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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US Oil & Natural Gas Rig Tally Rises for 2 Straight Weeks

THE WOODLANDS, Texas, Sept. 20, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "we" or "our"), today announced that it has entered into an amendment to its senior secured revolving credit facility ("Credit Facility") under which the borrowing base has been increased from $550 million to $650 million in connection with its regularly scheduled semi-annual redetermination.

Earthstone Energy, Inc. Announces Increase in Borrowing Base

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US Oil & Gas Rig Tally Increases in 5 of the Past 6 Weeks

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Earthstone Energy: Fast Growth Environment

Earthstone Energy, Inc. (ESTE) CEO Robert Anderson on Q2 2021 Results - Earnings Call Transcript

THE WOODLANDS, Texas, Aug. 4, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "we", "our" or "us"), today announced financial and operating results for the three and six months ended June 30, 2021. Second Quarter 2021 Highlights Announced the Tracker Acquisition(1) which closed subsequent to quarter end on July 20, 2021 Closed Eagle Ford working interest acquisitions in May and June 2021 for $48.0 million Net loss of $15.8 million Adjusted net income(2) of $20.3 million Adjusted EBITDAX(2) of $53.7 million ($25.96 per Boe) Net cash provided by operating activities(4) of $55.1 million Free Cash Flow(2) of $28.4 million Average daily production of 22,716 Boepd(3) All-in cash costs(2) of $11.65 per Boe Operating Margin(2) of $35.19 per Boe ($28.19 including realized hedge settlements) Year-to-Date 2021 Highlights Closed the IRM Acquisition(5) on January 7, 2021 Net loss of $26.4 million Adjusted net income of $33.7 million (2) Adjusted EBITDAX(2) of $97.5 million ($25.03 per Boe) Net cash provided by operating activities(4) of $93.4 million Free Cash Flow(2) of $60.3 million Average daily production of 21,525 Boepd(3) All-in cash costs(2) of $12.12 per Boe Operating Margin(2) of $33.99 per Boe ($27.49 including realized hedge settlements)   (1) On July 20, 2021, we consummated the transactions contemplated in two purchase and sale agreements (the "Tracker Acquisition").

Earthstone Energy, Inc. Reports 2021 Second Quarter and Year-to-Date Financial Results

Earthstone Energy (ESTE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Earthstone Energy (ESTE) Moves to Strong Buy: Rationale Behind the Upgrade

THE WOODLANDS, Texas, July 28, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company"), announced today that its management team will host a conference call on Thursday, August 5, 2021 at 12:00 p.m. Eastern (11:00 a.m.

Earthstone Energy, Inc. Announces Second Quarter 2021 Conference Call for Thursday, August 5, 2021 at 12:00 p.m. Eastern

Earthstone (ESTE) revises its 2021 capital budget to $130-$140 million to include a second rig.

Earthstone (ESTE) Gives Revised Guidance Post Buyout Closure

Earthstone may average around 27,000 BOEPD in 2H 2021 after its Tracker acquisition closed. Oil percentage has declined to around 46% after adding the lower-oil Tracker assets.

Earthstone Energy: Production Up Over 75% From 2020 Levels After Acquisitions

Earthstone Energy announced the completion of the Tracker acquisition. The company released a revised guidance for 2021, expanding the capital budget and adding one rig in August 2021.

Earthstone Energy: Buy This Unicorn Prospect From Permian Basin

THE WOODLANDS, Texas, July 20, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "our" or "we"), today announced that it has completed the previously announced acquisition of privately held operated assets located in the Midland Basin from Tracker Resource Development III, LLC and an affiliate ("Tracker") and from affiliates of Sequel Energy Group LLC, which hold well-bore interests in certain of the producing wells operated by Tracker (collectively, the "Tracker Acquisition").  The Company also updated its 2021 guidance, provided an operational update, and provided an estimate of mid-year 2021 proved reserves.

Earthstone Completes Tracker Acquisition and Updates Guidance & Operations

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News for Earthstone Energy Stock (ESTE)