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.

Earnings data Q1 2020

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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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Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for two straight weeks.

Permian Oil Explorers Add Rigs in 6 of the Past 7 Weeks

Earthstone paid $48 million for additional working interests in its operated Eagle Ford assets. This adds around 1,000 BOEPD (89% oil) in estimated 2H 2021 production.

Earthstone Energy: Adds Working Interests In Eagle Ford Assets

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Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased in six of the past seven weeks.

Permian Oil Explorers Add Rigs in 5 of the Past 6 Weeks

THE WOODLANDS, Texas, June 14, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company") today announced that it has acquired working interests in assets it operates located in southern Gonzales County, Texas (the "Eagle Ford Acquisitions") from four separate sellers.  The aggregate purchase price of the Eagle Ford Acquisitions was approximately $48 million in cash.

Earthstone Energy Announces Eagle Ford Bolt-On Acquisitions of 1,150 Boepd

Rising oil price continues to aid Earthstone (ESTE). Also, the company's strong cost-reduction initiatives are aiding the bottom line.

Here's Why Earthstone (ESTE) is an Attractive Investment Bet Now

Here's Why Earthstone Energy (ESTE) is a Great Momentum Stock to Buy

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Earthstone Energy, Inc. (ESTE) CEO Robert Anderson on Q1 2021 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 March 31, 2021. Year-to-Date 2021 Highlights Closed the IRM Acquisition(1) on January 7, 2021 Signed the Tracker/Sequel Purchase Agreements(2) on March 31, 2021 with an anticipated closing early in the third quarter of 2021 Average daily production of 20,321 Boepd(3) Adjusted EBITDAX(4) of $43.8

Earthstone Energy, Inc. Reports 2021 First Quarter Financial Results

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management team will host a conference call on Thursday, May 6, 2021 at 12:00 p.m. Eastern (11:00 a.m. Central) to discuss the Company's financial results for the first quarter 2021 and its outlook for the remainder of 2021. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin, Jr., Executive Vice President and Chief Financi

Earthstone Energy, Inc. Announces First Quarter 2021 Conference Call for Thursday, May 6, 2021 at 12:00 p.m. Eastern

The acquisition by Earthstone Energy of the Tracker acreage is advantageous to the existing shareholders.

Earthstone Energy: This Is How I View The Tracker Acquisition

Earthstone (ESTE) agrees to buy operated Midland Basin assets from Tracker, which is expected to result in a production increase of 5,800-6,000 boe/d in the second half of 2021.

Earthstone (ESTE) to Buy Midland Basin Assets for $126.5M

The stock price of Earthstone Energy (NYSE: ESTE) increased by over 30% during intraday trading. This is why it happened.

Earthstone Energy Stock Price Increased Over 30% Intraday: Why It Happened

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin (the “Tracker Acquisition”) from Tracker Resource Development III, LLC and an affiliate (“Tracker”) and from affiliates of Sequel Energy Group LLC (“Sequel”), which hold well-bore interests in certain of the producing wells operated by Tracker. Tracker is b

Earthstone Energy Announces Midland Basin Asset Acquisition

Earthstone Energy, Inc. (ESTE) CEO Robert Anderson on Q4 2020 Results - Earnings Call Transcript

Earthstone Energy (ESTE) delivered earnings and revenue surprises of 50.00% and -13.85%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Earthstone Energy (ESTE) Tops Q4 Earnings Estimates

THE WOODLANDS, Texas--(BUSINESS WIRE)--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, 2020. Fourth Quarter 2020 Highlights Signed Purchase and Sale Agreement on the IRM Acquisition(1) on December 17, 2020 which was closed on January 7, 2021 Average daily production of 14,809 Boepd(2) Adjusted EBITDAX(3) of $29.8 million ($21.87 per Boe) Operating portion of net cash rec

Earthstone Energy, Inc. Reports 2020 Fourth Quarter and Full Year Results

Earthstone Energy (NYSE:ESTE) unveils its next round of earnings this Wednesday, March 10. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings Preview for Earthstone Energy

Earthstone Energy (ESTE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Earthstone Energy (ESTE) Moves 5.7% Higher: Will This Strength Last?

THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management team will host a conference call on Thursday, March 11, 2021 at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss the Company's financial results for the fourth quarter and full year 2020 and its outlook for 2021. Prepared remarks by Robert J. Anderson, President and Chief Executive Officer, Mark Lumpkin, Jr., Executive Vice President and Chief Financi

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