AI Earnings Predictions for Amplify Energy Corp. (AMPY)

EX-99.1

2 ampy-20260810xex99d1.htm

EX-99.1

Exhibit 99.1

Amplify Energy Announces Second Quarter 2026 Results and Approval of Share Repurchase Program

HOUSTON, August 10, 2026 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) today announced operating and financial results for the second quarter of 2026.

On August 6, 2026, the Company's board of directors approved a share repurchase program authorizing the repurchase of up to $15.0 million of Amplify's common stock, representing approximately 10% of the Company's currently outstanding shares using recent prices. Under the share repurchase program, repurchases may begin after market open on August 11, 2026 and continue through and including December 31, 2026.

Recent Developments and Second Quarter Highlights

●Recently, Amplify achieved the following milestones:

oReceived approval from the board of directors to repurchase up to $15.0 million of Amplify’s common stock

◾Using recent prices, a fully executed program would represent approximately 10% of outstanding shares

oContinued the development program at Beta, drilling two additional wells with promising initial results:

◾Completed the C29 well in June with a peak IP30 of approximately 525 Bopd

◾Completed the C16 well in July with a peak IP30 of approximately 550 Bopd

●During the second quarter of 2026, the Company:

oAveraged total production of 6.8 Mbopd (100% oil), an increase of approximately 6% compared to the prior quarter

oReported net income of $17.3 million in the second quarter compared to a net loss of $38.1 million in the first quarter, primarily driven by changes in commodity derivative instruments.

oGenerated net cash provided by operating activities of $2.8 million.

oDelivered Adjusted EBITDA(1) of $8.6 million and Adjusted Net Loss(1) of $1.7 million, an increase of $4.8 million and a decrease of $2.1 million, respectively, compared to the prior quarter

oObtained royalty relief at the Beta field, effective May 1, 2026, lowering the Company's royalty burden from approximately 25.0% to 12.5%

◾Since May 1, 2026, royalty relief increased Amplify’s average net production by over 600 bbls/d while improving revenue and cash flow by approximately $3.0 million (approximately $1.5 million per month)

oContinued the strategic evaluation of Bairoil’s potential role in carbon storage and low-carbon initiatives

◾Effective June 1, 2026, Amplify amended its CO₂ purchase agreement, which increased Amplify’s realized rebate from Section 45Q tax credits, thereby lowering Amplify’s lease operating expenses

1

◾As a result of the amended agreement, Amplify expects to further reduce its CO₂ costs at Bairoil by approximately $5.0 million per year

oAs of June 30, 2026, Amplify had no outstanding debt under its revolving credit facility and liquidity of $36.2 million, consisting of $21.2 million of cash on hand and available borrowing capacity of approximately $15.0 million

(1) A non-GAAP financial measure; see the “Use of Non-GAAP Financial Measures” section in this release for more information including reconciliations to the most comparable GAAP measures.

Dan Furbee, the Company's Chief Executive Officer, stated, “Amplify continues to focus on activities that we expect will meaningfully enhance shareholder returns. In the past two months, Amplify successfully drilled and completed the C29 and C16 wells at Beta. Both wells were drilled in the Joulters fault block and are producing at expected rates. These two new wells, in combination with royalty relief, have meaningfully increased our net production, revenue and cash flow at Beta.”

​

Mr. Furbee continued, “At Bairoil, we continued to make progress on our carbon storage initiatives. Effective June 1, we amended our CO₂ purchase agreement to increase the amount of CO₂ delivered to the field. This additional CO₂ also qualifies for Section 45Q tax credits, which will generate a larger rebate from our CO₂ supplier. We expect the amended contract will lower lease operating expenses by approximately $5.0 million per year. This contract amendment helps demonstrate the intrinsic value associated with our existing CO₂ infrastructure and available pore space.”

​

Mr. Furbee concluded, “In addition to the positive developments at Beta and Bairoil, the Company’s board of directors approved a share repurchase program. We believe the Company’s stock is trading at a meaningful discount to its net asset value and repurchasing up to $15.0 million will be accretive to our shareholders. We also believe returning capital to shareholders demonstrates our commitment to allocating capital to the opportunities demonstrating the highest risk adjusted return.”

​

Share Repurchase Program

​

The board of directors believes that the Company's current share price does not adequately reflect the underlying value of its assets, cash flow generation potential, and long-term strategic opportunities. As a result, the Board has approved a shar

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784846478.20b22ad9

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

false 0001533924

0001533924

2026-03-09 2026-03-09

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION

13 OR 15(D)

OF THE SECURITIES

EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 9, 2026

AMPLIFY ENERGY

CORP.

(Exact name of Registrant as Specified in its Charter)

Delaware 001-35512 82-1326219

(State or other jurisdiction of

Incorporation or Organization)

(Commission File Number) (I.R.S. Employer

Identification No.)

500 Dallas Street, Suite 1700 Houston, Texas   77002

(Address of Principal Executive Offices, including Zip Code)

(832) 219-9001

(Registrant’s telephone number, including area code)

Not applicable

(Former name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b)

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

AMPY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On March 9, 2026, Amplify Energy Corp., a Delaware corporation (the “Company”), issued a press release reporting the Company’s financial and operating results for the quarter and year ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 7.01. Regulation FD Disclosure.

On March 9, 2026, the Company issued a press release announcing, among other things, the Company’s financial and operating results for the fourth quarter ended December 31, 2025 and guidance for fiscal year 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On March 9, 2026, the Company posted to its website an investor

presentation entitled, “March 2026 Investor Presentation.” The investor presentation may be accessed by going to the

Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations and selecting Events and Presentations.

The information contained in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K, including the exhibit hereto, includes “forward-looking statements.” All statements, other than statements of historical fact, included in this Current Report on Form 8-K that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are inten