Earthstone Energy Past Earnings Performance

Past criteria checks 1/6

Earthstone Energy has been growing earnings at an average annual rate of 69.4%, while the Oil and Gas industry saw earnings growing at 32.8% annually. Revenues have been growing at an average rate of 58.3% per year. Earthstone Energy's return on equity is 17.1%, and it has net margins of 17.7%.

Key information

69.4%

Earnings growth rate

46.0%

EPS growth rate

Oil and Gas Industry Growth	33.7%
Revenue growth rate	58.3%
Return on equity	17.1%
Net Margin	17.7%
Last Earnings Update	30 Sep 2023

Recent past performance updates

Recent updates

Permian Resources: The Best Permian Pure Play On The Market

Oct 08

Earthstone Energy: Valued Fairly In Its $4.5 Billion Acquisition By Permian Resources

Aug 22

Here's Why Earthstone Energy (NYSE:ESTE) Can Manage Its Debt Responsibly

Aug 16

Earthstone Energy: Still Shopping For Bargains

Jul 26

Earthstone Buys Novo Oil & Gas For A Modest Price; Significant Upside For Heavily Discounted Vital Energy

Jun 18

These 4 Measures Indicate That Earthstone Energy (NYSE:ESTE) Is Using Debt Extensively

Sep 19

Earthstone Energy: Market Perceived Risk Climbing

Aug 28

Calculating The Intrinsic Value Of Earthstone Energy, Inc. (NYSE:ESTE)

Aug 24

Earthstone Energy Non-GAAP EPS of $1.29 beats by $0.01, revenue of $472.55M beats by $92.52M

Aug 04

Earthstone Energy: Growth Ahead

Jul 01

Revenue & Expenses Breakdown

How Earthstone Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:ESTE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 23	1,754	310	105	0
30 Jun 23	1,810	460	94	0
31 Mar 23	1,912	547	82	0
31 Dec 22	1,695	452	77	0
30 Sep 22	1,344	363	60	0
30 Jun 22	923	162	51	0
31 Mar 22	540	8	46	0
31 Dec 21	420	35	42	0
30 Sep 21	312	-13	34	0
30 Jun 21	243	-29	32	0
31 Mar 21	175	-36	29	0
31 Dec 20	145	-14	29	0
30 Sep 20	175	-8	28	0
30 Jun 20	173	10	28	0
31 Mar 20	196	35	28	0
31 Dec 19	191	1	28	0
30 Sep 19	172	39	29	0
30 Jun 19	176	28	28	0
31 Mar 19	167	20	28	0
31 Dec 18	165	42	28	0
30 Sep 18	151	9	26	0
30 Jun 18	137	10	29	0
31 Mar 18	126	-8	29	0
31 Dec 17	102	-13	27	0
30 Sep 17	83	-48	23	0
30 Jun 17	63	-53	20	0
31 Mar 17	48	-47	15	0
31 Dec 16	40	-55	13	0
30 Sep 16	33	-138	11	0
30 Jun 16	36	-132	10	1
31 Mar 16	41	-122	10	1
31 Dec 15	45	-117	10	0
30 Sep 15	49	-37	11	1
30 Jun 15	48	-35	10	1
31 Mar 15	45	-33	9	1
31 Dec 14	46	-29	7	1
30 Sep 14	43	-4	9	1
30 Jun 14	42	-7	9	1
31 Mar 14	37	-13	9	1
31 Dec 13	29	-20	9	0
31 Dec 12	17	-53	3	1

Quality Earnings: ESTE has a high level of non-cash earnings.

Growing Profit Margin: ESTE's current net profit margins (17.7%) are lower than last year (27%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ESTE's earnings have grown significantly by 69.4% per year over the past 5 years.

Accelerating Growth: ESTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ESTE had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-7.1%).

Earthstone Energy Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Recent updates

Earthstone Energy, Inc. Files Form 15

Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Earthstone Energy, Inc. Declares A Cash Dividend on Class A and Class B Common Stock, Payable on November 6, 2023

Insider recently sold US$445k worth of stock

Insider notifies of intention to sell stock

Permian Resources: The Best Permian Pure Play On The Market

Executive Chairman notifies of intention to sell stock

Earthstone Energy: Valued Fairly In Its $4.5 Billion Acquisition By Permian Resources

Permian Resources Corporation (NYSE:PR) entered into a definitive agreement to acquire Earthstone Energy, Inc. (NYSE:ESTE) from EnCap Investments L.P. and others for approximately $2.7 billion.

Consensus EPS estimates increase by 12%

Here's Why Earthstone Energy (NYSE:ESTE) Can Manage Its Debt Responsibly

Consensus EPS estimates increase by 16%

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2023

Earthstone Energy: Still Shopping For Bargains

Consensus EPS estimates fall by 16%, revenue upgraded

New major risk - Revenue and earnings growth

Earthstone Energy, Inc.(NYSE:ESTE) dropped from Russell Small Cap Comp Growth Index

Earthstone Buys Novo Oil & Gas For A Modest Price; Significant Upside For Heavily Discounted Vital Energy

Earthstone Energy, Inc. (NYSE:ESTE) entered into an agreement to acquire Novo Oil & Gas Holdings, LLC from EnCap Investments L.P. and others for $1.5 billion.

Why We Like The Returns At Earthstone Energy (NYSE:ESTE)

Here's Why We Think Earthstone Energy (NYSE:ESTE) Is Well Worth Watching

Earthstone Energy (NYSE:ESTE) Takes On Some Risk With Its Use Of Debt

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Consensus EPS estimates fall by 12%

President recently bought US$116k worth of stock

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

A Look At The Fair Value Of Earthstone Energy, Inc. (NYSE:ESTE)

Now 20% undervalued after recent price drop

Black Mountain Energy Ltd (ASX:BME) acquired 8 Operating Wells And Leases in Permian Basin from Earthstone Energy, Inc. (NYSE:ESTE).

Earthstone Energy, Inc. Provides Production Guidance for the Year 2023

Earthstone Energy Provides 2023 Guidance After A Strong Finish To 2022

CEO, President & Director exercised options and sold US$1.4m worth of stock

Price target decreased by 7.6% to US$25.33

Now 21% undervalued after recent price drop

Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million.

Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million.

Earthstone Energy: It Is Showtime

Earthstone Energy: A Look At Its Potential 2023 Outlook

Investor sentiment deteriorated over the past week

Insider recently sold US$783k worth of stock

Insider recently sold US$783k worth of stock

Earthstone Energy Doing Well - Can It Continue?

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy, Inc. Provides Production Guidance for the Fourth Quarter of 2022

Earthstone Energy, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Earthstone Energy, Inc. (NYSE:ESTE) announces an Equity Buyback for 3,000,000 shares, for $44 million.

Earthstone Energy announces repurchase of 3M shares for $44M

Investor sentiment improved over the past week

Now 22% undervalued after recent price drop

These 4 Measures Indicate That Earthstone Energy (NYSE:ESTE) Is Using Debt Extensively

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Earthstone Energy: Market Perceived Risk Climbing

Calculating The Intrinsic Value Of Earthstone Energy, Inc. (NYSE:ESTE)

Consensus forecasts updated

Earthstone Energy, Inc. Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Earthstone Energy Non-GAAP EPS of $1.29 beats by $0.01, revenue of $472.55M beats by $92.52M

Earthstone Energy, Inc. to Report Q2, 2022 Results on Aug 05, 2022

Consensus EPS estimates increase by 45%

Independent Director recently bought US$236k worth of stock

Earthstone Energy: Growth Ahead

Earthstone Energy, Inc. (NYSE:ESTE) entered into an agreement to acquire New Mexico assets of Titus Oil & Gas Production, LLC and Titus Oil & Gas Production II, LLC for approximately $630 million.

Earthstone Energy, Inc.(NYSE:ESTE) dropped from Russell 2000 Value Index