Revenue: As of FY2026 Q1, the actual value is USD 37.46 M, missing the estimate of USD 38.11 M.

EPS: As of FY2026 Q1, the actual value is USD -0.93, missing the estimate of USD 0.055.

EBIT: As of FY2026 Q1, the actual value is USD -48.32 M.

Amplify Energy Corp. operates as a single reportable segment, focusing on the acquisition, development, exploitation, and production of oil and natural gas properties in the United States.

Segment Revenue

• Oil and Natural Gas Sales: $37,263 thousand for the three months ended March 31, 2026, a decrease from $70,341 thousand for the same period in 2025.
• Other Revenues: $201 thousand for the three months ended March 31, 2026, down from $1,709 thousand in the prior year period.
• Oil Sales: $37,408 thousand for Q1 2026 compared to $49,982 thousand for Q1 2025.
• NGL Sales: - $93 thousand for Q1 2026 versus $6,157 thousand for Q1 2025, impacted by post-divestiture accrual adjustments.
• Natural Gas Sales: - $52 thousand for Q1 2026 compared to $14,202 thousand for Q1 2025, also affected by post-divestiture accrual adjustments.

Operational Metrics

• Net Income (Loss): Amplify Energy Corp. reported a net loss of - $38,116 thousand for the three months ended March 31, 2026, compared to a net loss of - $5,861 thousand for the same period in 2025.
• Lease Operating Expense: $22,154 thousand for Q1 2026, a decrease from $37,417 thousand for Q1 2025, primarily due to asset divestitures.
• Gathering, Processing and Transportation: $759 thousand for Q1 2026, down from $4,286 thousand for Q1 2025, mainly due to asset divestitures.
• Taxes Other Than Income: $2,340 thousand for Q1 2026, a decrease from $4,384 thousand for Q1 2025, driven by asset divestitures.
• Depreciation, Depletion and Amortization (DD&A): $5,660 thousand for Q1 2026, reduced from $8,494 thousand for Q1 2025, following asset divestitures.
• General and Administrative Expense: $8,913 thousand for Q1 2026, down from $10,815 thousand for Q1 2025, with a decrease in acquisition and divestiture costs offset by increases in severance expense and stock compensation expense.
• Loss (Gain) on Commodity Derivative Instruments: A loss of $45,822 thousand was recognized for Q1 2026, compared to a loss of $14,317 thousand for Q1 2025.
• Pipeline Incident Loss: Less than $0.1 million for Q1 2026, down from $0.4 million for Q1 2025.
• (Gain) Loss on Sale of Properties: A gain of - $164 thousand for Q1 2026, compared to a gain of - $6,251 thousand for Q1 2025.
• Interest Expense, Net: $988 thousand for Q1 2026, a decrease from $3,519 thousand for Q1 2025, primarily due to the payoff of outstanding debt by December 31, 2025.

Production Volumes

• Oil: 576 MBbls for Q1 2026 vs. 737 MBbls for Q1 2025.
• NGLs: 2 MBbls for Q1 2026 vs. 263 MBbls for Q1 2025.
• Natural Gas: 7 MMcf for Q1 2026 vs. 3,647 MMcf for Q1 2025.
• Total (MBoe): 580 MBoe for Q1 2026 vs. 1,607 MBoe for Q1 2025.
• Average Net Production: 6.4 MBoe/d for Q1 2026 vs. 17.9 MBoe/d for Q1 2025.

Average Realized Sales Price (excluding commodity derivatives)

• Oil: $64.93 per Bbl for Q1 2026 vs. $67.82 per Bbl for Q1 2025.
• NGL: - $37.36 per Bbl for Q1 2026 vs. $23.46 per Bbl for Q1 2025.
• Natural Gas: - $6.93 per Mcf for Q1 2026 vs. $3.89 per Mcf for Q1 2025.
• Total: $64.26 per Boe for Q1 2026 vs. $43.76 per Boe for Q1 2025.

Average Unit Costs per Boe

• Lease Operating Expense: $38.20 for Q1 2026 vs. $23.28 for Q1 2025.
• Gathering, Processing and Transportation: $1.31 for Q1 2026 vs. $2.67 for Q1 2025.
• Taxes Other Than Income: $4.03 for Q1 2026 vs. $2.73 for Q1 2025.
• General and Administrative Expense: $15.37 for Q1 2026 vs. $6.73 for Q1 2025.
• Depletion, Depreciation and Amortization: $9.76 for Q1 2026 vs. $5.29 for Q1 2025.

Cash Flow

• Net Cash Provided by Operating Activities: $4,474 thousand for Q1 2026, a decrease from $25,501 thousand for Q1 2025.
• Net Cash Used in Investing Activities: - $21,558 thousand for Q1 2026, slightly higher than - $21,497 thousand for Q1 2025.
• Net Cash Used in Financing Activities: - $2,096 thousand for Q1 2026, a decrease from - $4,004 thousand for Q1 2025.

Capital Expenditures

• Total capital expenditures were approximately $21.0 million for the three months ended March 31, 2026, primarily for the development program at Beta.

Future Outlook and Strategy

Liquidity and Capital Resources Outlook: Amplify Energy Corp. expects to fund its 2026 capital program using existing cash and internally generated cash flow, with flexibility to utilize its Revolving Credit Facility or capital markets. The company believes its current cash, positive cash flows, and available borrowings are sufficient to meet working capital, capital expenditures, and other cash requirements for at least the next 12 months and the foreseeable future. As of March 31, 2026, Amplify Energy Corp. had no outstanding debt and $15.0 million available under its Revolving Credit Facility, which has a borrowing base of $25.0 million.

Strategic Developments: The company received approval for End-of-Life Royalty Relief for its Beta field interests, effective May 1, 2026, reducing royalty rates on primary producing leases from approximately 25% to 12.5% and on a third lease from 16.67% to 8.33%. This relief is conditional, subject to suspension if the rolling 12-month weighted average NYMEX oil and Henry Hub gas price exceeds $79.65 per BOE, or if monthly production doubles the qualifying months’ average for 12 consecutive months. Amplify Energy Corp.’s strategy also includes managing commodity price volatility by hedging 25% to 75% of estimated production from proved developed producing reserves over a one-year period through derivative contracts.

Commitments and Contingencies: Future sinking fund payments are $6.8 million for the remainder of 2026 and $9.0 million annually thereafter until decommissioning escrow accounts are fully funded. As of March 31, 2026, the company had funded $38.1 million into escrow accounts to support its $172.6 million decommissioning obligation with the Bureau of Ocean Energy Management (BOEM) and collateralize regulatory bonds.