Amplify Energy Q2 FY26 swings to net profit of USD 17.3 million; revenue climbs 40.5% to USD 52.7 million - AMPY News | RalliesAmplify 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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AMPY• Share repurchase program authorized
- The board authorized a USD 15 million share repurchase program, about 10% of shares at recent prices, running Aug. 11 through Dec. 31.
Q2 FY26 results and production update
- 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.
- Beta development added two wells, C29 and C16, with peak IP30 rates of about 525 bopd and 550 bopd; royalty relief cut burden to about 12.5%.
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