Amplify Energy Corp. reported second quarter 2026 net income of $17.3 million, a reversal from the prior quarter's loss, driven by a $22.6 million unrealized gain on commodity derivatives and royalty relief at its Beta field that lowered royalties to 12.5%. The company also announced a new share repurchase program authorizing up to $15.0 million in stock buybacks through December 31, 2026. Additionally, Amplify updated its full-year lease operating expense guidance downward to $80–$95 million following an amended CO₂ purchase agreement expected to save approximately $5.0 million annually. The company operates in the independent oil and gas exploration and production industry.