HOUSTON, May 11, 2026 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today updates to its operating and financial results for the first quarter of 2026 and reaffirmed its full-year 2026 guidance. First Quarter Highlights and Recent Developments During the first quarter of 2026, the Company: Averaged total production of 6.4 Mbopd (100% oil) Generated net cash provided by operating activities of $4.5 million and a net loss of $38.1 million Delivered Adjusted EBITDA of $3.8 million and Adjusted Net Income of $5.3 million Concluded all transition services related to the East Texas and Oklahoma asset divestitures Obtained royalty relief at our Beta field, reducing the Company's royalty burden to approximately 12.5% (from approximately 25.0%) effective May 1, 2026, increasing net production and revenue Continued the drilling program at Beta Completed the C04 well in March with a peak IP30 of 500 Bopd.