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Amplify Energy reports Q1 2026 loss but gains Beta field royalty relief boosting production and revenue.

Company Fundamentals
11 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Amplify Energy reported a net loss of $38.1 million in Q1 2026, mainly due to a $43.4 million unrealized loss on commodity derivatives. Despite this, the company achieved adjusted net income of $5.3 million and generated $4.5 million in operating cash flow. A key development was securing royalty relief at the Beta field, reducing royalties from 25% to 12.5%, which increases net production by over 600 barrels per day and adds over $1 million in monthly revenue. Amplify continues its drilling program at Beta, with promising well performance, and is exploring carbon storage opportunities at Bairoil. The company reaffirmed its full-year 2026 guidance, supported by a strong balance sheet and strategic focus on high-return assets.

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