Amplify Energy Q2 revenue rises 41%, swings to profit helped by new wells, royalty relief
AMPY•Outlook
- Amplify sees FY 2026 net average daily oil production of 7.0–7.5 MBbls/d
- Company lowers FY 2026 lease operating expense guidance to $80–95 mln
- Amplify expects FY 2026 Adjusted EBITDA of $30–40 mln
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted Revenue | Beat | $52.70 mln | $43.69 mln (2 Analysts) |
| Q2 Adjusted Net Income | Miss | -$1.74 mln | $3.22 mln (2 Analysts) |
| Q2 Net Income | $17.30 mln | ||
| Q2 Adjusted EBITDA | Miss | $8.60 mln | $10.60 mln (2 Analysts) |
Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- Wall Street's median 12-month price target for Amplify Energy Corp. is $6.50, about 61.3% above its August 7 closing price of $4.03
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago
