Amplify Energy Corp. 8K

Amplify Energy reported second quarter 2026 results, instituted a $15 million share repurchase authorization, and announced cost-saving royalty relief and an amended CO₂ supply agreement expected to materially improve cash flow.

On August 10, 2026, Amplify Energy Corp. reported its second quarter 2026 financial and operating results and disclosed that on August 6, 2026 its board of directors authorized a share repurchase program of up to $15 million of common stock (about 10% of shares outstanding), with repurchases permitted from August 11, 2026 through December 31, 2026. The company highlighted improved quarterly performance, including a swing to $17.3 million in net income driven largely by unrealized gains on commodity derivatives, higher oil production averaging 6.8 Mbopd, royalty relief at the Beta field effective May 1, 2026 that cut royalty rates in half and increased production and cash flow, and an amended CO₂ purchase agreement at Bairoil effective June 1, 2026 that increases Section 45Q-related rebates and is expected to reduce CO₂ costs by roughly $5 million annually and generate about $10 million in annual cost savings versus the prior agreement. Amplify also noted a reaffirmed $25 million borrowing base with $15 million in elected commitments and no borrowings outstanding, updated full-year 2026 guidance reflecting marketing and cost developments, and an ongoing strategic evaluation of Bairoil’s potential carbon storage and low‑carbon initiatives while indicating it may adjust drilling activity to prioritize the newly approved capital return program.

Filing Facts

CIK

1533924

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-093400

Alert Tier

6