Noncontrolling Interest

12 Months Ended

Dec. 31, 2021

Earthstone 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 attributable to noncontrolling interest in the Consolidated Statements of Operations for the year ended December 31, 2021 represents the portion of net income attributable to the economic interest in the Company held by the members of EEH other than Earthstone and Lynden US. Noncontrolling interest in the Consolidated Balance Sheet as of December 31, 2021 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 year ended December 31, 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 issued in connection with the Foreland Acquisition	2,611,111			—			2,611,111
EEH Units issued in connection with the vesting of restricted stock units	928,342			—			928,342
EEH Units and Class B Common Stock converted to Class A Common Stock	664,839			(664,839)			—
As of December 31, 2021	53,467,307	60.9	%	34,344,532	39.1	%	87,811,839