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.

THE WOODLANDS, Texas, July 27, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced the publication of its inaugural sustainability report. The report, which is now available on the Company's website, covers the fiscal year 2022 and demonstrates Earthstone's commitment to environmental, social, and governance (“ESG”) standards and reporting.

Earthstone Energy Publishes Inaugural Sustainability Report

The multiple Earthstone Energy acquisitions in the Delaware Basin may be depressing the stock price. Using 100% debt is a strategy change that may also raise investment risk. The recent acquisition is in an area with a lot of government land and a government permitting process. That may affect future values.

Earthstone Energy: Still Shopping For Bargains

Earthstone Energy (ESTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Earthstone Energy (ESTE) Q2 Earnings Expected to Decline

THE WOODLANDS, Texas, July 25, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management team will host a conference call on Thursday, August 3, 2023, at 2:00 p.m. Eastern (1:00 p.m. Central) to discuss the Company's financial results for the second quarter 2023. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin, Jr., Executive Vice President and Chief Financial Officer, and Steven C. Collins, Executive Vice President and Chief Operating Officer, will be followed by a question and answer session. The Company intends to file its earnings press release for the period ended June 30, 2023, prior to the conference call.

Earthstone Energy, Inc. Announces Second Quarter 2023 Conference Call for Thursday, August 3, 2023 at 2:00 p.m. Eastern

THE WOODLANDS, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that its subsidiary, Earthstone Energy Holdings, LLC (“EEH”), has priced the previously announced private offering (the “Notes Offering”) of $500 million aggregate principal amount of 9.875% senior unsecured notes due 2031 (the “Notes”). The Notes will be issued at a price of 97.968% of their principal amount.

Earthstone Energy Announces Pricing of Private Offering of $500 Million of Senior Unsecured Notes due 2031

THE WOODLANDS, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), today announced that its subsidiary, Earthstone Energy Holdings, LLC (“EEH”), has commenced, subject to market conditions, a private offering of $500 million aggregate principal amount of senior unsecured notes due 2031 (the “Notes”) to eligible purchasers (the “Notes Offering”).

Earthstone Energy Announces Private Offering of $500 Million of Senior Unsecured Notes due 2031

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June MDA Breakout Stocks/ETFs Week 25 - 2023: High-Frequency Gainers To Give You An Edge

Earthstone Energy operates in the Permian Basin and follows a roll-up strategy. It has achieved an impressive 86% compound annual growth rate in oil and gas production since 2020. The acquisition of Novo Oil & Gas, the seventh within 2 1/2 years, is done at a highly favorable price, positioning Earthstone as an emerging operator in the Permian Basin. Although Earthstone's stock pulled back over the past 12 months, the company has maintained steady growth. Consequently, the stock is currently trading at its lowest valuation in six years.

Earthstone Energy Announces Novo Acquisition; Cheaply Valued And Potential Upside

Earthstone Energy (ESTE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Earthstone Energy (ESTE): Can Its 5.4% Jump Turn into More Strength?

Earthstone Energy Inc said on Thursday it would buy Novo Oil & Gas Holdings, a privately held Delaware Basin-focused production company backed by EnCap Investments, for $1.5 billion.

Earthstone Energy to buy Delaware Basin-focused Novo Oil & Gas for $1.5 bln

Earthstone Energy Inc. ESTE, -1.92% said Thursday it agreed to acquire Novo Oil & Gas Holdings LLC, a Delaware basin exploration and production backed by EnCap Investments L.P. At the same time, Northern Oil and Gas Inc. NOG, -0.58% will buy working oil and gas interests of Novo for $500 million from seller Earthstone.

Earthstone Energy agrees to pay $1.5 bln for EnCap-backed Novo Oil & Gas

Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale

Earthstone Energy Announces $1.0 Billion Delaware Basin Acquisition

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BSET, EVA and ESTE have been added to the Zacks Rank #5 (Strong Sell) List on May 19, 2023.

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The OPEC production cutback enhances the operational optimization of the acquisitions process by providing more cash flow. Occidental Petroleum Corporation had the exact opposite experience by running into covid challenges right after the acquisition.

Earthstone Energy: Smooth Sailing

Earthstone is now projected to generate $202 million in free cash flow during 2023 at current strip. It is doing well in terms of production and should end up in the upper half of its full-year guidance range.

Earthstone Energy Starts 2023 With Strong Production, But Also Higher Operating Costs

Earthstone Energy, Inc. (NYSE:ESTE ) Q1 2023 Earnings Conference Call May 4, 2023 1:00 PM ET Company Participants Clay Jeansonne - Director, IR Robert Anderson - CEO, President Steven Collins - EVP & COO Mark Lumpkin - EVP & CFO Scott Thelander - Vice President of Finance Conference Call Participants Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Securities Subhasish Chandra - Benchmark Charles Meade - Johnson Rice Jordan Stewart - Golden Tree Jeff Robertson - Water Tower Research Operator Good afternoon, and welcome to the Earthstone Energy's Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

Earthstone Energy, Inc. (ESTE) Q1 2023 Earnings Call Transcript

Earthstone Energy (ESTE) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.78 per share a year ago.

Earthstone Energy (ESTE) Tops Q1 Earnings and Revenue Estimates

THE WOODLANDS, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we”, “our” or “us”), today announced financial and operating results for the three months ended March 31, 2023.

Earthstone Energy, Inc. Reports 2023 First Quarter Financial Results

THE WOODLANDS, Texas, April 27, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management team will host a conference call on Thursday, May 4, 2023, at 1:00 p.m. Eastern (12:00 p.m. Central) to discuss the Company's financial results for the first quarter 2023. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin, Jr., Executive Vice President and Chief Financial Officer, and Steven C. Collins, Executive Vice President and Chief Operating Officer, will be followed by a question and answer session. The Company intends to file its earnings press release for the period ended March 31, 2023, prior to the conference call.

Earthstone Energy, Inc. Announces First Quarter 2023 Conference Call for Thursday, May 4, 2023 at 1:00 p.m. Eastern

Earthstone Energy is now many times the size it was at the start of 2022 thanks to acquisitions. The conservative acquisition methodology will now be tested for superior profitability.

The New Earthstone Energy

Analysts Estimate Earthstone Energy (ESTE) to Report a Decline in Earnings: What to Look Out for

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THE WOODLANDS, Texas, April 10, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”) today announced that President and CEO, Robert J. Anderson, will participate in a fireside chat with Jeff Robertson of Water Tower Research at 12:00 p.m. Eastern Time on Wednesday, April 12, 2023.

Earthstone Energy President and CEO to Participate in Fireside Chat with Water Tower Research

The shopping spree benefits will become apparent in the current fiscal year. Earthstone Energy management's experience, the low debt ratio, and the upside potential all point to an asymmetric return in a very positive direction.

Earthstone Energy: Conservative Question Will Be Answered

THE WOODLANDS, Texas, April 03, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today that it has entered into an amendment to the Company's senior secured revolving credit facility (the “Credit Facility”), increasing the elected commitments from $1.2 billion to $1.4 billion. Additionally, the $250 million term loan tranche under the Credit Facility converted into an elected revolving commitment. Further, the borrowing base was redetermined at $1.65 billion as a part of the regularly scheduled redetermination.

Earthstone Energy, Inc. Announces Increased Elected Commitments Under Its Credit Facility

News for Earthstone Energy Stock (ESTE)