10-Q · May 11, 2026
During Q1 2026, Amplify Energy reported a significant decline in revenue, totaling $37.3 million, down from $70.3 million in Q1 2025, primarily due to substantial divestitures. The company experienced a net loss of…
Earnings analysis · 10-Q
AMPY earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
Amplify reported Q2 2026 revenue of $52.686 million and diluted EPS of $0.40, with revenue improving approximately 42% sequentially and EPS recovering from a $(0.93) loss in Q1. Net income swung to $17.299 million from…
Read full summary
Amplify reported Q2 2026 revenue of $52.686 million and diluted EPS of $0.40, with revenue improving approximately 42% sequentially and EPS recovering from a $(0.93) loss in Q1. Net income swung to $17.299 million from a $38.116 million loss, aided by 6% higher production to 6.8 MBopd, Beta royalty relief and new wells. However, the oil differential outlook worsened to $(9.00)-$(11.00)/Bbl, free cash flow was not disclosed in the provided filing extract, and the material weakness in internal controls remained unresolved as of June 30, 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.4
What stood out
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Revenue rebounded sequentially
Revenue was $52.686 million, up from $37 million in Q1 2026 but down from $68 million in Q2 2025. The sequential improvement was approximately 42%, while revenue remained approximately 23% below the prior-year quarter.
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EPS improved sharply
Diluted EPS was $0.40 versus a $(0.93) loss in Q1 2026 and $0.15 in Q2 2025, indicating a $1.33 sequential improvement and a $0.25 year-over-year increase.
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Returned to net income
Net income was $17.299 million versus a $38.116 million net loss in the prior quarter, a swing of $55.415 million.
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Production and Beta economics improved
Production increased 6% sequentially to 6.8 MBopd, supported by Beta royalty relief and new wells.
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Cost outlook improved
Management reduced lease operating expense guidance to $80.0-$95.0 million and described FY2026 Adjusted EBITDA guidance as relatively unchanged.
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Remediation remains ongoing
The filing states disclosure controls were not effective as of June 30, 2026, because of an unresolved material weakness in internal control over financial reporting.
What to watch
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Unremediated control weakness
Management stated that disclosure controls and procedures were not effective as of June 30, 2026. The material weakness, first disclosed in the 2025 Form 10-K, has not been fully remediated and could allow a material misstatement that is not prevented or detected.
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Wider oil differential outlook
The oil differential assumption worsened to $(9.00)-$(11.00)/Bbl from $(6.00)-$(9.00)/Bbl, which could pressure realized prices and cash generation despite the sequential earnings recovery.
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Production outlook narrowed
The filing narrowed production guidance to 7.0-7.5 MBbls/d from 6.7-7.9 MBbls/d, reducing the range of expected production and indicating greater operating uncertainty.
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Litigation exposure remains
The filing states there have been no material changes to the risk factors disclosed in Part I, Item 1A of the 2025 Form 10-K. Future litigation related to the Incident remains uncertain and could create defense and settlement costs.
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Remediation could take longer
The company reported no material error or misstatement from the control deficiency, but stated that remediation efforts were ongoing as of June 30, 2026 and may require additional implementation and evaluation time.
Management's outlook
No revenue or EPS guidance was provided. FY2026 Adjusted EBITDA guidance was described as relatively unchanged. Lease operating expense guidance was reduced to $80.0-$95.0 million; production guidance was narrowed to 7.0-7.5 MBbls/d from 6.7-7.9 MBbls/d; and the oil differential assumption worsened to $(9.00)-$(11.00)/Bbl from $(6.00)-$(9.00)/Bbl.
Earlier filings 4
10-K · March 9, 2026
Amplify Energy’s 2025 10-K shows a company with very high product gross margins but weakening top-line and operating performance through the year. Quarterly revenue fell to $57.0M in 2025Q4 and operating margins swung…
10-Q · November 5, 2025
Amplify Energy reported Q3 2025 total revenues of $66,396,000 and an operating loss of $26,522,000, resulting in a net loss available to common stockholders of $20,966,000 (loss per share $0.52). Operating cash flow…
10-Q · May 12, 2025
Amplify Energy reported total revenues of $72,050,000 and a net loss of $5,861,000 (basic and diluted loss per share $0.15) for the quarter ended March 31, 2025. Operating cash flow improved to $25,501,000 and free cash…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.