Earthstone Energy, Inc. (ESTE) Income Statement Analysis

See more : Integrated Business Systems & Services, Inc. (IBSS) Income Statement Analysis – Financial Results

Complete financial analysis of Earthstone Energy, Inc. (ESTE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Earthstone Energy, Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.

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Earthstone Energy, Inc. (ESTE)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.earthstoneenergy.com

About Earthstone Energy, Inc.

Earthstone Energy, Inc., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company's asset portfolio includes the Midland Basin of West Texas, Delaware Basin in New Mexico, and the Eagle Ford trend of south Texas. As of December 31, 2021, it operated 120 gross Eagle Ford wells, as well as had 147,587 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 93,575 MBOE of proved developed reserves and 54,012 MBOE of proved undeveloped reserves. Earthstone Energy, Inc. was incorporated in 1969 and is headquartered in The Woodlands, Texas.

Metric	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Revenue	1.70B	419.64M	144.52M	191.26M	165.36M	108.08M	42.27M	47.77M	47.99M	17.51M	11.71M	8.21M	7.27M	9.09M	7.45M	7.17M	6.62M	4.86M	2.99M	2.59M	2.37M	3.00M	2.22M	1.40M	2.45M	3.05M	2.83M	1.40M	1.20M	1.70M	1.60M	2.00M	1.70M	1.50M	1.90M	1.90M
Cost of Revenue	655.38M	182.10M	134.96M	109.80M	76.15M	62.63M	43.20M	50.09M	31.25M	9.52M	4.49M	3.54M	2.98M	3.22M	2.09M	1.98M	2.13M	1.55M	1.30M	1.46M	1.74M	1.51M	1.34M	900.00K	0.00	0.00	0.00	900.00K	800.00K	900.00K	1.00M	1.00M	900.00K	800.00K	900.00K	1.00M
Gross Profit	1.04B	237.55M	9.57M	81.47M	89.21M	45.45M	-933.00K	-2.32M	16.75M	7.99M	7.23M	4.67M	4.29M	5.87M	5.36M	5.19M	4.49M	3.30M	1.69M	1.13M	627.00K	1.49M	882.00K	500.00K	2.45M	3.05M	2.83M	500.00K	400.00K	800.00K	600.00K	1.00M	800.00K	700.00K	1.00M	900.00K
Gross Profit Ratio	61.34%	56.61%	6.62%	42.59%	53.95%	42.05%	-2.21%	-4.85%	34.90%	45.64%	61.70%	56.89%	59.03%	64.60%	72.00%	72.43%	67.83%	68.02%	56.48%	43.74%	26.44%	49.80%	39.75%	35.71%	100.00%	100.00%	100.00%	35.71%	33.33%	47.06%	37.50%	50.00%	47.06%	46.67%	52.63%	47.37%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	708.00K	342.00K	570.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	74.18M	41.92M	28.23M	27.61M	28.16M	27.07M	12.72M	10.30M	7.86M	2.63M	2.08M	1.52M	1.78M	1.35M	716.00M	546.00M	524.00M	524.00M	0.00	242.00M	242.00M	0.00	0.00	0.00	0.00	0.00	0.00	200.00K	300.00K	300.00K	300.00K	300.00K	300.00K	300.00K	400.00K	500.00K
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-715.26M	-545.45M	-523.48M	-523.51M	0.00	-241.76M	-241.76M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	74.18M	41.92M	28.23M	27.61M	28.16M	27.07M	12.72M	10.30M	7.86M	2.63M	2.08M	1.52M	1.78M	1.35M	743.00K	546.00K	524.00K	492.00K	437.00K	242.00K	238.00K	188.00K	124.00K	100.00K	177.00K	170.00K	151.00K	200.00K	300.00K	300.00K	300.00K	300.00K	300.00K	300.00K	400.00K	500.00K
Other Expenses	5.14M	1.41M	1.03M	867.00K	247.00K	-20.00K	-72.00K	423.00K	62.00K	0.00	1.29M	1.33M	1.39M	1.22M	1.46M	1.36M	1.15M	970.00K	554.00K	455.00K	410.00K	425.00K	359.00K	400.00K	3.34M	2.70M	2.57M	300.00K	300.00K	300.00K	300.00K	400.00K	300.00K	400.00K	600.00K	1.60M
Operating Expenses	79.32M	43.33M	29.26M	28.48M	28.96M	27.50M	18.33M	10.44M	7.98M	2.83M	3.36M	2.85M	3.17M	2.57M	2.20M	1.91M	1.67M	1.46M	991.00K	697.00K	648.00K	613.00K	483.00K	500.00K	3.52M	2.87M	2.73M	500.00K	600.00K	600.00K	600.00K	700.00K	600.00K	700.00K	1,000.00K	2.10M
Cost & Expenses	734.70M	225.43M	164.22M	138.28M	105.11M	90.14M	61.53M	60.53M	39.22M	12.35M	7.85M	6.38M	6.15M	5.79M	4.28M	3.88M	3.80M	3.02M	2.29M	2.15M	2.39M	2.12M	1.82M	1.40M	3.52M	2.87M	2.73M	1.40M	1.40M	1.50M	1.60M	1.70M	1.50M	1.50M	1.90M	3.10M
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	73.00K	75.00K	12.00K	90.00K	57.00K	152.00K	0.00	23.00K	5.00K	3.00K	0.00	15.00K	16.00K	8.00K	0.00	0.00	17.00K	9.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	66.82M	10.80M	5.23M	6.57M	2.90M	2.70M	1.28M	722.00K	597.00K	173.00K	6.00K	26.00K	32.00K	34.00K	25.00K	32.00K	125.00K	-70.00K	0.00	-7.00M	-304.00K	-3.00K	0.00	0.00	0.00	0.00	0.00	100.00K	0.00	0.00	-100.00K	-100.00K	-100.00K	-200.00K	-300.00K	-400.00K
Depreciation & Amortization	297.02M	111.35M	96.41M	67.00M	47.57M	36.92M	25.94M	31.23M	18.41M	3.88M	1.12M	1.17M	1.22M	1.22M	685.00K	640.00K	550.00K	503.00K	316.00K	256.00K	235.00K	185.00K	199.00K	300.00K	547.00K	534.00K	547.00K	400.00K	300.00K	300.00K	400.00K	400.00K	300.00K	400.00K	600.00K	-700.00K
EBITDA	1.14B	184.89M	61.64M	78.46M	142.35M	-26.89M	-29.36M	-112.59M	11.09M	9.12M	5.05M	3.00M	2.43M	1.12M	4.00M	4.08M	3.50M	2.41M	1.01M	690.00K	434.00M	1.07M	598.00K	300.00K	-518.00K	713.00K	648.00K	600.00K	100.00K	500.00K	100.00K	600.00K	300.00K	200.00K	600.00K	-1.90M
EBITDA Ratio	74.51%	71.83%	7.75%	63.86%	65.35%	50.74%	15.62%	39.54%	56.78%	52.06%	43.14%	36.55%	33.42%	50.41%	53.69%	56.91%	52.96%	49.71%	33.88%	26.68%	2.87%	35.63%	26.95%	21.43%	-21.14%	23.42%	22.93%	42.86%	8.33%	29.41%	6.25%	30.00%	17.65%	13.33%	31.58%	-100.00%
Operating Income	966.11M	190.08M	-84.61M	55.13M	44.06M	-49.88M	-46.02M	-149.23M	-10.59M	5.16M	3.86M	1.82M	1.12M	343.00K	3.16M	3.29M	2.82M	1.84M	696.00K	434.00K	-21.00K	881.00K	399.00K	0.00	-1.07M	179.00K	101.00K	200.00K	-200.00K	200.00K	-300.00K	200.00K	0.00	-200.00K	0.00	-1.20M
Operating Income Ratio	56.99%	45.30%	-58.55%	28.83%	26.65%	-46.15%	-108.88%	-312.37%	-22.06%	29.48%	32.97%	22.20%	15.38%	3.78%	42.49%	45.84%	42.57%	37.91%	23.30%	16.78%	-0.89%	29.37%	17.98%	0.00%	-43.47%	5.88%	3.57%	14.29%	-16.67%	11.76%	-18.75%	10.00%	0.00%	-13.33%	0.00%	-63.16%
Total Other Income/Expenses	-191.07M	-126.72M	55.07M	-51.89M	53.62M	-11.23M	-7.99M	6.13M	3.86M	-100.00K	69.00K	-14.00K	58.00K	23.00K	124.00K	122.00K	12.00K	4.00K	-2.00K	0.00	158.00K	-17.00K	0.00	0.00	0.00	0.00	0.00	-100.00K	0.00	-100.00K	100.00K	0.00	-100.00K	0.00	-300.00K	-300.00K
Income Before Tax	775.03M	63.37M	-29.55M	3.25M	97.68M	-61.11M	-54.01M	-143.10M	-6.73M	5.06M	3.93M	1.81M	1.18M	366.00K	3.29M	3.41M	2.83M	1.85M	694.00K	434.00K	137.00K	864.00K	0.00	0.00	0.00	0.00	0.00	100.00K	-200.00K	100.00K	-200.00K	200.00K	100.00K	-200.00K	-300.00K	-1.50M
Income Before Tax Ratio	45.72%	15.10%	-20.44%	1.70%	59.07%	-56.54%	-127.78%	-299.54%	-14.02%	28.91%	33.56%	22.03%	16.18%	4.03%	44.15%	47.54%	42.75%	37.99%	23.23%	16.78%	5.78%	28.80%	0.00%	0.00%	0.00%	0.00%	0.00%	7.14%	-16.67%	5.88%	-12.50%	10.00%	5.88%	-13.33%	-15.79%	-78.95%
Income Tax Expense	124.42M	1.86M	-112.00K	1.67M	2.47M	-16.37M	528.00K	-26.44M	22.11M	1.13M	652.00K	206.00K	148.00K	-212.00K	1.53M	907.00K	13.00K	66.00K	-560.00K	0.00	-304.00K	20.00K	46.00K	100.00K	46.00K	70.00K	95.00K	100.00K	0.00	100.00K	-100.00K	100.00K	-100.00K	0.00	0.00	700.00K
Net Income	650.62M	61.51M	-29.43M	1.58M	42.33M	-12.51M	-54.54M	-116.66M	-28.83M	3.94M	3.28M	1.60M	1.03M	578.00K	1.76M	2.50M	2.82M	1.85M	1.26M	434.00K	137.00K	864.00K	353.00K	-100.00K	-1.11M	109.00K	6.00K	0.00	-200.00K	0.00	-100.00K	100.00K	200.00K	-200.00K	-300.00K	-2.20M
Net Income Ratio	38.38%	14.66%	-20.37%	0.83%	25.60%	-11.58%	-129.03%	-244.19%	-60.08%	22.49%	28.00%	19.52%	14.14%	6.36%	23.67%	34.88%	42.55%	37.99%	42.05%	16.78%	5.78%	28.80%	15.91%	-7.14%	-45.35%	3.58%	0.21%	0.00%	-16.67%	0.00%	-6.25%	5.00%	11.76%	-13.33%	-15.79%	-115.79%
EPS	6.94	1.23	-0.98	0.05	1.50	-0.53	-2.92	-8.43	-3.11	2.27	1.92	0.94	0.60	0.34	1.01	1.49	1.68	1.11	0.76	0.26	0.08	0.52	0.21	-0.06	-0.67	0.07	0.00	0.00	-0.12	0.00	-0.06	0.06	0.13	-0.13	-0.21	-1.57
EPS Diluted	6.75	1.23	-0.98	0.05	1.50	-0.53	-2.92	-8.43	-3.11	2.27	1.92	0.94	0.60	0.34	1.01	1.46	1.64	1.08	0.74	0.26	0.08	0.52	0.21	-0.06	-0.67	0.07	0.00	0.00	-0.12	0.00	-0.06	0.06	0.13	-0.13	-0.21	-1.57
Weighted Avg Shares Out	93.76M	49.95M	29.91M	28.98M	28.15M	23.59M	18.65M	13.84M	9.27M	1.73M	1.71M	1.71M	1.71M	1.71M	1.74M	1.68M	1.67M	1.66M	1.65M	1.65M	1.65M	1.65M	1.65M	1.65M	1.66M	1.66M	1.65M	1.70M	1.70M	1.70M	1.60M	1.60M	1.50M	1.50M	1.40M	1.40M
Weighted Avg Shares Out (Dil)	96.33M	49.95M	29.91M	29.36M	28.22M	23.59M	18.65M	13.84M	9.28M	1.73M	1.71M	1.71M	1.71M	1.71M	1.75M	1.71M	1.71M	1.71M	1.69M	1.68M	1.68M	1.67M	1.66M	1.65M	1.66M	1.66M	1.65M	1.70M	1.70M	1.70M	1.60M	1.60M	1.50M	1.50M	1.40M	1.40M

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

July 25, 2023globenewswire.com

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....

Earthstone Energy Announces Novo Acquisition; Cheaply Valued And Potential Upside

June 18, 2023seekingalpha.com

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...

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

June 16, 2023zacks.com

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.

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

June 15, 2023reuters.com

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

June 15, 2023marketwatch.com

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...

New Strong Sell Stocks for May 19th

May 19, 2023zacks.com

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

Earthstone Energy to Participate in Upcoming Conferences

May 11, 2023globenewswire.com

THE WOODLANDS, May 11, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today its participation in upcoming conferences.

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

May 4, 2023seekingalpha.com

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...

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

April 27, 2023globenewswire.com

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....