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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Revenues $ 39,204,000 $ 46,076,000 $ 124,474,000 $ 124,121,000
OPERATING COSTS AND EXPENSES        
Lease operating expense 7,259,000 4,843,000 22,531,000 14,509,000
Severance taxes 1,858,000 2,254,000 5,955,000 6,115,000
Impairment expense 0 833,000 0 833,000
Depreciation, depletion and amortization 14,079,000 12,842,000 42,281,000 33,362,000
General and administrative expense 6,230,000 4,944,000 20,528,000 18,809,000
Transaction costs 42,000 892,000 217,000 892,000
Accretion of asset retirement obligation 52,000 44,000 160,000 128,000
Total operating costs and expenses 29,520,000 26,652,000 91,672,000 74,648,000
(Loss) gain on sale of oil and gas properties (120,000) 4,096,000 (446,000) 4,608,000
Income from operations 9,564,000 23,520,000 32,356,000 54,081,000
OTHER INCOME (EXPENSE)        
Interest expense, net (1,609,000) (565,000) (4,735,000) (1,788,000)
Gain (loss) on derivative contracts, net 18,726,000 (17,481,000) (19,672,000) (33,606,000)
Litigation settlement 0 (4,775,000) 0 (4,775,000)
Other income (expense), net 21,000 37,000 (1,000) 434,000
Total other income (expense) 17,138,000 (22,784,000) (24,408,000) (39,735,000)
Income before income taxes 26,702,000 736,000 7,948,000 14,346,000
Income tax expense (575,000) (172,000) (728,000) (119,000)
Net income 26,127,000 564,000 7,220,000 14,227,000
Net loss attributable to noncontrolling interest 14,357,000 340,000 3,877,000 8,032,000
Net income attributable to Earthstone Energy, Inc. $ 11,770,000 $ 224,000 $ 3,343,000 $ 6,195,000
Net income per common share attributable to Earthstone Energy, Inc.:        
Basic (in dollars per share) $ 0.41 $ 0.01 $ 0.12 $ 0.22
Diluted (in dollars per share) $ 0.41 $ 0.01 $ 0.12 $ 0.22
Weighted average common shares outstanding:        
Basic (in shares) 29,032,842 28,257,376 28,883,907 28,011,298
Diluted (in shares) 29,032,842 28,311,759 28,883,907 28,108,365
Oil        
REVENUES        
Revenues $ 35,443,000 $ 38,791,000 $ 111,657,000 $ 105,111,000
Natural gas        
REVENUES        
Revenues 903,000 1,790,000 2,126,000 6,257,000
Natural gas liquids        
REVENUES        
Revenues $ 2,858,000 $ 5,495,000 $ 10,691,000 $ 12,753,000