Inactive Instrument

Earthstone Energy, Inc.

Equities

ESTE

US27032D3044

Oil & Gas Exploration and Production

Earthstone Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 31, 2023 at 04:07 pm EDT

Earthstone Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 475.82 million compared to USD 531.5 million a year ago. Net income was USD 61.36 million compared to USD 211.46 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 1.94 a year ago.
For the nine months, revenue was USD 1,258.96 million compared to USD 1,200.2 million a year ago. Net income was USD 179.95 million compared to USD 322.86 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to USD 3.91 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to USD 3.61 a year ago.

Latest news about Earthstone Energy, Inc.

Earthstone Energy, Inc. Announces Cessation of Mark Lumpkin, Jr. as Chief Financial Officer	Nov. 03	CI
Earthstone Energy, Inc. Announces Cessation of Robert J. Anderson as Chief Executive Officer	Nov. 03	CI
Earthstone Energy, Inc. Announces Management Resignations and Cessations	Nov. 03	CI
Earthstone Energy's Q3 Adjusted Earnings, Revenue Fall	Nov. 01	MT
Earthstone Energy, Inc.(NYSE:ESTE) dropped from S&P Global BMI Index	Nov. 01	CI
Earthstone Energy, Inc.(NYSE:ESTE) dropped from S&P TMI Index	Nov. 01	CI
Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.	Oct. 31	CI
Earthstone Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-31	CI
US energy M&A slows in Q3, but October's mega deals to spark activity - Enverus	23-10-24	RE
Sector Update: Energy Stocks Declining Monday Afternoon	23-10-23	MT
Earthstone Energy Declares Special Cash Dividend	23-10-23	MT
Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023	23-10-23	CI
Earthstone Energy Insider Sold Shares Worth $444,731, According to a Recent SEC Filing	23-10-16	MT
Earthstone Energy Insider Sold Shares Worth $223,836, According to a Recent SEC Filing	23-10-13	MT
Earthstone Energy Insider Sold Shares Worth $1,047,675, According to a Recent SEC Filing	23-09-27	MT
Mizuho Adjusts Price Target on Earthstone Energy to $23 From $22, Maintains Neutral Rating	23-09-18	MT
Capital One Downgrades Earthstone Energy to Equal-Weight Rating From Overweight, Price Target is $20	23-09-12	MT
Correction: Permian Resources Prices $500 Million Senior Notes Offering	23-09-07	MT
Permian Resources Prices $500 Million Senior Notes Offering	23-09-07	MT
Riverstone Energy says Permian Resources to buy Earthstone	23-08-23	AN
News Highlights : Top Energy News of the Day	23-08-23	DJ
Energy Shares Slide as Oil Prices Fall -- Energy Roundup	23-08-21	DJ
Sector Update: Energy Stocks Lower Late Afternoon	23-08-21	MT
Earthstone Energy Shares Rise After it Agrees to Be Acquired by Permian Resources for About $4.5 Billion	23-08-21	MT
Sector Update: Energy Stocks Declining Monday Afternoon	23-08-21	MT

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Company Profile

Earthstone Energy, Inc. is an independent oil and gas company. The Company is engaged in the acquisition and development of oil and gas reserves through activities that include drilling and development of undeveloped leases, as well as asset and corporate acquisitions and mergers. It operates through the oil and natural gas exploration and production segment. Its operations are all in the upstream segment of the oil and natural gas industry and all its properties are onshore in the United States. Its primary assets are in the Midland Basin in West Texas and the Delaware Basin in New Mexico. It has approximately 167,000 net acres in the Midland Basin that are highly contiguous on a project-by-project basis which allows the Company to drill multi-well pads. It has approximately 45,000 net acres in the Delaware Basin in New Mexico that are highly contiguous on a project-by-project basis which allows the Company to drill multi-well pads. It also owns assets in the northern Delaware Basin.

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Oil & Gas Exploration and Production

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