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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Total revenues $ 75,572 $ 45,138
OPERATING COSTS AND EXPENSES    
Lease operating expense 10,849 9,339
Production and ad valorem taxes 5,027 3,023
Depreciation, depletion and amortization 24,407 24,656
Impairment expense 0 60,371
General and administrative expense 8,380 7,132
Transaction costs 2,106 844
Accretion of asset retirement obligations 290 44
Exploration expense 0 301
Total operating costs and expenses 51,059 105,710
Gain on sale of oil and gas properties 0 204
Income (loss) from operations 24,513 (60,368)
OTHER INCOME (EXPENSE)    
Interest expense, net (2,217) (1,736)
(Loss) gain on derivative contracts, net (33,263) 99,784
Other income, net 103 126
Total other (expense) income (35,377) 98,174
(Loss) income before income taxes (10,864) 37,806
Income tax benefit (expense) 308 (1,092)
Net (loss) income (10,556) 36,714
Less: Net (loss) income attributable to noncontrolling interest (4,723) 20,006
Net (loss) income attributable to Earthstone Energy, Inc. $ (5,833) $ 16,708
Net (loss) income per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ (0.14) $ 0.57
Diluted (in dollars per share) $ (0.14) $ 0.57
Weighted average common shares outstanding:    
Basic (in shares) 42,778,916 29,497,428
Diluted (in shares) 42,778,916 29,497,428
Oil    
REVENUES    
Total revenues $ 60,819 $ 41,012
Natural gas    
REVENUES    
Total revenues 5,852 1,086
Natural gas liquids    
REVENUES    
Total revenues $ 8,901 $ 3,040