Inactive Instrument

Earthstone Energy, Inc.

Equities

ESTE

US27032D3044

Oil & Gas Exploration and Production

Earthstone Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 02, 2023 at 04:06 pm

Earthstone Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 370.01 million compared to USD 472.55 million a year ago. Net income was USD 58.04 million compared to USD 144.89 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 1.85 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 1.46 a year ago.
For the six months, revenue was USD 783.14 million compared to USD 668.7 million a year ago. Net income was USD 118.59 million compared to USD 111.41 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 1.57 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 1.37 a year ago.

Latest news about Earthstone Energy, Inc.

Earthstone Energy, Inc. Announces Cessation of Mark Lumpkin, Jr. as Chief Financial Officer	11-03	CI
Earthstone Energy, Inc. Announces Cessation of Robert J. Anderson as Chief Executive Officer	11-03	CI
Earthstone Energy, Inc. Announces Management Resignations and Cessations	11-03	CI
Earthstone Energy's Q3 Adjusted Earnings, Revenue Fall	11-01	MT
Earthstone Energy, Inc.(NYSE:ESTE) dropped from S&P Global BMI Index	11-01	CI
Earthstone Energy, Inc.(NYSE:ESTE) dropped from S&P TMI Index	11-01	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.	10-31	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
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
Top Midday Gainers	23-08-21	MT

Chart Earthstone Energy, Inc.

Duration

Period

More charts

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.

Sector

Oil & Gas Exploration and Production

More about the company

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
CHEVRON CORPORATION	+4.54%	286B
CONOCOPHILLIPS	-3.33%	131B
CNOOC LIMITED	+62.31%	128B
CANADIAN NATURAL RESOURCES LIMITED	+13.37%	76.53B
EOG RESOURCES, INC.	+0.21%	69.14B
OCCIDENTAL PETROLEUM CORPORATION	+0.62%	53.06B
HESS CORPORATION	+2.65%	45.15B
WOODSIDE ENERGY GROUP LTD	-12.72%	34.21B
DIAMONDBACK ENERGY, INC.	+23.08%	33.74B

Other Oil & Gas Exploration and Production