Earthstone Energy

Earthstone Energy, Inc. is a growth-oriented independent oil and gas company. The firm 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 also focuses on the Midland Basin in West Texas, the Eagle Ford Trend in South Texas and the Delaware Basin in New Mexico. The company was founded on July 7, 1969 and is headquartered in The Woodlands, TX.

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Earthstone Energy excels in Q4 2022, eyes growth and debt reduction

Earthstone Energy's Q4 2022 performance reflects strong operational and financial achievements, with notable production and reserve growth alongside robust financial metrics.
The company's strategic initiatives, including shareholder returns, debt reduction, and planned investments, position it well for future growth and value creation.
While facing challenges in debt management and acquisition integration, Earthstone's focus on operational excellence and financial discipline presents opportunities for sustained success.

Earthstone Energy excels in Q1, eyes acquisitions and risk management

Earthstone Energy's Q1 2023 earnings call highlighted strong operational and financial performance, strategic focus on debt reduction, and proactive risk management through hedging. While facing challenges in Q2 production and LOE, the company is optimistic about opportunities for growth through acquisitions and efficient capital investments.

Earthstone Energy excels in Q2, eyes growth through acquisitions

Earthstone Energy delivered strong financial and operational performance in Q2 2023, driven by record production levels and strategic acquisitions.
The company's focus on cost management, operational excellence, and sustainability underscores its commitment to long-term value creation and growth.
Challenges lie in optimizing valuation, managing costs effectively, and executing the Novo acquisition for future growth opportunities.
Opportunities in sustainability, infrastructure flexibility, asset development, and shareholder value enhancement position Earthstone Energy for continued success.

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Earthstone Energy, an oil and natural gas development and production company operates in the up-stream segment of the oil and natural gas industry in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas.

Earthstone Energy (ESTE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Earthstone Energy (ESTE) a New Buy Stock

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas sales volumes for the fourth quarter of 2020 to be approximately 1.40 MMBoe or an average of approximately 15,232 Boepd (47% oil). For the year ended December 31, 2020, the Company estimates its annual sales volumes

Earthstone Provides Update, 2021 Guidance and Announces Proved Reserves

The strong balance sheet provides safety and a lot of second chances. This management has built and sold companies before.

Earthstone Energy: Steady As She Goes

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Earthstone's (ESTE) acquisition of Independence Resources Management is valued at $182 million.

Earthstone (ESTE) Closes Independence Resources Acquisition

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has completed the previously announced acquisition of Independence Resources Management, LLC (“IRM”). The aggregate purchase price for the acquisition was approximately $182.0 million, consisting of $131.2 million in cash consideration and approximately 12.7 million shares of Earthstone's Class A common stock valued at $50.8 million based on a closing share price o

Earthstone Energy Completes Acquisition of Independence Resources Management, LLC

Earthstone Energy has proved its resilience throughout the COVID-19 pandemic, delivering a 3-bagger for us so far. On December 18, 2020, it acquired Independence Resources Management, boosting its landholdings, production, and PDP reserves for a dirt cheap price.

Earthstone Energy Revisited: Independence Resources Management Acquired

Earthstone Energy's (ESTE) acquisition of Independence Resources Management is expected to be valued at less than $185.9 million.

Earthstone (ESTE) to Acquire E&P Firm, Add Midland Basin Assets

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into a definitive agreement to acquire Independence Resources Management, LLC (“IRM”), a privately held independent E&P company backed by Warburg Pincus, LLC and its affiliates (“Warburg”), and operating in the Midland Basin (the “Transaction”). The aggregate purchase price of the Transaction is expected to be approximately $185.9 million consisting

Earthstone Energy Announces Significant Midland Basin Acquisition

Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don't make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are now in a stock pickers market where fundamentals of a stock have more effect on the price than the overall direction of the market. As a result we observe sudden and large changes in hedge fund positions depending on the news flow. Let's take a look at the hedge fund sentiment towards Earthstone Energy, Inc. (NYSE:ESTE) to find out whether there were any major changes in hedge funds' views.

Hedge Funds Are Selling Earthstone Energy, Inc. (ESTE)

Earthstone Energy, Inc. (ESTE) CEO Robert Anderson on Q3 2020 Results - Earnings Call Transcript

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we”, “our” or “us”), today announced financial and operating results for the three months ended September 30, 2020. Third Quarter 2020 Highlights Average daily production of 16,959 Boepd(1) Adjusted EBITDAX(2) of $36.4 million ($23.33 per Boe) All-in cash costs(2) of $9.18 per Boe Operating Margin(2) of $20.07 per Boe ($25.54 including realized hedge settlements) Operating portion of net c

Earthstone Energy, Inc. Reports 2020 Third Quarter and Year-to-Date Financial Results and Updates Guidance

Earthstone Energy (ESTE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earthstone Energy (ESTE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management will host a conference call on Thursday, November 5, 2020 at 12:30 p.m. Eastern (11:30 a.m. Central) to discuss the Company's financial results for the third quarter 2020 and its outlook for the remainder of 2020. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, and Mark Lumpkin, Jr., Executive Vice President and Chief Fin

Earthstone Energy, Inc. Announces Third Quarter 2020 Conference Call for Thursday, November 5, 2020 at 12:30 p.m. Eastern

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today provided a financial update which highlighted debt reduction achieved in the third quarter of 2020, the successful early completion of the Company’s regularly scheduled borrowing base redetermination under its senior secured revolving credit facility (“Credit Facility”), and a related amendment to its Credit Facility. As of September 30, 2020, the Company estimates that its outstand

Earthstone Energy, Inc. Provides Financial Update

Earthstone Energy, Inc. (ESTE) CEO Mark Lumpkin on Q2 2020 Results - Earnings Call Transcript

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Earthstone Energy (ESTE) delivered earnings and revenue surprises of 150.00% and -47.03%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Earthstone Energy (ESTE) Surpasses Q2 Earnings Estimates

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we”, “our” or “us”), today announced financial and operating results for the three months ended June 30, 2020.

Earthstone Energy, Inc. Reports 2020 Second Quarter and Year-to-Date Financial Results

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management will host a conference call on Thursday, August 6, 2020 at 12:00 p.m.

Earthstone Energy, Inc. Announces Second Quarter 2020 Conference Call for Thursday, August 6, 2020 at 12:00 p.m.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an update to its operations and 2020 production guidance.

Earthstone Energy Updates Operations and 2020 Production Guidance

At $2.50 per share, Earthstone appears to have a reasonable amount of upside again.

Earthstone Energy: Valuation Becomes More Attractive At $2.50 Per Share

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Earthstone Energy, Inc. (ESTE) CEO Robert Anderson on Q1 2020 Results - Earnings Call Transcript

News for Earthstone Energy Stock (ESTE)