Amplify Energy Corp. (AMPY) Income Statement

The revenue path shows no sustained acceleration, with growth rates alternating between positive and negative readings across the period. The most recent quarter's year-over-year decline suggests top-line sensitivity to realized commodity prices and production timing, though the reported data does not isolate volume from pricing effects. Investors should monitor whether the 2026Q2 rebound in revenue sequentially from the 2026Q1 low is repeatable.

Gross margin readings above 90% in several quarters, followed by readings near 20% to 32%, are inconsistent with a stable cost base and suggest that COGS is recognized in lumps rather than tracking revenue. This pattern warrants further investigation into how production and lifting costs are timed against revenue. Peer gross margins from the provided set are not directly comparable given differing business models, limiting conclusions about relative pricing power.

SG&A has stayed comparatively contained, generally between $7M and $18M per quarter, so the operating swings are driven mainly by cost-of-revenue timing rather than overhead creep. The absence of a consistent relationship between gross profit and operating income limits any conclusion about operating leverage. Investors may find it more useful to track cash operating costs per unit than reported quarterly margins.