Earthstone Energy Q3 adj EPS $0.75 Misses $0.77 Estimate, Sales $475.82M Beat $447.97M Estimate

11/1/23 2:10:11 AM ET

Oil & Gas Production

Energy

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Earthstone Energy (NYSE:ESTE) reported quarterly adj earnings of $0.75 per share which missed the analyst consensus estimate of $0.77 by 2.6 percent. This is a 42.31 percent decrease over earnings of $1.30 per share from the same period last year. The company reported quarterly sales of $475.82 million which beat the analyst consensus estimate of $447.97 million by 6.22 percent. This is a 10.48 percent decrease over sales of $531.50 million the same period last year.

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Recent Analyst Ratings for
$ESTE

Date	Price Target	Rating	Analyst
7/19/2023	$27.00	Overweight	CapitalOne
4/25/2023	$18.00	Overweight	Stephens
1/10/2023	$19.00	Neutral	Mizuho
7/6/2022	$21.00	Outperform → Sector Perform	RBC Capital Mkts
4/14/2022	$15.00	Equal-Weight	Stephens
12/17/2021	$11.00 → $12.00	Underweight	Wells Fargo
11/3/2021	$15.00	Buy	Benchmark
11/3/2021	$15.00	Buy	The Benchmark Company

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Permian Resources Completes Acquisition of Earthstone Energy
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. ("Earthstone") (NYSE:ESTE). The transaction was previously approved by Permian Resources and Earthstone shareholders at special meetings held on October 30, 2023. James Walter, Co-CEO of Permian Resources, commented, "We are excited to complete this transaction and welcome the Earthstone team to Permian Resources. This acquisition reinforces Permian Resources' position as a premier Delaware Basin independent E&P which is uniquely situated to drive profitable growth and development in the world-class Permian Basin." "We look forwa
11/1/23 9:26:00 AM ET
$ESTE
$PR
Oil & Gas Production
Energy
Earthstone Declares Cash Dividend
THE WOODLANDS, Texas, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone", the "Company"), today announced that its Board of Directors declared a cash dividend of $0.1446 per share of Class A and Class B common stock. The dividend is payable on November 6, 2023, to shareholders of record as of October 31, 2023 who hold their shares through the closing of Earthstone's previously announced merger with Permian Resources Corporation (NYSE:PR) ("Permian Resources"). The special dividend is conditioned upon the closing of the transaction and is being declared in accordance with the terms of the merger agreement, which provides that (a) the record date of the sp
10/23/23 6:58:22 AM ET
$ESTE
$PR
Oil & Gas Production
Energy
Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P
MIDLAND, Texas and THE WOODLANDS, Texas, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) and Earthstone Energy, Inc. ("Earthstone Energy" or "Earthstone") (NYSE:ESTE) today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone's net debt. Under the terms of the transaction, each share of Earthstone common stock will be exchanged for a fixed ratio of 1.446 shares of Permian Resources common stock. The transaction strengthens Permian Resources' position as a leading Delaware Basi
8/21/23 7:05:31 AM ET
$ESTE
$PR
Oil & Gas Production
Energy

Permian Resources Completes Acquisition of Earthstone Energy
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. ("Earthstone") (NYSE:ESTE). The transaction was previously approved by Permian Resources and Earthstone shareholders at special meetings held on October 30, 2023. James Walter, Co-CEO of Permian Resources, commented, "We are excited to complete this transaction and welcome the Earthstone team to Permian Resources. This acquisition reinforces Permian Resources' position as a premier Delaware Basin independent E&P which is uniquely situated to drive profitable growth and development in the world-class Permian Basin." "We look forwa
11/1/23 9:26:00 AM ET
$ESTE
$PR
Oil & Gas Production
Energy
Earthstone Declares Cash Dividend
THE WOODLANDS, Texas, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone", the "Company"), today announced that its Board of Directors declared a cash dividend of $0.1446 per share of Class A and Class B common stock. The dividend is payable on November 6, 2023, to shareholders of record as of October 31, 2023 who hold their shares through the closing of Earthstone's previously announced merger with Permian Resources Corporation (NYSE:PR) ("Permian Resources"). The special dividend is conditioned upon the closing of the transaction and is being declared in accordance with the terms of the merger agreement, which provides that (a) the record date of the sp
10/23/23 6:58:22 AM ET
$ESTE
$PR
Oil & Gas Production
Energy
Earthstone Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction
THE WOODLANDS, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone", the "Company"), today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the previously-announced agreement for Permian Resources Corporation (NYSE:PR) ("Permian Resources") to acquire all outstanding shares of Earthstone at an exchange ratio of 1.446 shares of Permian Resources for each Earthstone share. The expiration of the HSR Act waiting period occurred at 11:59 p.m. EDT on October 2, 2023, which was a condition to the closing of the pending transaction. Completion of the tr
10/3/23 8:42:10 AM ET
$ESTE
$PR
Oil & Gas Production
Energy

Earthstone Energy Q3 adj EPS $0.75 Misses $0.77 Estimate, Sales $475.82M Beat $447.97M Estimate

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CapitalOne initiated coverage on Earthstone Energy with a new price target

Stephens initiated coverage on Earthstone Energy with a new price target

Mizuho initiated coverage on Earthstone Energy with a new price target

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SEC Form SC 13G/A filed by Earthstone Energy Inc. (Amendment)

SEC Form SC 13D/A filed by Earthstone Energy Inc. (Amendment)

SEC Form SC 13D/A filed by Earthstone Energy Inc. (Amendment)

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Earthstone Energy Completes Acquisition of Independence Resources Management, LLC

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Permian Resources Completes Acquisition of Earthstone Energy

Earthstone Declares Cash Dividend

Permian Resources to Acquire Earthstone Energy in All-Stock Transaction, Creating a $14 Billion Premier Delaware Basin Independent E&P

Permian Resources Completes Acquisition of Earthstone Energy

Earthstone Declares Cash Dividend

Earthstone Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction

$ESTE
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Encap Partners Gp, Llc returned 22,122,820 shares to the company and returned 33,956,524 units of Class B Common Stock to the company (SEC Form 4)

Joliat Jay Frederick returned 239,138 shares to the company, closing all direct ownership in the company (SEC Form 4)

Urban Zachary G. returned 86,915 shares to the company, closing all direct ownership in the company (SEC Form 4)

$ESTE
SEC Filings

SEC Form 15-12G filed by Earthstone Energy Inc.

SEC Form EFFECT filed by Earthstone Energy Inc.

SEC Form EFFECT filed by Earthstone Energy Inc.

$ESTE
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