluding hedges climbing to $52.7 million from $37.5 million on production of 6.8 Mbopd, all oil and up 6% sequentially. The board approved a share repurchase program of up to $15.0 million, representing roughly 10% of outstanding shares at recent prices, with buybacks permitted from August 11 through December 31, 2026.

Key figures

Eps: 0.4
Revenue: $52.7 million (Q2 2026 total revenues; $52.7 million excluding hedges)
Guidance: FY2026 Adjusted EBITDA $30-40 million; lease operating expense $80-95 million; capital investment $45-55 million; oil production 7.0-7.5 MBbls/d; cash G&A $17-22 million; oil differential $(9.00)-$(11.00)/Bbl; share repurchase $0-15 million
Net Income: $17.3 million (vs. net loss of $38.1 million in Q1 2026)
Total Debt: $0 outstanding under revolving credit facility
Cash Position: $21.2 million (as of June 30, 2026)
Liquidity: $36.2 million ($21.2 million cash + ~$15.0 million borrowing capacity)
Free Cash Flow: -$12.9 million
Q2 Production: 6.8 Mbopd, 100% oil, +6% vs. prior quarter
Average WTI Q2: $92.79/Bbl
Borrowing Base: $25.0 million reaffirmed June 10, 2026; elected commitments $15.0 million
Hedge Coverage: 70-75% of remaining 2026 PDP oil; 55-65% of 2027 PDP oil; 2027 Brent swaps at $75.00/Bbl weighted average
Royalty Relief: Beta royalty reduced from ~25.0% to 12.5% effective May 1, 2026; ~$3.0 million benefit (~$1.5 million/month) since effective date
Adjusted EBITDA: $8.6 million (vs. $3.8 million in Q1 2026)
Adjusted Net Loss: $1.7 million (vs. $3.9 million loss in Q1 2026)
Average Brent Q2: $96.80/Bbl
New Well Economics: ~15 month payout, ~100% IRR at current prices
C16 well peak IP30: ~550 Bopd (completed July 2026)
C29 well peak IP30: ~525 Bopd (completed June 2026)
Co2 Agreement Savings: ~$5.0 million/year incremental CO2 cost reduction; ~$10 million/year combined with 2025 agreement
Q2 Capital Investment: $20.7 million
Buyback Authorization: $15.0 million, ~10% of outstanding shares, August 11 - December 31, 2026 window
Realized Derivative Drag: -$22.13/Bbl in Q2 2026
Q2 Lease Operating Expense: $22.7 million
Unrealized Derivative Gain: $22.6 million non-cash in Q2 2026

Price after filing

1 day: 0.0%7 days: +19.6%30 days: +22.6%

Close on the filing date to close N calendar days later (from $4.03). Historical, not a forecast.

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