Net Income(Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Reconciliation of Net Income (Loss) Per Common Share

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net income (loss) attributable to Earthstone Energy, Inc.	$	10,418	$	(5,445)	$	(4,286)	$	(5,076)

Net income (loss) per common share attributable to Earthstone Energy, Inc.:
Basic	$	0.21	$	(0.18)	$	(0.09)	$	(0.17)
Diluted	$	0.20	$	(0.18)	$	(0.09)	$	(0.17)

Weighted average common shares outstanding
Basic	49,243,185		30,073,635		45,406,952		29,810,705
Add potentially dilutive securities:
Unvested restricted stock units (1)	525,475		—		—		—
Unvested performance units (1)	2,894,282		—		—		—
Diluted weighted average common shares outstanding	52,662,942		30,073,635		45,406,952		29,810,705

(1)For the three months ended September 30, 2021, the 1,099,800 performance units granted on January 27, 2021 were excluded due to an assumed settlement in cash and the liability treatment described in Note 9. Stock-Based Compensation. For the nine months ended September 30, 2021, there was no dilutive effect related to unvested restricted stock units or performance units due to the loss for the period. For the three and nine months ended September 30, 2020, there was no dilutive effect related to unvested restricted stock units or performance units due to the loss for the period.