EARTHSTONE ENERGY INC ESTE Income Statement

Earthstone energy inc (ESTE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
REVENUES
Revenues
45,138	66,788	39,204	44,542	40,728	41,235	46,076	37,150	40,895	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil
-	-	-	-	-	-	-	-	-	-	25,733	21,563	12,519	12,460	8,262	8,097	5,539	8,263	10,385	12,163	9,038	9,442	8,916	8,508	7,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas
-	-	-	-	-	-	-	-	-	-	2,513	2,131	1,694	1,670	1,417	1,016	943	-26	1,971	1,982	1,530	1,908	2,113	2,593	2,753	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas liquids
-	-	-	-	-	-	-	-	-	-	3,036	2,083	1,130	1,022	851	664	328	-6	677	813	674	668	928	958	956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Well service and water-disposal revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-16	45	13	78	82	109	127	35	36	40	45	38	41	27	1
Total revenues
-	-	-	-	-	-	-	-	-	35,676	31,282	25,777	15,343	15,152	10,530	9,777	6,810	6,331	13,080	16,733	11,320	11,725	12,055	12,145	11,686	4,474	4,672	3,595	3,388	2,834	2,809	2,347	2,776	3,866	2,545	2,525	2,458	1,987	1,997	1,764
OPERATING COSTS AND EXPENSES
Lease operating expense
9,339	6,758	7,259	8,605	6,061	4,237	4,843	5,009	4,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease operating expense
-	-	-	-	-	-	-	-	-	-	5,407	5,243	4,339	3,986	4,581	3,341	3,159	2,671	4,138	4,239	4,374	2,212	2,536	2,376	2,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil and gas production
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,209	1,045	868	835	930	866	823	834	939	983	826	795	1,071	747	617	506
Production and ad valorem taxes
3,023	5,310	1,858	2,109	2,594	3,721	2,254	1,824	2,037	2,355	1,588	1,327	790	780	522	514	382	460	746	746	630	523	481	509	489	468	431	309	274	239	262	196	249	350	200	138	183	130	147	126
Rig idle expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,269	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Re-engineering and workovers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	234	167	119	155	234	121	198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rig idle and termination expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Oil and Gas Properties
-	-	0	-	-	-	833	-	-	-	92	66,648	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
24,656	26,962	14,079	14,197	14,005	14,206	12,842	10,812	9,708	8,657	10,330	10,039	7,889	9,685	5,149	5,598	5,505	8,523	8,107	8,674	5,924	5,383	5,268	4,383	3,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment expense
60,371	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Well service and water-disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	18	19	37	34	18	19	23	0	0	0	6	-	-	-	-
Well service and water disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Depletion and depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,079	1,036	980	786	685	577	461	294	328	363	229	196	323	274	309	259
Accretion of asset retirement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	52	49	49	47	43	44	43	47	43	41	41	42	43	41	40
General and administrative expense
7,132	7,278	6,230	7,028	7,075	8,537	4,944	7,286	6,579	8,895	7,295	7,385	3,492	2,453	2,285	1,990	2,686	2,206	2,450	2,484	2,571	2,014	1,602	1,802	1,412	628	659	693	648	669	627	681	654	473	507	442	407	392	330	386
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	1,311	-	1,328	561	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
844	665	42	0	370	13,445	892	0	0	56	109	3,764	803	842	846	283	512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of asset retirement obligation
44	54	52	54	54	41	44	43	41	56	72	154	152	147	143	133	128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exploration expense
301	-	-	-	0	-	-	-	-	-	-	1	-	0	0	0	5	-	-	142	-	-	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating costs and expenses
105,710	47,680	29,520	31,993	30,159	48,565	26,652	24,974	23,022	28,828	24,893	94,561	18,776	-	14,854	16,210	13,646	-	15,675	16,452	13,618	31,025	10,204	9,191	7,777	3,247	3,006	2,709	2,618	2,412	2,236	2,071	2,217	2,212	1,803	1,618	2,034	1,586	1,444	1,320
Total oil, natural gas, and natural gas liquids revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,033	14,958	11,242	-	11,957	12,059	11,577	4,490	4,627	3,582	3,310	2,752	2,700	2,220	2,741	3,830	2,505	2,480	2,420	1,946	1,970	1,763
Gathering income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	95	78	-	98	86	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of oil and gas properties
204	3,668	-120	-201	-125	-2,689	4,096	63	449	5,257	2,157	1,691	0	-	8	-	-	-	-13	1,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from operations
-60,368	22,776	9,564	12,348	10,444	-10,019	23,520	12,239	18,322	12,105	8,546	-67,093	-3,433	-28,436	-4,316	-6,433	-6,836	-144,617	-2,595	281	-2,298	-19,300	1,851	2,954	3,909	1,227	1,666	886	770	422	573	276	559	1,654	742	907	424	401	553	444
OTHER INCOME (EXPENSE)
Interest expense, net
-1,736	-1,831	-1,609	-1,677	-1,449	-1,110	-565	-610	-613	-826	-903	-633	-337	-348	-341	-370	-223	-215	-169	-169	-169	-	-149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	152	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write off of Deferred Debt Issuance Cost
-	-	-	-	-	-	-	-	-	-	0	526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on derivative contracts, net
99,784	-24,311	18,726	9,496	-47,894	94,553	-17,481	-10,850	-5,275	-12,123	-3,663	3,340	4,460	-4,121	946	-4,228	765	1,909	5,166	-1,318	674	4,206	2,489	-1,275	-1,028	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement
-	-	0	-	-	-	4,775	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
126	-95	21	-18	-4	-187	37	391	6	14	-66	31	1	-2	12	45	-127	39	127	163	94	32	23	3	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	50	7	8	3	51	6	2	7	1	60	7	1	3	5	3
Interest and other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	48	44	33	18	2	1	0	3	0	0	3	-7	33	0	0
Total other income (expense)
98,174	-27,479	17,138	7,801	-49,347	93,356	-22,784	-11,069	-5,882	-12,935	-4,632	2,212	4,124	-4,471	617	-4,553	415	1,733	5,124	-1,324	599	4,087	2,363	-1,424	-1,169	2	-37	-25	-15	49	5	2	4	1	60	4	8	-30	5	3
Income (loss) before income taxes
37,806	-4,703	26,702	20,149	-38,903	83,337	736	1,170	12,440	-830	3,914	-64,881	691	-32,907	-3,699	-10,986	-6,421	-142,884	2,529	-1,043	-1,699	-15,213	4,214	1,530	2,740	1,229	1,629	861	755	471	578	278	563	1,655	802	911	432	371	558	447
Current income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-432	-28	43	27	22	14	14	12	111	34	32	63	16	-11	31	68
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	688	324	362	141	79	87	78	-4	-282	469	42	183	-10	308	-197	1
Income tax (expense) benefit
1,092	937	575	613	-460	2,351	172	-302	249	-6,327	-94	-9,914	-38	-	201	186	-	-26,373	811	-295	-585	-	-	-	256	296	405	168	101	101	92	8	-171	503	74	246	6	297	-166	69
Net income (loss)
36,714	-5,640	26,127	19,536	-38,443	80,986	564	1,472	12,191	5,497	4,008	-54,967	729	-	-3,900	-11,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interest
20,006	-3,059	14,400	10,759	-21,239	44,856	340	822	6,870	3,173	2,452	-37,844	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Earthstone Energy, Inc.
16,708	-2,624	11,770	8,777	-17,204	36,130	224	650	5,321	2,324	1,556	-17,123	729	-33,048	-3,900	-11,172	-6,421	-116,511	1,718	-748	-1,114	-37,318	4,214	1,530	2,740	933	1,224	693	654	370	486	270	734	1,152	728	665	426	74	724	378
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.46	-	0.12	-0.05	-0.08	-4.04	0.46	0.17	0.30	0.54	0.72	0.40	0.37	0.22	0.28	0.16	0.42	0.68	0.43	0.39	0.25	0.04	0.43	0.22
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.46	-	0.12	-0.05	-0.08	-4.04	0.46	0.17	0.30	0.54	0.72	0.40	0.37	0.22	0.28	0.16	0.42	0.68	0.43	0.39	0.25	0.04	0.43	0.22
Net income (loss) per common share attributable to Earthstone Energy, Inc.:
Basic (in dollars per share)
0.57	-0.09	0.41	0.30	-0.60	1.28	0.01	0.02	0.19	0.12	0.07	-0.75	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.57	-0.09	0.41	0.30	-0.60	1.28	0.01	0.02	0.19	0.12	0.07	-0.75	0.03	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.17	-0.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding:
Basic (in shares)
29,497	29,285	29,032	28,895	28,719	28,586	28,257	27,987	27,783	26,449	22,905	22,728	22,276	-	-	-	13,820	-	13,835	13,835	13,858	9,743	9,124	9,124	9,124	1,732	1,710	1,710	1,720	1,720	1,720	1,720	1,706	1,706	1,710	1,712	1,774	1,697	1,683	1,686
Diluted (in shares)
29,497	30,462	29,032	29,228	28,719	28,611	28,311	28,036	27,911	26,141	22,905	22,728	22,585	-	-	-	13,820	-	13,835	13,835	13,858	9,743	9,124	9,124	9,124	1,732	1,710	1,710	1,720	1,720	1,720	1,720	1,706	1,706	1,710	1,712	1,758	1,697	1,699	1,686
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,289	16,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil
Revenues
41,012	60,268	35,443	40,767	35,447	35,664	38,791	31,903	34,417	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas
Revenues
1,086	1,787	903	129	1,094	1,139	1,790	1,783	2,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas liquids
Revenues
3,040	4,733	2,858	3,646	4,187	4,432	5,495	3,464	3,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-