Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliation of Net Income Per Common Share

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

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per share amounts)	2023		2022		2023		2022
Net income attributable to Earthstone Energy, Inc.	$	58,042	$	144,885	$	118,590	$	111,407
Net income attributable to Earthstone Energy, Inc. from assumed conversion of Series A Convertible Preferred Stock	—		4,351		—		4,351
Net income attributable to Earthstone Energy, Inc. - Diluted	$	58,042	$	149,236	$	118,590	$	115,758
Net income per common share attributable to Earthstone Energy, Inc.:
Basic	$	0.55	$	1.85	$	1.12	$	1.57
Diluted	$	0.54	$	1.46	$	1.10	$	1.37
Weighted average common shares outstanding
Basic	106,209,657		78,291,037		106,091,850		70,909,353
Add potentially dilutive securities:
Unvested restricted stock units	204,310		493,600		276,434		506,760
Unvested performance units	922,728		2,003,778		1,069,778		1,979,770
Series A Convertible Preferred Stock	—		21,621,621		—		10,870,539
Diluted weighted average common shares outstanding	107,336,695		102,410,036		107,438,062		84,266,422