2. Earnings Per Share (Tables)

3 Months Ended

Jun. 30, 2014

Earnings Per Share Tables

Amounts used in computing earnings per share and the effects of potentially dilutive securities

The amounts used in computing earnings per share and the effects of potentially dilutive securities on the weighted average number of common shares were as follows:

	06/30/14		06/30/13
	(Unaudited)		(Unaudited)
Net income attributable to Earthstone Energy, Inc.
shareholders	$	997,000	$	693,000
Weighted average number of shares used in basic earnings
per share		1,719,042		1,710,829
Effects of dilutive securities:
Unvested common shares*		5,470		-
Weighted average number of shares used in diluted
earnings per share		1,724,512		1,710,829
Basic earnings per share attributable to Earthstone
Energy, Inc. shareholders	$	0.58	$	0.40
Diluted earnings per share attributable to Earthstone
Energy, Inc. shareholders	$	0.58	$	0.40

* As of June 30, 2013, we have excluded unvested common shares outstanding from the calculation of diluted earnings per share, as the inclusion of these shares would have been anti-dilutive.