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Stock impact report

Earthstone Energy, Inc. Reports 2021 Second Quarter and Year-to-Date Financial Results

Earthstone Energy, Inc. Class A (ESTE) 
NASDAQ:AMEX Investor Relations: investor.earthstoneenergy.com
Company Research Source: PR Newswire
THE WOODLANDS, Texas, Aug. 4, 2021 /PRNewswire/ -- Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone", the "Company", "we", "our" or "us"), today announced financial and operating results for the three and six months ended June 30, 2021. Second Quarter 2021 HighlightsAnnounced the Tracker Acquisition(1) which closed subsequent to quarter end on July 20, 2021 Closed Eagle Ford working interest acquisitions in May and June 2021 for $48.0 million Net loss of $15.8 million Adjusted net income(2) of $20.3 million Adjusted EBITDAX(2) of $53.7 million ($25.96 per Boe) Net cash provided by operating activities(4) of $55.1 million Free Cash Flow(2) of $28.4 million Average daily production of 22,716 Boepd(3) All-in cash costs(2) of $11.65 per Boe Operating Margin(2) of $35.19 per Boe ($28.19 including realized hedge settlements)Year-to-Date 2021 HighlightsClosed the IRM Acquisition(5) on January 7, 2021 Net loss of $26.4 million Adjusted net income of $33.7 million(2) Adjusted EBITDAX(2) of $9 Show less Read more
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