Earthstone Energy (ESTE)

Company Profile

Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in the development and operation of oil and natural gas properties. Its primary assets are located in the Midland Basin of west Texas and the Eagle Ford Trend of south Texas.

Company profile

Ticker

ESTE

Exchange

NYSE

Website

www.earthstoneenergy.com

CEO

Frank Lodzinski

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Devon Energy • Chesapeake Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv • California Resources • Murphy Oil ...

Former names

BASIC EARTH SCIENCE SYSTEMS INC

SEC CIK

0000010254

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Earthstone Operating, LLC • Earthstone Energy Holdings, LLC • Lynden Energy Corp. • Lynden USA Inc. • Earthstone Permian LLC • Sabine River Energy, LLC • Independence Resources Technologies, LLC ...

IRS number

840592823

ESTE stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

8-K

Earthstone Energy, Inc. Reports 2022 Fourth Quarter and Full Year Results

Earthstone Provides Operational and Financial Update, 2023 Guidance and Proved Reserves

16 Feb 23

8-K

Departure of Directors or Certain Officers

12 Jan 23

8-K

Earthstone Energy, Inc. Reports 2022 Third Quarter and Year-to-Date Financial Results

2 Nov 22

Prospectus with selling stockholder info

31 Oct 22

8-K

Earthstone Announces Share Repurchase

12 Oct 22

8-K/A

Statements of Revenues and Direct Operating Expenses Table of Contents

30 Sep 22

424B7

Prospectus with selling stockholder info

29 Sep 22

Transcripts

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ESTE

Earnings call transcript

2022 Q4

9 Mar 23

ESTE

Earnings call transcript

2022 Q3

3 Nov 22

ESTE

Earnings call transcript

2022 Q2

5 Aug 22

ESTE

Earnings call transcript

2022 Q1

9 May 22

ESTE

Earnings call transcript

2021 Q4

10 Mar 22

ESTE

Earnings call transcript

2021 Q3

6 Nov 21

ESTE

Earnings call transcript

2021 Q2

8 Aug 21

ESTE

Earnings call transcript

2021 Q1

9 May 21

ESTE

Earnings call transcript

2020 Q4

11 Mar 21

ESTE

Earnings call transcript

2020 Q3

8 Nov 20

Latest ownership filings

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Robert John Anderson

20 Mar 23

SC 13G/A

Warburg Pincus Private Equity (E&P) XI-A, L.P.

Bighorn Permian Resources, LLC

Financial summary

Financial statements Chart ESTE financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)		NaN	NaN	NaN	NaN	NaN
Cash burn (monthly)		294.25 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)		810.55 k	n/a	n/a	n/a	n/a
Cash remaining		NaN	n/a	n/a	n/a	n/a
Runway (months of cash)		NaN	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

ESTE institutional ownership history Ownership history

57.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	180	192	-6.3%
Opened positions	28	47	-40.4%
Closed positions	40	23	+73.9%
Increased positions	57	64	-10.9%
Reduced positions	64	57	+12.3%

13F shares	Current	Prev Q	Change
Total value	1.31 tn	2.13 bn	+61581.9%
Total shares	175.46 mm	171.44 mm	+2.3%
Total puts	747.30 k	448.00 k	+66.8%
Total calls	1.04 mm	649.20 k	+59.6%
Total put/call ratio	0.7	0.7	+4.5%

Largest owners	Shares	Value	Change
Bold Energy	56.08 mm	$655.01 mm	0.0%
EnCap Energy Capital Fund XI	19.82 mm	$282.04 bn	0.0%
Warburg Pincus Private Equity	12.88 mm	$0.00	-34.6%
Warburg Pincus	11.38 mm	$161.93 bn	-37.2%
Post Oak Energy	11.17 mm	$158.91 bn	NEW
Cypress Investments	11.17 mm	$170.41 mm	+11.5%
STT State Street	5.67 mm	$80.74 bn	NEW
OnyxPoint Global Management	5.46 mm	$77.74 bn	NEW
Vanguard	3.21 mm	$45.72 bn	+13.7%
BLK Blackrock	2.97 mm	$42.27 bn	+6.0%

Largest transactions	Shares	Bought/sold	Change
Post Oak Energy	11.17 mm	+11.17 mm	NEW
Warburg Pincus Private Equity	12.88 mm	-6.81 mm	-34.6%
Warburg Pincus	11.38 mm	-6.75 mm	-37.2%
STT State Street	5.67 mm	+5.67 mm	NEW
OnyxPoint Global Management	5.46 mm	+5.46 mm	NEW
Bighorn Permian Resources	255.32 k	-5.40 mm	-95.5%
Cypress Investments	11.17 mm	+1.15 mm	+11.5%
G.F.W. Energy XII	0.00	-957.11 k	EXIT
Millennium Management	1.67 mm	+906.85 k	+119.0%
American Century Companies	2.10 mm	+569.10 k	+37.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ESTE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Mar 23	Anderson Robert John	Class A Common Stock	Buy	Acquire P	No	No	11.75	5,000	58.75 k	816,009
16 Mar 23	Anderson Robert John	Class A Common Stock	Buy	Acquire P	No	No	11.45	5,000	57.25 k	811,009
2 Feb 23	Lumpkin Mark Jr	Class A Common Stock	Payment of exercise	Dispose F	No	No	13.78	59,025	813.36 k	321,244
2 Feb 23	Lumpkin Mark Jr	Class A Common Stock	Option exercise	Acquire M	No	No	0	150,000	0.00	380,269
2 Feb 23	Lumpkin Mark Jr	Performance Stock Unit Class A Common Stock	Option exercise	Dispose M	No	No	0	150,000	0.00	0
2 Feb 23	Oviedo Tony	Class A Common Stock	Payment of exercise	Dispose F	No	No	13.78	59,025	813.36 k	189,136
2 Feb 23	Oviedo Tony	Class A Common Stock	Option exercise	Acquire M	No	No	0	150,000	0.00	248,161
2 Feb 23	Oviedo Tony	Performance Stock Unit Class A Common Stock	Option exercise	Dispose M	No	No	0	150,000	0.00	0
2 Feb 23	Anderson Robert John	Class A Common Stock	Payment of exercise	Dispose F	No	No	13.78	103,294	1.42 mm	806,009
2 Feb 23	Anderson Robert John	Class A Common Stock	Option exercise	Acquire M	No	No	0	262,500	0.00	909,303