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Amplify Energy reports Q3 2026 results with 9% production growth, royalty relief, and $6.9M share buyback

Company Fundamentals
09 Nov 2026, 23:05 WIB
GlobeNewsWire
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Bullish
Amplify Energy reports Q3 2026 results with 9% production growth, royalty relief, and $6.9M share buyback

Amplify Energy announced its Q3 2026 results, highlighting a 9% increase in oil production to 7.4 MBopd driven by development and royalty relief at Beta and Bairoil. The company secured Special Case Royalty Relief at Beta, lowering royalty rates to 12.4%, which improves drilling economics and extends field life. Despite a net loss of $18.9 million due to commodity derivative losses, Adjusted EBITDA rose to $10.8 million, supported by operational improvements and higher hedge prices in 2027. Amplify repurchased 1.6 million shares for $6.9 million, aiming to enhance shareholder value and plans continued development drilling and cost reductions.

Amplify Energy's Q3 2026 results show a 9% increase in oil production to 7.4 MBopd. For readers following the energy sector, here is Pluang's market snapshot as of Nov 10, 2026 01:12 WIB: out of 79 priced US energy stocks, 53 rose and 26 fell. Notable movers include NESR at USD 19.13 with 0% Sell / 100% Buy order activity, FSLR at USD 192.80 with 36% Sell / 64% Buy, and WMB at USD 66.67 with 4% Sell / 96% Buy.

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