Earthstone Energy, Inc. (ESTE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1400 WOODLOCH FOREST DRIVE
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,0131,49413,82237622,955
Cash and cash equivalents 4,0131,49413,82237622,955
Receivables196,08053,50524,22135,71917,84922,756
Derivative instruments and hedges, assets31,3311,3487,5098,86043,888184
Other undisclosed current assets18,8542,5491,5091,8671,4431,178
Total current assets:246,26561,41534,73360,26863,55647,073
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   74 
Operating lease, right-of-use asset4,5691,7952,4503,108
Property, plant and equipment   9311,311662947
Oil and gas property, successful effort method3,656,7761,457,149965,4321,040,894899,709767,570
Intangible assets, net (including goodwill)   (36,700)17,62017,62017,620
Goodwill   (36,700)17,62017,62017,620
Derivative instruments and hedges9,11715739677021,121 
Other noncurrent assets15,28033,8651,3151,5721,6401,207
Other undisclosed noncurrent assets5,3941,98636,626   
Total noncurrent assets:3,691,1361,494,952970,5241,065,275940,752787,344
TOTAL ASSETS:3,937,4011,556,3671,005,2571,125,5431,004,308834,417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities172,75763,10122,73644,82248,85842,179
Accounts payable91,81531,3976,23225,28426,45233,472
Accrued liabilities80,94231,70416,50419,53822,4068,707
Debt802 69776  
Derivative instruments and hedges, liabilities14,05345,3101,1356,88952811,805
Asset retirement obligation948395447308557 
Other liabilities16,20285156543  
Other undisclosed current liabilities171,52240,95830,54247,32031,92214,875
Total current liabilities:376,284150,61555,494100,15881,86568,859
Noncurrent Liabilities
Long-term debt and lease obligation1,054,755321,276116,845172,62478,82825,000
Long-term debt, excluding current maturities1,053,879320,000115,000170,00078,82825,000
Finance lease, liability876 585
Liabilities, other than long-term debt182,34538,21517,38217,0103,63414,826
Asset retirement obligations29,61115,4712,5801,8561,6722,354
Deferred tax liabilities, net 10,515
Deferred income tax liabilities138,33615,73114,49715,154
Other liabilities10,5096,442132 71131
Operating lease, liability3,8891,2761,8402,539
Derivative instruments and hedges, liabilities 571173 1,8911,826
Other undisclosed noncurrent liabilities     13,489 
Total noncurrent liabilities:1,237,100359,491134,227189,63495,95139,826
Total liabilities:1,613,384510,106189,721289,792177,816108,685
Equity
Equity, attributable to parent, including:1,639,314558,494344,881345,599334,640279,174
Additional paid in capital1,346,463718,181540,074527,246517,073503,932
Retained earnings (accumulated deficit)292,711(159,774)(195,258)(181,711)(182,497)(224,822)
Other undisclosed equity, attributable to parent1408765646464
Equity, attributable to noncontrolling interest684,703487,767470,655490,152491,852446,558
Total equity:2,324,0171,046,261815,536835,751826,492725,732
TOTAL LIABILITIES AND EQUITY:3,937,4011,556,3671,005,2571,125,5431,004,308834,417

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,695,154419,643144,523191,262165,356108,078
Revenue, net108,078
Cost of revenue(669,282)(182,835)(135,586)(113,019)(82,650)(19,658)
Cost of goods and services sold      (19,658)
Gross profit:1,025,872236,8088,93778,24382,70688,420
Operating expenses(73,667)(47,465)(93,754)(26,333)(40,563)(16,528)
Other undisclosed operating income (loss)13,9007382043,2221,919(121,767)
Operating income (loss):966,105190,081(84,613)55,13244,062(49,875)
Nonoperating income (expense)(191,072)(126,716)55,067(51,887)53,621(11,231)
Investment income, nonoperating(125,107)(116,761)59,899(43,983)60,947(7,986)
Interest and debt expense  (322)(412)(325)(257)
Income (loss) from continuing operations before equity method investments, income taxes:775,03363,365(29,868)2,83397,358(61,363)
Other undisclosed income from continuing operations before income taxes  322412325257
Income (loss) from continuing operations before income taxes:775,03363,365(29,546)3,24597,683(61,106)
Income tax expense (benefit)(124,416)(1,859)112(1,665)(2,470)16,373
Income (loss) from continuing operations:650,61761,506(29,434)1,58095,213(44,733)
Income (loss) before gain (loss) on sale of properties:61,506(29,434)1,58095,213(44,733)
Net income (loss):650,61761,506(29,434)1,58095,213(44,733)
Net income (loss) attributable to noncontrolling interest(198,132)(26,022)15,887(861)(52,888)32,219
Net income (loss) available to common stockholders, basic:452,48535,484(13,547)71942,325(12,514)
Dilutive securities, effect on basic earnings per share 12,388     
Net income (loss) available to common stockholders, diluted:464,87335,484(13,547)71942,325(12,514)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):650,61761,506(29,434)1,58095,213(44,733)
Comprehensive income (loss):650,61761,506(29,434)1,58095,213(44,733)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(198,132)(26,022)15,887(861)(52,888)32,219
Comprehensive income (loss), net of tax, attributable to parent:452,48535,484(13,547)71942,325(12,514)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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