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Stock impact report

Earthstone Energy, Inc. Reports 2022 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, 2022 /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, 2022.Second Quarter 2022 HighlightsExecuted the Titus Acquisition PSAs on June 27, 2022, which are expected to close in mid-August 2022On April 12, 2022, closed a $550 million offering of 8.0% senior unsecured notes due 2027Closed the Bighorn Acquisition on April 14, 2022Issued $280 million of Preferred Stock in a private placement on April 14, 2022, which was converted into 25,225,225 shares of our Class A common stock on July 6, 2022Net income attributable to Earthstone Energy, Inc. of $144.9 million, or $1.46 per Diluted ShareNet income of $218.0 million, or $1.60 per Adjusted Diluted Share(1)Adjusted net income(1) of $175.7 million, or $1.29 per Adjusted Diluted Share(1)Adjusted EBITDAX(1) of $300.9 million, up 144% compared to 1Q 2022Net cash provided Show less Read more
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