Amplify Energy Q1 net loss $38.1M, adjusted net income $5.3M; obtains Beta royalty relief

Amplify Energy Corp.

2026-Q1 EPS reported -$0.93 revenue$37,464,000

Net loss $38.1M incl $43.4M non-cash unrealized loss on derivatives; adjusted net income $5.3M, adjusted EBITDA $3.8M.
Revenue $37.5M; average production 6.4 Mbopd (100% oil), down from prior Q due to asset divestitures.
Beta royalty relief from ~25% to ~12.5% effective May 1, 2026; adds >600 bopd net and >$1M/month revenue at current prices.
No debt outstanding, $41.5M cash, $25M borrowing base; liquidity $56.5M.
Full-year 2026 guidance reaffirmed; expects adjusted EBITDA at high end on higher commodity prices.

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