Amplify Energy (AMPY)
Market Price (8/8/2026): $4.02 | Market Cap: $165.4 MilSector: Energy | Industry: Oil & Gas Exploration & Production
Amplify Energy (AMPY)
Market Price (8/8/2026): $4.02Market Cap: $165.4 MilSector: EnergyIndustry: Oil & Gas Exploration & Production
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include Domestic Oil and Gas Production. | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -117% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.7% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -18%, Rev Chg QQuarterly Revenue Change % is -48% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22% Key risksAMPY key risks include [1] lingering regulatory and permitting fallout from its past Southern California oil spill and [2] managing debt obligations while needing to fund acquisitions to counter its declining asset base. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include Domestic Oil and Gas Production. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -117% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.7% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -18%, Rev Chg QQuarterly Revenue Change % is -48% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22% |
| Key risksAMPY key risks include [1] lingering regulatory and permitting fallout from its past Southern California oil spill and [2] managing debt obligations while needing to fund acquisitions to counter its declining asset base. |
Qualitative Assessment
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Amplify Energy (AMPY) stock has lost about 35% since 4/30/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings: Amplify Energy reported a net loss of $38.1 million for fiscal Q1 2026 (ended March 31, 2026), primarily driven by a $43.4 million non-cash unrealized loss on commodity derivatives. The company posted an earnings per share (EPS) of ($0.93), substantially missing analysts' consensus estimates of $0.06 by ($0.99) or 1,714.58%. Furthermore, fiscal Q1 2026 revenue of $37.46 million fell short of analyst estimates of $38.11 million. The stock price declined by $0.97 following this negative earnings announcement.
2. Worsening Analyst Sentiment and Downgrades: During the specified period, several analyst firms downgraded Amplify Energy, reflecting growing negative sentiment. Weiss Ratings downgraded the stock from a "hold" to a "sell" rating on June 1, 2026. Similarly, Wall Street Zen downgraded shares from a "hold" to a "sell" rating on May 16, 2026. The company currently holds an average "Sell" rating from analysts. Consensus EPS estimates for fiscal year 2026 deteriorated, with revenue forecasts decreasing from $162.0 million to $155.8 million and EPS estimates falling from $0.36 to $0.27 per share.
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Amplify Energy (AMPY) stock has lost about 35% since 4/30/2026 because of the following key factors:
1. Significant Miss in Fiscal Q1 2026 Earnings: Amplify Energy reported a net loss of $38.1 million for fiscal Q1 2026 (ended March 31, 2026), primarily driven by a $43.4 million non-cash unrealized loss on commodity derivatives. The company posted an earnings per share (EPS) of ($0.93), substantially missing analysts' consensus estimates of $0.06 by ($0.99) or 1,714.58%. Furthermore, fiscal Q1 2026 revenue of $37.46 million fell short of analyst estimates of $38.11 million. The stock price declined by $0.97 following this negative earnings announcement.
2. Worsening Analyst Sentiment and Downgrades: During the specified period, several analyst firms downgraded Amplify Energy, reflecting growing negative sentiment. Weiss Ratings downgraded the stock from a "hold" to a "sell" rating on June 1, 2026. Similarly, Wall Street Zen downgraded shares from a "hold" to a "sell" rating on May 16, 2026. The company currently holds an average "Sell" rating from analysts. Consensus EPS estimates for fiscal year 2026 deteriorated, with revenue forecasts decreasing from $162.0 million to $155.8 million and EPS estimates falling from $0.36 to $0.27 per share.
3. Decline in Crude Oil Prices: A macroeconomic headwind for Amplify Energy was the notable decline in crude oil prices. The Brent crude oil spot price averaged $85 per barrel in June 2026, marking a decrease of $22 per barrel from May and $32 per barrel from its April 2026 peak. Increased crude supplies contributed to pushing oil prices sharply lower in early July. J.P. Morgan Global Research further forecasted Brent crude to average $86 per barrel in fiscal Q3 2026, $80 in fiscal Q4 2026, and $78 at year-end, citing demand losses and inventory draws. Amplify's fiscal Q1 2026 results reflected this trend, with an average realized oil price, including derivatives, decreasing to $60.49 per barrel from $63.10 per barrel in fiscal Q4 2025.
4. Operational Challenges and Production Setbacks: Amplify Energy experienced operational issues that negatively impacted production. In fiscal Q1 2026, Bairoil's average daily production decreased by approximately 6% quarter-over-quarter due to downtime from compression disruptions. Additionally, the C32 Beta well was abandoned in fiscal Q1 2026 following mechanical complications, which delayed the completion of the first four wells into early fiscal Q3 2026. These setbacks contributed to expectations of revenue declining by an average of 12% per annum over the next two years, contrasting with a projected 3.6% growth for the broader oil and gas industry in the US.
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Stock Movement Drivers
Fundamental Drivers
The -37.0% change in AMPY stock from 4/30/2026 to 8/7/2026 was primarily driven by a -69.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.40 | 4.03 | -37.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 263 | 229 | -13.1% |
| Net Income Margin (%) | 16.7% | 5.1% | -69.3% |
| P/E Multiple | 5.9 | 14.2 | 139.8% |
| Shares Outstanding (Mil) | 41 | 41 | -1.4% |
| Cumulative Contribution | -37.0% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| AMPY | -37.0% | |
| Market (SPY) | 7.6% | -16.9% |
| Sector (XLE) | -3.6% | 67.7% |
Fundamental Drivers
The -19.7% change in AMPY stock from 1/31/2026 to 8/7/2026 was primarily driven by a -17.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.02 | 4.03 | -19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 276 | 229 | -17.1% |
| P/S Multiple | 0.7 | 0.7 | -1.6% |
| Shares Outstanding (Mil) | 40 | 41 | -1.6% |
| Cumulative Contribution | -19.7% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| AMPY | -19.7% | |
| Market (SPY) | 12.1% | -21.1% |
| Sector (XLE) | 13.4% | 65.5% |
Fundamental Drivers
The 6.1% change in AMPY stock from 7/31/2025 to 8/7/2026 was primarily driven by a 52.8% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.80 | 4.03 | 6.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 290 | 229 | -21.2% |
| Net Income Margin (%) | 5.7% | 5.1% | -9.8% |
| P/E Multiple | 9.3 | 14.2 | 52.8% |
| Shares Outstanding (Mil) | 40 | 41 | -2.3% |
| Cumulative Contribution | 6.1% |
Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| AMPY | 6.1% | |
| Market (SPY) | 23.4% | -5.2% |
| Sector (XLE) | 35.0% | 60.3% |
Fundamental Drivers
The -45.1% change in AMPY stock from 7/31/2023 to 8/7/2026 was primarily driven by a -95.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.34 | 4.03 | -45.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 427 | 229 | -46.4% |
| Net Income Margin (%) | 107.6% | 5.1% | -95.2% |
| P/E Multiple | 0.6 | 14.2 | 2189.0% |
| Shares Outstanding (Mil) | 39 | 41 | -6.0% |
| Cumulative Contribution | -45.1% |
Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| AMPY | -45.1% | |
| Market (SPY) | 74.9% | 18.2% |
| Sector (XLE) | 43.7% | 58.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMPY Return | 137% | 183% | -33% | 1% | -24% | -11% | 211% |
| Peers Return | 91% | 65% | 8% | -3% | -4% | 32% | 320% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| AMPY Win Rate | 50% | 75% | 25% | 58% | 50% | 62% | |
| Peers Win Rate | 70% | 58% | 57% | 48% | 62% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AMPY Max Drawdown | -54% | -42% | -45% | -28% | -65% | -45% | |
| Peers Max Drawdown | -26% | -31% | -20% | -25% | -26% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COP, CNQ, EOG, OXY, FANG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | AMPY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.7% | -18.8% |
| % Gain to Breakeven | 130.9% | 23.1% |
| Time to Breakeven | 164 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.9% | -9.5% |
| % Gain to Breakeven | 24.9% | 10.5% |
| Time to Breakeven | 112 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -89.5% | -33.7% |
| % Gain to Breakeven | 852.3% | 50.9% |
| Time to Breakeven | 559 days | 140 days |
In The Past
Amplify Energy's stock fell -56.7% during the 2025 US Tariff Shock. Such a loss loss requires a 130.9% gain to breakeven.
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| Event | AMPY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.7% | -18.8% |
| % Gain to Breakeven | 130.9% | 23.1% |
| Time to Breakeven | 164 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -89.5% | -33.7% |
| % Gain to Breakeven | 852.3% | 50.9% |
| Time to Breakeven | 559 days | 140 days |
In The Past
Amplify Energy's stock fell -56.7% during the 2025 US Tariff Shock. Such a loss loss requires a 130.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Amplify Energy (AMPY)
Amplify Energy Corp. (AMPY) is an independent oil and natural gas company primarily engaged in the acquisition, development, exploitation, and production of crude oil and natural gas properties within the United States. Its core business involves finding, extracting, and bringing to market these vital energy resources, which serve as its main products.
The company operates across diverse geological regions, holding operated and non-operated working interests in producing and undeveloped leasehold acreage. Its key operational areas include Oklahoma, the Rocky Mountains, federal waters offshore Southern California, East Texas/North Louisiana, and the Eagle Ford shale play. As of December 31, 2021, Amplify Energy reported substantial proved reserves of approximately 121.2 million barrels of oil equivalent, indicating its capacity to supply the domestic energy market with essential oil and natural gas.
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Amplify Energy is like ConocoPhillips for US oil and gas properties.
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- Oil: Amplify Energy extracts crude oil from its various properties and sells it to market.
- Natural Gas: Amplify Energy produces natural gas from its wells and sells it to market.
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- BP Energy Company: This company is a major purchaser, accounting for a significant portion of Amplify Energy's revenues (approximately 25% in 2023). BP Energy Company is a subsidiary of BP plc (symbol: BP).
- Other major purchasers include various refiners, crude oil and natural gas marketers, and integrated oil and gas companies. These are typically other energy sector businesses that process, transport, or trade crude oil and natural gas.
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The key risks to Amplify Energy (AMPY) are primarily centered around its operational footprint as an oil and natural gas producer.
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Operational and Environmental Liabilities from Oil Spills
Amplify Energy faces significant operational and environmental liabilities, most notably highlighted by the October 2021 oil spill off the coast of Southern California. The company's San Pedro Bay Pipeline ruptured, discharging crude oil into the Pacific Ocean. This incident led to multiple class-action lawsuits from beachfront property owners, businesses, and fishers, resulting in substantial settlements, including a combined $95 million settlement with affected home and business owners and shipping companies, and a $5.25 million settlement with Huntington Beach. Furthermore, Amplify pleaded guilty to violating the federal Clean Water Act and paid a $7.1 million criminal fine. The Pipeline and Hazardous Materials Safety Administration (PHMSA) also levied a $3.4 million fine, citing issues like ignored leak detection alarms and inadequate employee training. The ongoing regulatory scrutiny and the necessity for specific permits for pipeline repairs and operations, particularly given the age of some infrastructure, underscore a persistent risk of future operational incidents and associated financial and legal repercussions.
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Commodity Price Volatility
As an oil and natural gas exploration and production company, Amplify Energy's financial performance is highly susceptible to fluctuations in crude oil, natural gas, and natural gas liquids (NGL) prices. Sustained periods of low commodity prices can materially reduce the company's cash flows, profitability, and overall market value. While Amplify Energy employs hedging strategies to mitigate some of this exposure, there is always a risk that these strategies may be ineffective or could reduce potential income during periods of rising prices.
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Evolving Regulatory and Environmental Scrutiny
Amplify Energy operates within a complex and dynamic regulatory landscape, facing evolving federal, state, and local regulations, including those related to climate change. The 2021 oil spill has intensified environmental scrutiny, particularly concerning offshore drilling operations in California, leading to calls for stricter regulations and potential pressure to decommission older infrastructure. Compliance with these regulations can result in increased operational costs, restrictions on activities, or policy changes that negatively impact the company's profitability and operational flexibility.
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The accelerating global transition to alternative energy sources, including the rapid adoption of electric vehicles threatening future oil demand and the widespread deployment of renewable energy technologies (e.g., solar, wind) threatening future natural gas demand for power generation.
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Amplify Energy Corp. operates in the upstream segment of the oil and natural gas industry in the United States. Its main products are crude oil and natural gas.
The addressable market for Amplify Energy's main products and services, focused on the upstream segment in the United States, can be derived from the overall U.S. oil and gas market.
The U.S. oil and gas market was valued at approximately USD 474.5 billion in 2025. The upstream segment of this market, which includes exploration, extraction, and production of oil and natural gas, held a 71.85% share in 2025.
Therefore, the estimated addressable market for Amplify Energy's upstream activities in the United States in 2025 is approximately USD 340.9 billion (71.85% of USD 474.5 billion).
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Amplify Energy (AMPY) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market factors:
- Beta Field Development and Drilling: Amplify Energy is actively focused on its Beta development program, which includes drilling and completing new wells and converting proved undeveloped (PUD) reserves to proved developed (PDP) reserves. This program is anticipated to significantly increase production, particularly oil volumes, from its offshore Southern California asset.
- Shift to a More Oil-Weighted Production Mix: As a direct result of the development efforts at the Beta field, Amplify Energy projects an increase in the proportion of oil production relative to its total hydrocarbon output. Since oil generally commands higher market prices than natural gas, this shift towards a more oil-weighted production mix is expected to enhance overall revenue.
- Strategic Portfolio Streamlining: The company has undertaken a strategic initiative to simplify its asset portfolio through divestitures of non-core properties, including assets in East Texas, Louisiana, Oklahoma, and Magnify. This streamlining allows Amplify Energy to concentrate capital and operational resources on its highest-potential assets, specifically the highly economic drilling opportunities at Beta and cost reduction efforts at Bairoil, thereby optimizing its asset base for improved returns and revenue generation.
- Realization of Favorable Commodity Prices: As an oil and natural gas producer, Amplify Energy's revenue is directly influenced by the market prices of crude oil and natural gas. The company's financial guidance and hedging strategies incorporate assumptions about future commodity prices (such as WTI and Henry Hub), which are fundamental external drivers impacting its top-line revenue performance.
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Share Issuance
- In February 2026, Amplify Energy's CEO and SVP were granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), with some shares acquired upon the settlement of previously awarded time-based restricted stock units.
- The number of outstanding common shares increased from 37,565,610 as of February 28, 2020, to 41,265,055 as of February 28, 2026.
Capital Expenditures
- Amplify Energy projects total capital investment for 2026 to be between $45 million and $65 million. Over 95% of this capital is allocated to the Beta field, primarily for development drilling and facility upgrades, with an additional $2 million to $3 million for Bairoil facility upgrades.
- In 2025, total capital spending was $82.3 million. During the fourth quarter of 2025, approximately $16.2 million was invested, mainly focused on development drilling, recompletions, and subsea flowline upgrades at Beta.
- In both 2024 and 2025, the company implemented a development and delineation program at its Beta field, which included the drilling and completion of six wells.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Amplify Energy Earnings Notes | 12/16/2025 | |
| With Amplify Energy Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 86.76 |
| Mkt Cap | 63.3 |
| Rev LTM | 24,154 |
| Op Inc LTM | 7,738 |
| FCF LTM | 5,704 |
| FCF 3Y Avg | 5,278 |
| CFO LTM | 12,167 |
| CFO 3Y Avg | 11,587 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.4% |
| Rev Chg 3Y Avg | 0.7% |
| Rev Chg Q | 52.4% |
| QoQ Delta Rev Chg LTM | 12.9% |
| Op Inc Chg LTM | 16.0% |
| Op Inc Chg 3Y Avg | -3.2% |
| Op Mgn LTM | 25.1% |
| Op Mgn 3Y Avg | 23.8% |
| QoQ Delta Op Mgn LTM | 4.3% |
| CFO/Rev LTM | 42.4% |
| CFO/Rev 3Y Avg | 41.8% |
| FCF/Rev LTM | 20.4% |
| FCF/Rev 3Y Avg | 17.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Exploration, development and production of oil and natural gas | 263 | 295 | 308 | ||
| Natural gas | 148 | 82 | |||
| Natural gas liquids (NGLs) | 47 | 41 | |||
| Oil | 213 | 212 | |||
| Other revenues | 51 | 7 | |||
| Total | 263 | 295 | 308 | 458 | 343 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Exploration, development and production of oil and natural gas | 44 | 13 | 393 |
| Total | 44 | 13 | 393 |
Price Behavior
| Market Price | $4.03 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 08/09/2019 | |
| Distance from 52W High | -39.2% | |
| 50 Days | 200 Days | |
| DMA Price | $4.11 | $5.04 |
| DMA Trend | down | down |
| Distance from DMA | -1.9% | -20.1% |
| 3M | 1YR | |
| Volatility | 43.5% | 61.3% |
| Downside Capture | 13.49 | -98.86 |
| Upside Capture | -105.62 | -56.92 |
| Correlation (SPY) | -9.6% | -6.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.33 | -0.27 | -0.71 | -0.89 | -0.27 | 0.68 |
| Up Beta | 2.35 | -0.56 | -1.48 | -1.32 | -0.67 | 0.53 |
| Down Beta | -1.34 | 0.88 | 0.12 | 0.50 | 1.27 | 1.80 |
| Up Capture | -228% | -105% | -140% | -78% | -29% | 1% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 17 | 22 | 57 | 127 | 362 |
| Down Capture | -254% | -10% | 29% | -146% | -150% | 59% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 25 | 39 | 65 | 118 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMPY | |
|---|---|---|---|---|
| AMPY | 7.2% | 61.7% | 0.35 | - |
| Sector ETF (XLE) | 39.2% | 21.1% | 1.46 | 60.1% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | -6.2% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 0.4% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | 47.8% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | -6.5% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 7.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMPY | |
|---|---|---|---|---|
| AMPY | 4.9% | 66.5% | 0.36 | - |
| Sector ETF (XLE) | 22.6% | 25.8% | 0.78 | 61.7% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 25.3% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 5.8% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 45.6% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 17.4% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 14.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMPY | |
|---|---|---|---|---|
| AMPY | -1.2% | 91.0% | 0.39 | - |
| Sector ETF (XLE) | 9.9% | 29.6% | 0.37 | 59.6% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 31.0% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 1.9% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 42.7% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 27.6% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 17.3% |
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Returns Analyses
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -3.8% | -4.2% | -16.6% |
| 3/9/2026 | -13.4% | 6.4% | -0.3% |
| 11/5/2025 | 7.2% | 26.5% | 14.2% |
| 8/6/2025 | -8.2% | 2.9% | 2.1% |
| 5/12/2025 | 9.6% | -8.2% | 24.2% |
| 3/5/2025 | -14.2% | -11.9% | -26.6% |
| 11/6/2024 | -4.3% | -7.8% | -12.0% |
| 8/7/2024 | 15.5% | 9.2% | -2.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 14 | 13 | 13 |
| Median Positive | 7.8% | 6.4% | 18.0% |
| Median Negative | -6.8% | -11.2% | -12.0% |
| Max Positive | 15.5% | 36.4% | 113.8% |
| Max Negative | -17.3% | -28.3% | -36.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -3.8% | -4.2% | -16.6% |
| 3/9/2026 | -13.4% | 6.4% | -0.3% |
| 11/5/2025 | 7.2% | 26.5% | 14.2% |
| 8/6/2025 | -8.2% | 2.9% | 2.1% |
| 5/12/2025 | 9.6% | -8.2% | 24.2% |
| 3/5/2025 | -14.2% | -11.9% | -26.6% |
| 11/6/2024 | -4.3% | -7.8% | -12.0% |
| 8/7/2024 | 15.5% | 9.2% | -2.8% |
| 5/8/2024 | -7.5% | -14.2% | -19.3% |
| 3/6/2024 | 2.6% | 0.0% | 12.5% |
| 11/6/2023 | -6.1% | -4.3% | -12.0% |
| 8/8/2023 | -4.6% | -11.2% | -10.8% |
| 5/3/2023 | 8.4% | 6.0% | 9.9% |
| 3/9/2023 | -17.3% | -28.3% | -25.3% |
| 11/1/2022 | -11.4% | -9.1% | -20.5% |
| 8/3/2022 | -3.4% | 1.5% | 18.0% |
| 5/4/2022 | -2.6% | -17.3% | 23.6% |
| 3/9/2022 | 11.3% | 1.3% | 9.8% |
| 11/15/2021 | -3.2% | -14.7% | -6.1% |
| 8/4/2021 | 13.2% | 36.4% | 26.5% |
| 5/5/2021 | 3.2% | 8.5% | 32.0% |
| 3/11/2021 | -17.0% | -22.0% | -36.0% |
| 11/5/2020 | 3.7% | 18.7% | 113.8% |
| 8/5/2020 | 3.9% | -3.9% | -11.8% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 14 | 13 | 13 |
| Median Positive | 7.8% | 6.4% | 18.0% |
| Median Negative | -6.8% | -11.2% | -12.0% |
| Max Positive | 15.5% | 36.4% | 113.8% |
| Max Negative | -17.3% | -28.3% | -36.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/09/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/09/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/09/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 03/11/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 03/05/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
| 06/30/2019 | 08/05/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Average Daily Production Oil | 6,700 | 7,300 | 7,900 | 0 | Affirmed | Guidance: 7,300 for 2026 | |
| 2026 Lease Operating Expenses | 80.00 Mil | 90.00 Mil | 100.00 Mil | 0 | Affirmed | Guidance: 90.00 Mil for 2026 | |
| 2026 Recurring Cash General and Administrative | 17.00 Mil | 19.50 Mil | 22.00 Mil | 0 | Affirmed | Guidance: 19.50 Mil for 2026 | |
| 2026 Adjusted EBITDA | 20.00 Mil | 32.50 Mil | 45.00 Mil | 0 | Affirmed | Guidance: 32.50 Mil for 2026 | |
| 2026 Capital Investment | 45.00 Mil | 55.00 Mil | 65.00 Mil | 0 | Affirmed | Guidance: 55.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 3/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Average Daily Production (Oil) | 6,700 | 7,300 | 7,900 | ||||
| 2026 Oil Differential | -6 | -7.5 | -9 | ||||
| 2026 Gathering, Processing and Transportation Costs (Crude Oil) | 2.00 Mil | 2.50 Mil | 3.00 Mil | ||||
| 2026 Lease Operating Expenses | 80.00 Mil | 90.00 Mil | 100.00 Mil | ||||
| 2026 Taxes (% of Revenue) | 0.05 | 0.06 | 0.06 | ||||
| 2026 Recurring Cash General and Administrative | 17.00 Mil | 19.50 Mil | 22.00 Mil | ||||
| 2026 Adjusted EBITDA | 20.00 Mil | 32.50 Mil | 45.00 Mil | ||||
| 2026 Cash Interest Expense | 3.00 Mil | 3.50 Mil | 4.00 Mil | ||||
| 2026 Capital Investment | 45.00 Mil | 55.00 Mil | 65.00 Mil | ||||
| 2026 Beta Sinking Fund | 9.00 Mil | 9.00 Mil | 9.00 Mil | ||||
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Capital Expenditures | 8.00 Mil | 10.00 Mil | 12.00 Mil | ||||
Insider Activity
Updated 7/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Frew, James | SEE REMARKS | Direct | Buy | 6232026 | 3.95 | 25,000 | 98,750 | 856,593 | Form |
| 2 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.31 | 242,489 | 1,530,106 | 15,802,430 | Form | |
| 3 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.42 | 501,279 | 3,218,211 | 17,634,687 | Form | |
| 4 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.66 | 256,232 | 1,706,505 | 21,632,446 | Form | |
| 5 | Coghill, Clint D | By: Stoney Lonesome HF LP | Buy | 8142025 | 3.89 | 65,494 | 254,693 | 13,627,705 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Frew, James | SEE REMARKS | Direct | Buy | 6232026 | 3.95 | 25,000 | 98,750 | 856,593 | Form |
| 2 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.31 | 242,489 | 1,530,106 | 15,802,430 | Form | |
| 3 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.42 | 501,279 | 3,218,211 | 17,634,687 | Form | |
| 4 | Coghill, Clint D | By: Stoney Lonesome HF LP | Sell | 3172026 | 6.66 | 256,232 | 1,706,505 | 21,632,446 | Form | |
| 5 | Coghill, Clint D | By: Stoney Lonesome HF LP | Buy | 8142025 | 3.89 | 65,494 | 254,693 | 13,627,705 | Form | |
| 6 | Coghill, Clint D | By: Stoney Lonesome HF LP | Buy | 8142025 | 3.88 | 167,086 | 647,675 | 13,330,026 | Form | |
| 7 | Coghill, Clint D | By: Stoney Lonesome HF LP | Buy | 8142025 | 3.69 | 117,420 | 433,620 | 12,082,308 | Form | |
| 8 | Frew, James | SEE REMARKS | Direct | Buy | 8132025 | 3.70 | 25,000 | 92,500 | 478,121 | Form |
| 9 | Frew, James | SEE REMARKS | Direct | Buy | 8132025 | 3.50 | 50,000 | 175,000 | 364,777 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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