Amplify Energy Reports Third-Quarter Results, Updates 2026 Expense Guidance
Amplify Energy reported third-quarter 2026 results, full-year lease operating expense guidance of $80.0 million to $90.0 million, and approximately $25.0 million in liquidity with no revolving-credit-facility debt as of September 30. It also said Beta field royalty relief effective November 1 reduces the rate on all Beta production to approximately 12.4%.
Amplify Energy Corp. released its operating and financial results for the third quarter of 2026. A key development is the company's success in securing Special Case Royalty Relief (SCRR) at its Beta field, effective November 1, 2026, which reduces the royalty rate on all Beta production to approximately 12.4%. Additionally, the company reported share repurchase activity, having bought back approximately 1.6 million shares of common stock for roughly $6.9 million at a weighted-average price of $4.35 per share through November 6, 2026.
Amplify also provided an update on its full-year 2026 lease operating expense guidance, projecting a range of $80.0 million to $90.0 million, reflecting improvements from prior estimates. The company noted that as of September 30, 2026, it had no outstanding debt under its revolving credit facility and maintained liquidity of approximately $25.0 million.