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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Total revenues $ 1,695,154 $ 419,643 $ 144,523
OPERATING COSTS AND EXPENSES      
Lease operating expense 230,515 49,321 29,131
Production and ad valorem taxes 123,054 26,409 9,411
Rig idle and termination expense 0 0 426
Impairment expense 0 0 64,498
Depreciation, depletion and amortization 301,813 106,367 96,414
General and administrative expense 74,175 41,922 28,233
Transaction costs 8,248 4,875 622
Accretion of asset retirement obligation 2,652 1,065 307
Exploration expense 2,492 341 298
Total operating costs and expenses 742,949 230,300 229,340
Gain on sale of oil and gas properties, net 13,900 738 204
Income (loss) from operations 966,105 190,081 (84,613)
OTHER INCOME (EXPENSE)      
Interest expense, net (66,821) (10,796) (5,232)
(Loss) gain on derivative contracts, net (125,107) (116,761) 59,899
Other income, net 856 841 400
Total other (expense) income (191,072) (126,716) 55,067
Income (loss) before income taxes 775,033 63,365 (29,546)
Income tax (expense) benefit (124,416) (1,859) 112
Net income (loss) 650,617 61,506 (29,434)
Less:  Net income (loss) attributable to noncontrolling interest 198,132 26,022 (15,887)
Net income (loss) attributable to Earthstone Energy, Inc. $ 452,485 $ 35,484 $ (13,547)
Net income (loss) per common share attributable to Earthstone Energy, Inc.:      
Basic (in dollars per share) $ 5.12 $ 0.75 $ (0.45)
Diluted (in dollars per share) $ 4.83 $ 0.71 $ (0.45)
Weighted average common shares outstanding:      
Basic (in shares) 88,349,088 47,169,948 29,911,625
Diluted (in shares) 96,328,217 49,952,093 29,911,625
Oil      
REVENUES      
Total revenues $ 1,114,343 $ 297,177 $ 120,355
Natural gas      
REVENUES      
Total revenues 303,846 50,809 8,567
Natural gas liquids      
REVENUES      
Total revenues $ 276,965 $ 71,657 $ 15,601