Noncontrolling Interest

3 Months Ended

Mar. 31, 2022

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 loss attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 represents the portion of net 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 March 31, 2022 and 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 term “EEH Unit” means the units of limited liability company interests of EEH denominated as common units.

The following table presents the changes in noncontrolling interest for the three months ended March 31, 2022:


	EEH Units Held By Earthstone and Lynden US	%		EEH Units Held By Others	%		Total EEH Units Outstanding
As of December 31, 2021	53,467,307	60.9	%	34,344,532	39.1	%	87,811,839
EEH Units issued in connection with the Chisholm Acquisition	19,417,476			—			19,417,476

EEH Units and Class B Common Stock converted to Class A Common Stock	72,766			(72,766)			—
EEH Units issued in connection with the vesting of restricted stock units and performance-based units	483,251			—			483,251
As of March 31, 2022	73,440,800	68.2	%	34,271,766	31.8	%	107,712,566