Amplify Energy Q2 net income $17.3M on derivative gain; approves $15.0M buyback
Amplify Energy reported second-quarter 2026 net income of $17.3 million, compared with a net loss of $38.1 million in the first quarter, mainly due to a $22.6 million non-cash unrealized gain on commodity derivatives. The board also approved a share repurchase of up to $15.0 million of common stock, which the company said represents about 10% of outstanding shares at recent prices, while it updated full-year 2026 guidance to reflect larger oil price deductions.
Key points
- Q2 2026 revenue excluding hedges was $52.7 million, up from $37.5 million in Q1 2026; Adjusted EBITDA was $8.6 million, up from $3.8 million.
- Free cash flow was negative $12.9 million in Q2, compared with negative $18.1 million in Q1; Adjusted Net Loss was $1.7 million.
- Full-year 2026 lease operating expense guidance was lowered to $80.0 to $95.0 million, from $80.0 to $100.0 million; the oil differential guidance was widened to negative $12.00 to $14.00 per barrel for the year.
- The repurchase program runs from August 11, 2026 through December 31, 2026; the company said it may reduce or defer part of its remaining 2026 drilling.
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 August 10, 2026.
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