Noncontrolling Interest

9 Months Ended

Sep. 30, 2021

Noncontrolling InterestEarthstone consolidates the financial results of EEH and its subsidiaries and records a noncontrolling interest for the economic interest in Earthstone held by the members of EEH other than Earthstone and Lynden US. Net income (loss) attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021 and 2020 represents the portion of net income (loss) attributable to the economic interest in the Company held by the members of EEH other than Earthstone and Lynden US. Noncontrolling interest in the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020 represents the portion of net assets of the Company attributable to the members of EEH other than Earthstone and Lynden US.

The following table presents the changes in noncontrolling interest for the nine months ended September 30, 2021:


	EEH Units Held By Earthstone and Lynden US	%		EEH Units Held By Others	%		Total EEH Units Outstanding
As of December 31, 2020	30,343,421	46.4	%	35,009,371	53.6	%	65,352,792
EEH Units issued in connection with the IRM Acquisition	12,719,594			—			12,719,594
EEH Units issued in connection with the Tracker/Sequel Acquisitions	6,200,000			—			6,200,000
EEH Units and Class B Common Stock converted to Class A Common Stock	655,376			(655,376)			—
EEH Units issued in connection with the vesting of restricted stock units and performance-based units	773,666			—			773,666
As of September 30, 2021	50,692,057	59.6	%	34,353,995	40.4	%	85,046,052