Amplify Energy Q1 net loss $38.1 million; reaffirms 2026 guidance
Amplify Energy reported a first-quarter 2026 net loss of $38.1 million, or $0.93 per share, compared with net income of $64.4 million in the fourth quarter of 2025. Revenue fell to $37.5 million from $56.6 million, and the loss was driven mainly by a $43.4 million non-cash unrealized loss on commodity derivatives. The company reaffirmed full-year 2026 guidance and said adjusted EBITDA is expected at the high end of its range, while royalty relief at Beta is expected to increase production and revenue from May 1, 2026.
Key points
- Q1 2026 net loss of $38.1 million (EPS of $0.93 loss) versus net income of $64.4 million in Q4 2025; adjusted EBITDA was $3.8 million versus $21.5 million
- Total revenues were $37.5 million versus $56.6 million in the prior quarter, which included the East Texas and Oklahoma divestiture period
- Beta royalty burden reduced from about 25.0% to about 12.5% effective May 1, 2026, expected to add more than $1.0 million per month in incremental revenue at current prices
- C32 well at Beta was abandoned after mechanical complications; cash on hand was $41.5 million and the revolving credit facility had no outstanding debt as of March 31, 2026
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.