Amplify Energy Guides 2026 Capital Spending Of $45M-$65M Focused On Beta Development, Targets 6.7–7.9 MBbl/d Oil Production
Benzinga Newsdesk 7 months ago
NewsGuidance
Full-Year 2026 GuidanceThe Company is projecting total capital investment in 2026 of $45 to $65 million with over 95% allocated to Beta. Beta capital is primarily focused on development drilling, with $10 to $12 million
Full-Year 2026 Guidance
The Company is projecting total capital investment in 2026 of $45 to $65 million with over 95% allocated to Beta. Beta capital is primarily focused on development drilling, with $10 to $12 million allocated for necessary facility upgrades as we grow production. As previously stated, we anticipate completing five to eight wells at Beta in 2026, with four wells drilled and completed in the first half of the year.
At Bairoil, we are guiding capital of approximately $2 to $3 million for various facility upgrades associated with the CO2 plant and other infrastructure.
The following guidance is subject to the cautionary statements and limitations described under the "Forward-Looking Statements" caption at the end of this press release. Amplify's 2026 guidance is based on its current expectations regarding capital investment levels and flat commodity prices for crude oil of $65/Bbl (WTI) and on the assumption that market demand and prices for oil will continue at levels that allow for economic production of these products.
A summary of the guidance is presented below:
| March 9th, 2026 | |||
| Guidance | |||
| FY 2026E | |||
| Low | High | ||
| Net Average Daily Production | |||
| Oil (MBbls/d) | 6.7 | - | 7.9 |
| Commodity Price Differential / Realizations (Unhedged) | |||
| Oil Differential ($ / Bbl) | ($6.00) | - | ($9.00) |
| Gathering, Processing and Transportation Costs | |||
| Crude Oil ($ MM) | $2 | - | $3 |
| Average Costs | |||
| Lease Operating Expenses ($ MM) | $80 | - | $100 |
| Taxes (% of Revenue) (1) | 5.0% | - | 6.0% |
| Recurring Cash General and Administrative ($ MM) (2)(3) | $17 | - | $22 |
| Adjusted EBITDA ($ MM) (2)(3) | $20 | - | $45 |
| Cash Interest Expense ($ MM) | $3 | - | $4 |
| Capital Investment ($ MM) | $45 | - | $65 |
| Beta Sinking Fund ($ MM) | $9 | - | $9 |
(1) Includes production, ad valorem and franchise taxes
(2) Refer to "Use of Non-GAAP Financial Measures" for Amplify's definition and use of cash G&A and Adjusted EBITDA, non-GAAP measures
(3) Amplify believes that a quantitative reconciliation of such forward-looking information to the most comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts. A reconciliation of these non-GAAP financial measures would require Amplify to predict the timing and likelihood of future transactions and other items that are difficult to accurately predict. Neither of these forward-looking measures, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of the most directly comparable forward-looking GAAP measures is not provided.