Net (Loss) Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Reconciliation of Net (Loss) Income Per Common Share

A reconciliation of Net (loss) income per common share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net (loss) income attributable to Earthstone Energy, Inc.	$	(8,871)	$	(16,339)	$	(14,704)	$	369
Net (loss) income per common share attributable to Earthstone Energy, Inc.:
Basic	$	(0.20)	$	(0.55)	$	(0.34)	$	0.01
Diluted	$	(0.20)	$	(0.55)	$	(0.34)	$	0.01
Weighted average common shares outstanding
Basic	44,127,718		29,858,162		43,457,043		29,677,795
Add potentially dilutive securities:
Unvested restricted stock units (1)	—		—		—		—
Unvested performance units (1)	—		—		—		—
Diluted weighted average common shares outstanding	44,127,718		29,858,162		43,457,043		29,677,795

(1)For the three and six months ended June 30, 2021, the Company had no dilutive effect related to unvested restricted stock units or performance units due to the loss for the period. For the three and six months ended June 30, 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 the period were in excess of the weighted average outstanding fair value for the unvested shares for the same period.