Why did Amplify authorize a buyback now?

The board believes Amplify's stock price does not adequately reflect its underlying asset value, cash flow potential, and long-term strategic opportunities. Management stated the stock trades at a meaningful discount to net asset value, making opportunistic repurchases an attractive use of capital to enhance shareholder value.

What is the size and timing of this repurchase authorization?

Amplify authorized up to $15.0 million in repurchases, representing approximately 10% of outstanding shares using recent prices. The program begins after market open on August 11, 2026, and continues through December 31, 2026. The company is not obligated to complete any repurchases.

How will Amplify execute these buybacks?

Repurchases may be executed through open-market transactions under Rule 10b-18 of the Securities Exchange Act, privately negotiated deals, or Rule 10b5-1 trading plans. Amplify retains discretion to suspend or terminate the program based on market conditions and alternative investment opportunities.

How does this buyback affect Amplify's capital allocation strategy?

Management indicated it may reduce or defer portions of its 2026 drilling activity at the Beta field to generate capital for the repurchase program. This signals that buybacks will compete directly with development spending for available cash, reflecting management's confidence that repurchasing undervalued shares offers superior risk-adjusted returns than near-term drilling.

What is Amplify's liquidity position to fund buybacks?

As of June 30, 2026, Amplify had $21.2 million in cash on hand and $15.0 million of available borrowing capacity under its revolving credit facility, for total liquidity of $36.2 million. The company had no debt outstanding under the facility at quarter-end.

Is this buyback mandatory or discretionary?

The repurchase program is entirely discretionary. Amplify is not obligated to acquire any particular amount of common stock and may terminate or suspend the program at any time based on price, business conditions, and alternative investment opportunities.

AMPY 8-K Filed 2026-08-10 New authorization

Amplify Energy approves $15M share repurchase program

Board authorizes 10% buyback through December 31, 2026, citing undervaluation relative to net asset value

Authorization$15M

MechanismRule 10b-18 open-market purcha

What the filing says

On August 6, 2026, Amplify Energy Corp.'s board of directors approved a share repurchase program authorizing the repurchase of up to $15.0 million of the company's common stock. The program represents approximately 10% of Amplify's currently outstanding shares at recent prices and is expected to commence after market open on August 11, 2026, continuing through December 31, 2026.

Repurchases may be executed through open-market transactions or privately negotiated deals, structured to comply with Rule 10b-18 under the Securities Exchange Act of 1934. The company may also enter into Rule 10b5-1 plans to facilitate share acquisitions under the authorization. Amplify is not obligated to repurchase any specific number of shares and retains the right to suspend or terminate the program at any time.

The board cited confidence in the company's outlook and a belief that Amplify's current stock price does not adequately reflect underlying asset value, cash flow generation potential, and long-term strategic opportunities. The $15.0 million authorization is included in the company's updated 2026 guidance alongside capital investment of $45–$55 million and a Beta Sinking Fund obligation of $9 million.

On August 6, 2026, the Company's board of directors approved a share repurchase program authorizing the repurchase of up to $15.0 million of Amplify's common stock, representing approximately 10% of the Company's currently outstanding shares using recent prices. — Amplify Energy Corp. 8-K filing · View on SEC EDGAR →

What this means

Amplify's board has approved a modest $15 million buyback authorization, equal to approximately 10% of outstanding shares at current prices. The company explicitly stated that repurchases will target shares it believes trade below intrinsic net asset value. The approval reflects a capital allocation trade-off: Amplify noted it may "reduce or defer portions of its remaining 2026 drilling activity in order to generate the highest risk adjusted returns for its shareholders," signaling that buybacks will compete with development spending at its Beta field. The program runs through year-end 2026, providing management flexibility to execute opportunistically. Buybacks are discretionary—Amplify is not obligated to complete any repurchases.

Frequently asked questions

Why did Amplify authorize a buyback now?: The board believes Amplify's stock price does not adequately reflect its underlying asset value, cash flow potential, and long-term strategic opportunities. Management stated the stock trades at a meaningful discount to net asset value, making opportunistic repurchases an attractive use of capital to enhance shareholder value.
What is the size and timing of this repurchase authorization?: Amplify authorized up to $15.0 million in repurchases, representing approximately 10% of outstanding shares using recent prices. The program begins after market open on August 11, 2026, and continues through December 31, 2026. The company is not obligated to complete any repurchases.
How will Amplify execute these buybacks?: Repurchases may be executed through open-market transactions under Rule 10b-18 of the Securities Exchange Act, privately negotiated deals, or Rule 10b5-1 trading plans. Amplify retains discretion to suspend or terminate the program based on market conditions and alternative investment opportunities.
How does this buyback affect Amplify's capital allocation strategy?: Management indicated it may reduce or defer portions of its 2026 drilling activity at the Beta field to generate capital for the repurchase program. This signals that buybacks will compete directly with development spending for available cash, reflecting management's confidence that repurchasing undervalued shares offers superior risk-adjusted returns than near-term drilling.
What is Amplify's liquidity position to fund buybacks?: As of June 30, 2026, Amplify had $21.2 million in cash on hand and $15.0 million of available borrowing capacity under its revolving credit facility, for total liquidity of $36.2 million. The company had no debt outstanding under the facility at quarter-end.
Is this buyback mandatory or discretionary?: The repurchase program is entirely discretionary. Amplify is not obligated to acquire any particular amount of common stock and may terminate or suspend the program at any time based on price, business conditions, and alternative investment opportunities.

authorization rule-10b-18 10b5-1 oil-and-gas capital-allocation mid-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.