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.

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Earthstone Energy, Inc. (NYSE:ESTE ) Q4 2022 Earnings Conference Call March 9, 2023 11:00 AM ET Company Participants Robert Anderson - CEO, President & Director Steven Collins - EVP & COO Mark Lumpkin - EVP & CFO Clay Jeansonne - Director, IR Conference Call Participants Neal Dingmann - Truist Securities Austin Aucoin - Johnson Rice & Company Subhasish Chandra - The Benchmark Company Operator Good morning, and welcome to Earthstone Energy's conference call. . Joining us today from Earthstone are Robert Anderson, President and Chief Executive Officer; Mark Lumpkin, Executive Vice President and Chief Financial Officer; Steve Collins, Executive Vice President and Chief Operating Officer; and Scott Thelander, Vice President of Finance.

Earthstone Energy, Inc. (ESTE) Q4 2022 Earnings Call Transcript

Earthstone Energy (ESTE) delivered earnings and revenue surprises of 9.47% and 1.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Earthstone Energy (ESTE) Q4 Earnings and Revenues Surpass Estimates

THE WOODLANDS, Texas, March 08, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we” or “us”), today announced financial and operating results for the quarter and year ended December 31, 2022.

Earthstone Energy, Inc. Reports 2022 Fourth Quarter and Full Year Results

THE WOODLANDS, Texas, March 02, 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, March 9, 2023 at 11:00 a.m. Eastern (10:00 a.m. Central) to discuss the Company's financial results for the fourth quarter 2022, full year 2022 and its outlook for 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 December 31, 2022, prior to the conference call.

Earthstone Energy, Inc. Announces Fourth Quarter and Full Year 2022 Conference Call for Thursday, March 9, 2023 at 11:00 a.m. Eastern

Average Daily Production for the Fourth Quarter of 2022 Increased 246% Year Over Year

Earthstone Provides Operational and Financial Update, 2023 Guidance and Proved Reserves

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THE WOODLANDS, Texas, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today its participation in the Goldman Sachs Global Energy and Clean Technology Conference.

Earthstone Energy to Participate in Goldman Sachs Global Energy and Clean Technology Conference

The acquisition binge is causing market concern. Management has built and sold companies before.

Earthstone Energy: It Is Showtime

Earthstone is projected to generate close to $400 million in positive cash flow in 2023 at current strip in a maintenance capex scenario. This would put its net debt at the end of 2023 at around $725 million, or 0.6x EBITDAX.

Earthstone Energy: A Look At Its Potential 2023 Outlook

Earthstone Energy is trading near a key resistance level as the Permian Basin oil stock expects strong earnings in 2022. The post This Oil Stock Climbs 45% In 2022, Benefits From New Texas Oil Boom appeared first on Investor's Business Daily.

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Earthstone Energy, Inc. (NYSE:ESTE ) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants Clay Jeansonne - Director, IR Robert Anderson - President and CEO Steven Collins - EVP and COO Mark Lumpkin - EVP and CFO Conference Call Participants Charles Meade - Johnson Rice Neal Dingmann - Truist Securities Jeffrey Campbell - Alliance Global Partners Subhasish Chandra - Benchmark Geoff Jay - Daniel Energy Partners Jeff Robertson - Water Tower Research Operator Good morning, and welcome to Earthstone Energy's Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

Earthstone Energy, Inc. (ESTE) Q3 2022 Earnings Call Transcript

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Earthstone Energy (ESTE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Earthstone Energy (ESTE) Upgraded to Buy: Here's Why

Earthstone Energy (ESTE) delivered earnings and revenue surprises of -13.33% and 35.30%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Earthstone Energy (ESTE) Lags Q3 Earnings Estimates

THE WOODLANDS, Texas , Nov. 2, 2022 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "we", "our" or "us"), today announced financial and operating results for the three and nine months ended September 30, 2022. Third Quarter 2022 and Other Recent Highlights Repurchase of 3 million shares of Class A Common Stock for $43.7 million Closed the Titus Acquisition on August 10, 2022 Net income attributable to Earthstone Energy, Inc. of $211.5 million, or $1.94 per Diluted Share Net income of $299.3 million, or $2.09 per Adjusted Diluted Share(1) Adjusted net income(1) of $186.9 million, or $1.30 per Adjusted Diluted Share(1) Adjusted EBITDAX(1) of $345.8 million, up 15% compared to 2Q 2022 Net cash provided by operating activities of $365.5 million Free Cash Flow(1) of $174.2 million, up 6% compared to 2Q 2022 Average net production of 94,329 Boepd(2), up 22% compared to 2Q 2022 and 7% above the midpoint of 3Q 2022 guidance Capital expenditures of $147.2 million Year to Date 2022 Highlights Closed the Titus, Bighorn and Chisholm acquisitions Net income attributable to Earthstone Energy, Inc. of $322.9 million, or $3.61 per Diluted Share Net income of $465.5 million, or $3.66 per Adjusted Diluted Share(1) Adjusted net income(1) of $438.8 million, or $3.45 per Adjusted Diluted Share(1) Adjusted EBITDAX(1) of $769.8 million Net cash provided by operating activities of $703.2 million Free Cash Flow(1) of $374.0 million Average net production of 69,203 Boepd(2) Capital expenditures of $348.7 million (1)     See the "Non-GAAP Financial Measures" section below.

Earthstone Energy, Inc. Reports 2022 Third Quarter and Year-to-Date Financial Results

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.

Earthstone Energy (ESTE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Recently, Zacks.com users have been paying close attention to Earthstone Energy (ESTE). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why Earthstone Energy, Inc. (ESTE) is a Trending Stock

THE WOODLANDS, Texas , Oct. 19, 2022 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company"), announced today that its management team will host a conference call on Thursday, November 3, 2022 at 1:00 p.m. Eastern (12:00 p.m.

Earthstone Energy, Inc. Announces Third Quarter 2022 Conference Call for Thursday, November 3, 2022 at 1:00 p.m. Eastern

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THE WOODLANDS, Texas , Oct. 11, 2022 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), announced today that it has purchased 3,000,000 shares of Earthstone's Class A Common Stock for a total purchase price of approximately $44 million (the "Share Repurchase") from certain affiliates of Warburg Pincus, LLC ("Warburg Pincus").  Separately and concurrently with the Share Repurchase, Warburg Pincus sold 3,750,000 shares of Class A Common Stock under Rule 144 of the Securities Act of 1933 (the "Block Trade").

Earthstone Announces Share Repurchase

Earthstone Energy (ESTE) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Earthstone Energy (ESTE) is a Solid Choice

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Zacks.com users have recently been watching Earthstone Energy (ESTE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Earthstone Energy, Inc. (ESTE) a Buy Now?

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