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)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49,500 | 482 | |||||||
| Cash and cash equivalents | 49,500 | 482 | |||||||
| Receivables | 135,632 | 161,151 | 196,080 | 217,269 | 252,453 | 110,162 | |||
| Derivative instruments and hedges, assets | 7,106 | 14,444 | 31,331 | 14,950 | 3,327 | 1,849 | |||
| Other undisclosed current assets | 19,658 | 24,658 | 18,854 | 19,089 | 13,646 | 4,440 | |||
| Total current assets: | 211,896 | 200,253 | 246,265 | 251,308 | 269,426 | 116,933 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,573 | 6,573 | 4,569 | 2,255 | 2,423 | 2,310 | |||
| Property, plant and equipment | 5,070 | 2,944 | 2,389 | ||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 3,801,270 | 3,753,598 | 3,656,776 | 3,611,922 | 2,959,220 | 2,134,940 | |||
| Derivative instruments and hedges | 2,284 | 73 | 9,117 | 5,526 | 3,523 | 5,810 | |||
| Other noncurrent assets | 92,362 | 17,407 | 15,280 | 16,216 | 53,423 | 58,889 | |||
| Other undisclosed noncurrent assets | 6,056 | 5,571 | 5,394 | ||||||
| Total noncurrent assets: | 3,908,545 | 3,783,222 | 3,691,136 | 3,640,989 | 3,021,533 | 2,204,338 | |||
| TOTAL ASSETS: | 4,120,441 | 3,983,475 | 3,937,401 | 3,892,297 | 3,290,959 | 2,321,271 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 156,025 | 163,852 | 172,757 | 184,885 | 153,354 | 109,528 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 4,100 | 800 | 600 | ||
| Accounts payable | 53,824 | 40,148 | 91,815 | 75,162 | 80,386 | 69,749 | |||
| Accrued liabilities | 102,201 | 123,704 | 80,942 | 105,623 | 72,168 | 39,179 | |||
| Debt | 1,083 | 880 | 802 | 784 | |||||
| Derivative instruments and hedges, liabilities | 31,702 | 3,864 | 14,053 | 28,404 | 122,067 | 150,055 | |||
| Asset retirement obligation | 860 | 881 | 948 | 941 | 390 | 609 | |||
| Other liabilities | 14,335 | 11,447 | 16,202 | 4,105 | 767 | 630 | |||
| Other undisclosed current liabilities | 178,735 | 204,032 | 171,522 | 171,041 | 155,911 | 124,761 | |||
| Total current liabilities: | 382,740 | 384,956 | 376,284 | 390,160 | 432,489 | 385,583 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,022,706 | 992,720 | 1,054,755 | 1,177,101 | 934,489 | 625,954 | |||
| Long-term debt, excluding current maturities | 1,021,555 | 991,855 | 1,053,879 | 1,174,549 | 932,753 | 624,229 | |||
| Finance lease, liability | 1,151 | 865 | 876 | 1,003 | |||||
| Liabilities, other than long-term debt | 223,168 | 198,069 | 182,345 | 150,573 | 104,597 | 67,432 | |||
| Asset retirement obligations | 29,695 | 29,941 | 29,611 | 35,837 | 35,555 | 21,509 | |||
| Deferred income tax liabilities | 174,565 | 156,937 | 138,336 | 93,322 | 36,277 | 14,404 | |||
| Other liabilities | 4,760 | 3,735 | 10,509 | 13,574 | 13,004 | 9,744 | |||
| Operating lease, liability | 3,524 | 3,758 | 3,889 | 1,549 | 1,736 | 1,725 | |||
| Derivative instruments and hedges, liabilities | 10,624 | 3,698 | 7,840 | 19,761 | 21,775 | ||||
| Total noncurrent liabilities: | 1,245,874 | 1,190,789 | 1,237,100 | 1,327,674 | 1,039,086 | 693,386 | |||
| Total liabilities: | 1,628,614 | 1,575,745 | 1,613,384 | 1,717,834 | 1,471,575 | 1,078,969 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,757,098 | 1,697,364 | 1,639,314 | 1,545,257 | 1,278,039 | 773,948 | |||
| Additional paid in capital | 1,345,657 | 1,343,965 | 1,346,463 | 1,382,026 | 1,326,293 | 967,093 | |||
| Retained earnings (accumulated deficit) | 411,301 | 353,259 | 292,711 | 163,089 | (48,367) | (193,252) | |||
| Other undisclosed equity, attributable to parent | 140 | 140 | 140 | 142 | 113 | 107 | |||
| Equity, attributable to noncontrolling interest | 734,729 | 710,366 | 684,703 | 629,206 | 541,345 | 468,354 | |||
| Total equity: | 2,491,827 | 2,407,730 | 2,324,017 | 2,174,463 | 1,819,384 | 1,242,302 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,120,441 | 3,983,475 | 3,937,401 | 3,892,297 | 3,290,959 | 2,321,271 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 370,008 | 413,136 | 494,958 | 531,495 | 472,551 | 196,150 | ||
| Cost of revenue | (278,651) | (228,741) | (227,107) | (221,731) | (151,172) | (69,294) | ||
| Gross profit: | 91,357 | 184,395 | 267,851 | 309,764 | 321,379 | 126,856 | ||
| Operating expenses | 21,472 | (22,007) | (31,578) | (4,169) | (14,383) | (23,515) | ||
| Other undisclosed operating income (loss) | 49,254 | (3,140) | (903) | 14,803 | ||||
| Operating income: | 162,083 | 159,248 | 235,370 | 320,398 | 306,996 | 103,341 | ||
| Nonoperating income (expense) | (61,582) | (54,436) | (7,470) | 39,432 | (66,283) | (156,751) | ||
| Investment income, nonoperating | (40,309) | (26,464) | 15,994 | 60,286 | (49,907) | (151,480) | ||
| Interest and debt expense | (5,109) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 100,501 | 99,703 | 227,900 | 359,830 | 240,713 | (53,410) | ||
| Other undisclosed income from continuing operations before income taxes | 5,109 | |||||||
| Income (loss) from continuing operations before income taxes: | 100,501 | 104,812 | 227,900 | 359,830 | 240,713 | (53,410) | ||
| Income tax expense (benefit) | (18,053) | (18,601) | (42,743) | (60,518) | (22,688) | 1,533 | ||
| Income (loss) from continuing operations: | 82,448 | 86,211 | 185,157 | 299,312 | 218,025 | (51,877) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 299,312 | 218,025 | (51,877) | |
| Net income (loss): | 82,448 | 86,211 | 185,157 | 299,312 | 218,025 | (51,877) | ||
| Net income (loss) attributable to noncontrolling interest | (24,406) | (25,663) | (55,535) | (87,856) | (73,140) | 18,399 | ||
| Net income (loss) available to common stockholders, basic: | 58,042 | 60,548 | 129,622 | 211,456 | 144,885 | (33,478) | ||
| Dilutive securities, effect on basic earnings per share | 1,068 | 4,351 | ||||||
| Net income (loss) available to common stockholders, diluted: | 58,042 | 60,548 | 129,622 | 212,524 | 149,236 | (33,478) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 82,448 | 86,211 | 185,157 | 299,312 | 218,025 | (51,877) | ||
| Comprehensive income (loss): | 82,448 | 86,211 | 185,157 | 299,312 | 218,025 | (51,877) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (24,406) | (25,663) | (55,535) | (87,856) | (73,140) | 18,399 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 58,042 | 60,548 | 129,622 | 211,456 | 144,885 | (33,478) | ||
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.