Noncontrolling Interest

9 Months Ended

Sep. 30, 2023

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 Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2023 and 2022 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 Condensed Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022 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 nine months ended September 30, 2023:


	EEH Units Held By Earthstone and Lynden US	%		EEH Units Held By Others	%		Total EEH Units Outstanding
As of December 31, 2022	105,547,139	75.5	%	34,259,641	24.5	%	139,806,780
EEH Units exchanged for shares of Class A Common Stock	2,000			(2,000)			—
EEH Units cancelled in connection with the settlement of Chisholm escrow shares	(105,894)			—			(105,894)



EEH Units issued in connection with the vesting of restricted stock units and performance units	1,000,346			—			1,000,346
As of September 30, 2023	106,443,591	75.7	%	34,257,641	24.3	%	140,701,232