Net Income Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(In thousands, except per share amounts)	2023		2022		2023		2022
Net income attributable to Earthstone Energy, Inc.	$	61,358	$	211,456	$	179,948	$	322,863
Net income attributable to Earthstone Energy, Inc. from assumed conversion of Series A Convertible Preferred Stock	—		1,068		—		12,388
Net income attributable to Earthstone Energy, Inc. - Diluted	$	61,358	$	212,524	$	179,948	$	335,251
Net income per common share attributable to Earthstone Energy, Inc.:
Basic	$	0.58	$	2.01	$	1.69	$	3.91
Diluted	$	0.57	$	1.94	$	1.67	$	3.61
Weighted average common shares outstanding
Basic	106,332,278		105,254,778		106,172,873		82,483,635
Add potentially dilutive securities:
Unvested restricted stock units	326,041		353,889		313,342		466,453
Unvested performance units	1,626,910		2,024,871		1,255,489		2,133,158
Series A Convertible Preferred Stock	—		1,645,123		—		7,761,608
Diluted weighted average common shares outstanding	108,285,229		109,278,661		107,741,704		92,844,854