Amplify Energy swings to Q2 net income of $17.3M; approves $15M buyback

Amplify Energy Corp.

Q2 2026 net income of $17.3M vs Q1 net loss of $38.1M; production averaged 6.8 Mbopd (100% oil), up ~6% QoQ.
Adjusted EBITDA of $8.6M and Adjusted Net Loss of $1.7M; operating cash flow of $2.8M in Q2.
Beta royalty relief effective May 1 cuts royalty from ~25% to 12.5%, adding >600 bbl/d and ~$3.0M revenue/cash flow.
Amended CO2 purchase agreement at Bairoil raises 45Q tax credit rebate, expected to cut CO2 costs by ~$5.0M per year.
Board approved $15.0M share repurchase (~10% of shares) through Dec 31, 2026; no revolver debt and $36.2M liquidity.

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