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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Oil $ 34,417 $ 12,519
Natural gas 2,684 1,694
Natural gas liquids 3,794 1,130
Total revenues 40,895 15,343
OPERATING COSTS AND EXPENSES    
Lease operating expense 4,657 4,339
Severance taxes 2,037 790
Depreciation, depletion and amortization 9,708 7,889
General and administrative expense 4,639 3,492
Stock-based compensation 1,940 1,311
Transaction costs 0 803
Accretion of asset retirement obligation 41 152
Total operating costs and expenses 23,022 18,776
Gain on sale of oil and gas properties 449 0
Income (loss) from operations 18,322 (3,433)
OTHER INCOME (EXPENSE)    
Interest expense, net (613) (337)
(Loss) gain on derivative contracts, net (5,275) 4,460
Other income, net 6 1
Total other income (expense) (5,882) 4,124
Income before income taxes 12,440 691
Income tax (expense) benefit (249) 38
Net income 12,191 729
Net income attributable to noncontrolling interest 6,870 0
Net income attributable to Earthstone Energy, Inc. $ 5,321 $ 729
Net income per common share attributable to Earthstone Energy, Inc.:    
Basic (in dollars per share) $ 0.19 $ 0.03
Diluted (in dollars per share) $ 0.19 $ 0.03
Weighted average common shares outstanding:    
Basic (in shares) 27,783,805 22,276,996
Diluted (in shares) 27,911,924 22,585,474