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Net Income (Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Net (Loss) Income Per Common Share
A reconciliation of Net income (loss) per common share is as follows:
 
 
Three Months Ended
March 31,
(In thousands, except per share amounts)
 
2020
 
2019
Net income (loss) attributable to Earthstone Energy, Inc.
 
$
16,708

 
$
(17,204
)
 
 
 
 
 
Net income (loss) per common share attributable to Earthstone Energy, Inc.:
 
 
 
 
Basic
 
$
0.57

 
$
(0.60
)
Diluted
 
$
0.57

 
$
(0.60
)
 
 
 
 
 
Weighted average common shares outstanding
 
 
 
 
Basic
 
29,497,428

 
28,719,542

Add potentially dilutive securities:
 
 
 
 
Unvested restricted stock units (1)
 
—

 
—

Unvested performance units (1)
 
—

 
—

Diluted weighted average common shares outstanding
 
29,497,428

 
28,719,542

 
 
 
 
 

(1)For the three months ended March 31, 2020, the Company had no dilutive effect related to unvested restricted stock units or performance units as, under the treasury stock method, the proceeds from the average unrecognized expense for both during the period were in excess of the weighted average outstanding fair value for the unvested shares for the same period.