XML 35 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUES    
Revenues $ 191,262 $ 165,356
OPERATING COSTS AND EXPENSES    
Lease operating expense 28,683 18,746
Production and ad valorem taxes 11,871 9,836
Impairment expense 0 4,581
Depreciation, depletion and amortization 69,243 47,568
General and administrative expense 27,611 27,346
Transaction costs 1,077 14,337
Accretion of asset retirement obligation 214 169
Exploration expense 653 630
Total operating costs and expenses 139,352 123,213
Gain on sale of oil and gas properties, net 3,222 1,919
Income from operations 55,132 44,062
OTHER INCOME (EXPENSE)    
Interest expense, net (6,566) (2,898)
Write-off of deferred financing costs (1,242) 0
(Loss) gain on derivative contracts, net (43,983) 60,947
Litigation settlement 0 (4,675)
Other income (expense), net (96) 247
Total other income (expense) (51,887) 53,621
Income before income taxes 3,245 97,683
Income tax expense (1,665) (2,470)
Net income 1,580 95,213
Less: Net income attributable to noncontrolling interest 861 52,888
Net income attributable to Earthstone Energy, Inc. $ 719 $ 42,325
Net income per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ 0.02 $ 1.50
Diluted (in dollars per share) $ 0.02 $ 1.50
Weighted average common shares outstanding:    
Basic (in shares) 28,983,354 28,153,885
Diluted (in shares) 29,360,885 28,217,774
Oil Revenue    
REVENUES    
Revenues $ 171,925 $ 140,775
Natural Gas (MMcf)    
REVENUES    
Revenues 3,913 7,396
NGLs (MBbl)    
REVENUES    
Revenues $ 15,424 $ 17,185