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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Revenues $ 45,138,000 $ 40,728,000
OPERATING COSTS AND EXPENSES    
Lease operating expense 9,339,000 6,061,000
Production and ad valorem taxes 3,023,000 2,594,000
Depreciation, depletion and amortization 24,656,000 14,005,000
Impairment expense 60,371,000 0
General and administrative expense 7,132,000 7,075,000
Transaction costs 844,000 370,000
Accretion of asset retirement obligation 44,000 54,000
Exploration expense 301,000 0
Total operating costs and expenses 105,710,000 30,159,000
Gain (loss) on sale of oil and gas properties 204,000 (125,000)
(Loss) income from operations (60,368,000) 10,444,000
OTHER INCOME (EXPENSE)    
Interest expense, net (1,736,000) (1,449,000)
Gain (loss) on derivative contracts, net 99,784,000 (47,894,000)
Other income (expense), net 126,000 (4,000)
Total other income (expense) 98,174,000 (49,347,000)
Income (loss) before income taxes 37,806,000 (38,903,000)
Income tax (expense) benefit (1,092,000) 460,000
Net income (loss) 36,714,000 (38,443,000)
Net loss attributable to noncontrolling interest 20,006,000 (21,239,000)
Net income (loss) attributable to Earthstone Energy, Inc. $ 16,708,000 $ (17,204,000)
Net income (loss) per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ 0.57 $ (0.60)
Diluted (in dollars per share) $ 0.57 $ (0.60)
Weighted average common shares outstanding:    
Basic (in shares) 29,497,428 28,719,542
Diluted (in shares) 29,497,428 28,719,542
Oil    
REVENUES    
Revenues $ 41,012,000 $ 35,447,000
Natural gas    
REVENUES    
Revenues 1,086,000 1,094,000
Natural gas liquids    
REVENUES    
Revenues $ 3,040,000 $ 4,187,000