ESTE Earthstone Energy, Inc.
Earthstone Energy, Inc. is an independent oil and gas holding company. It engages in the acquisition, exploration, development, and production of oil and gas reserves. It also focuses on the Midland Basin and Eagle Ford Trend properties. The company was founded on July 7, 1969 and is headquartered in the The Woodlands, TX.
Company profile
Ticker
ESTE
Exchange
Website
CEO
Robert John Anderson
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Basic Earth Science Systems Inc
SEC CIK
Corporate docs
IRS number
840592823
ESTE stock data
()
Calendar
6 May 20
15 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 45.14M | 66.79M | 39.2M | 44.54M | |
| Net income | 36.71M | -5.64M | 26.13M | 19.54M | |
| Diluted EPS | 0.57 | -0.1 | 0.41 | 0.3 | |
| Net profit margin | 81.34% | -8.44% | 66.64% | 43.86% | |
| Operating income | -60.37M | 22.78M | 9.56M | 12.35M | |
| Net change in cash | -8.72M | 4.01M | 4.03M | 5.36M | |
| Cash on hand | 5.1M | 13.82M | 9.82M | 5.79M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 191.26M | 165.36M | 108.08M | 42.27M | |
| Net income | 1.58M | 95.21M | -44.73M | -54.54M | |
| Diluted EPS | 0.02 | 1.5 | -0.53 | -2.92 | |
| Net profit margin | 0.83% | 57.58% | -41.39% | -129% | |
| Operating income | 55.13M | 44.06M | -49.88M | -46.02M | |
| Net change in cash | 13.45M | -22.58M | 12.76M | -13.06M | |
| Cash on hand | 13.82M | 376K | 22.96M | 10.2M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 20 | Oviedo Tony | Class A Common Stock | Payment of exercise | Dispose F | No | 2.91 | 4,909 | 14.29K | 139,773 |
| 30 Jun 20 | Anderson Robert John | Class A Common Stock | Payment of exercise | Dispose F | No | 2.91 | 8,866 | 25.8K | 385,603 |
| 30 Jun 20 | Lodzinski Frank Alan | Class A Common Stock | Payment of exercise | Dispose F | No | 2.91 | 14,120 | 41.09K | 161,199 |
| 30 Jun 20 | Lumpkin Mark Jr | Class A Common Stock | Payment of exercise | Dispose F | No | 2.91 | 4,989 | 14.52K | 177,758 |
| 3 Jun 20 | Lumpkin Mark Jr | Performance Stock Unit Class A Common Stock | Grant | Aquire A | No | 0 | 150,000 | 0 | 150,000 |
Institutional ownership Q1 2020
52.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 61 |
| Opened positions | 7 |
| Closed positions | 10 |
| Increased positions | 23 |
| Reduced positions | 19 |
13F shares |
Current |
|---|---|
| Total value | 118.34M |
| Total shares | 15.71M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Hotchkis & Wiley Capital Management | 1.57M | $2.77M |
| N Price T Rowe Associates | 1.42M | $2.5M |
| Dimensional Fund Advisors | 1.35M | $2.38M |
| BLK BlackRock | 1.33M | $2.34M |
| Investment Counselors Of Maryland | 1.24M | $2.18M |
| Solas Capital Management | 1.23M | $2.16M |
| American Century Companies | 1.15M | $2.03M |
| WFC^Z Wells Fargo & Company | 908.05K | $1.6M |
| Vanguard | 816.89K | $1.44M |
| JBF Capital | 719.14K | $1.27M |
Financial report summary
?Risks
- The Company may be adversely affected by the recent decrease in demand and oversupply of oil and natural gas as a result of the coronavirus pandemic and actions by Saudi Arabia and Russia.
- Concerns over economic, business or industry conditions may have a material adverse effect on our results of operations, liquidity and financial condition.
- The failure by counterparties to the Company's derivative risk management activities to perform their obligations could have a material adverse effect on the Company's results of operations.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- This discussion and other items in this Quarterly Report on Form 10-Q contain forward-looking statements and information that are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this document, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “may,” “will,” “project,” “forecast,” “plan,” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to numerous risks, uncertainties and assumptions. Certain of these risks are summarized in this report and under “Item 1A. Risk Factors” in our 2019 Annual Report on Form 10-K that was filed with the Securities and Exchange Commission (“SEC”), which you should read carefully in connection with our forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated. We undertake no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
- You should read “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in conjunction with the corresponding sections and our audited consolidated financial statements for the year ended December 31, 2019, which are included in our 2019 Annual Report on Form 10-K.
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
accrued, accumulate, achieved, adjustment, allocated, apply, approve, approved, area, Arranger, assumed, attainment, attractive, awarded, bolt, calendar, characterized, comparative, comparing, component, compression, content, depreciable, direct, disclose, discretion, earn, Easement, efficient, enforceable, exceed, exceeding, expansion, expedient, expired, finance, foot, footprint, geographic, immaterial, implementation, implicit, Increasing, incremental, infrastructure, initiate, intent, Interbank, key, land, largest, leaseback, leased, leasehold, leasing, lending, lesser, LIBOR, LLS, Lodzinksi, London, long, mineral, Minimum, modified, multiplied, multiplying, NCI, obtained, Offered, office, operator, outspend, pace, package, participating, peer, practical, predetermined, product, promoted, proportionate, proposed, ranging, recognize, remain, renew, residual, restrictive, review, rig, scope, seeking, serve, simplified, space, Spraberry, spud, stacked, Step, successor, Supplemental, sustained, Targeted, thirty, title, transition, type, undiscounted, unpaid, utilization, variable, vertical, vigilant, volatile, Wolfcamp
Financial reports
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
11 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
12 Mar 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
6 Aug 18
10-Q
2018 Q1
Quarterly report
3 May 18
10-K
2017 FY
Annual report
15 Mar 18
Current reports
8-K
Regulation FD Disclosure
9 Jun 20
8-K
Departure of Directors or Certain Officers
5 Jun 20
8-K
Earthstone Energy, Inc. Reports First Quarter 2020 Financial Results
6 May 20
8-K
Entry into a Material Definitive Agreement
24 Apr 20
8-K
Earthstone Energy Announces Results of Borrowing Base
1 Apr 20
8-K
Earthstone Provides Updated 2020 Capital Plan and Guidance
18 Mar 20
8-K
Earthstone Energy, Inc. Reports 2019 Fourth Quarter and Full Year Results
11 Mar 20
8-K
Earthstone Provides Operations Update and 2020 Guidance
31 Jan 20
8-K
Regulation FD Disclosure
5 Dec 19
8-K
Earthstone Energy, Inc. Announces New Five-Year Revolving Credit Facility with $325 Million Borrowing Base
22 Nov 19
Registration and prospectus
S-8
Registration of securities for employees
5 Oct 18
424B7
Prospectus with selling stockholder info
29 Jun 18
424B5
Prospectus supplement for primary offering
8 May 18
S-3
Shelf registration
18 Apr 18
S-8
Registration of securities for employees
31 Oct 17
424B5
Prospectus supplement for primary offering
20 Oct 17
424B5
Prospectus supplement for primary offering
20 Oct 17
424B3
Prospectus supplement
18 Oct 17
S-3/A
Shelf registration (amended)
11 Oct 17
S-3
Shelf registration
26 May 17
Proxies
DEFA14A
Additional proxy soliciting materials
4 May 20
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEF 14A
Definitive proxy
23 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 19
DEFA14A
Additional proxy soliciting materials
6 Nov 18
DEFM14A
Proxy related to merger
6 Nov 18
PREM14A
Preliminary proxy related to merger
26 Oct 18
DEFA14A
Additional proxy soliciting materials
26 Oct 18
DEFA14A
Additional proxy soliciting materials
17 Oct 18
Other
EFFECT
Notice of effectiveness
7 May 18
CORRESP
Correspondence with SEC
2 May 18
UPLOAD
Letter from SEC
24 Apr 18
EFFECT
Notice of effectiveness
18 Oct 17
CORRESP
Correspondence with SEC
16 Oct 17
CORRESP
Correspondence with SEC
11 Oct 17
CORRESP
Correspondence with SEC
10 Oct 17
UPLOAD
Letter from SEC
10 Oct 17
CORRESP
Correspondence with SEC
6 Oct 17
CORRESP
Correspondence with SEC
6 Oct 17
Ownership
4
EARTHSTONE ENERGY / Mark Lumpkin Jr ownership change
1 Jul 20
4
EARTHSTONE ENERGY / Frank Alan Lodzinski ownership change
1 Jul 20
4
EARTHSTONE ENERGY / Robert John Anderson ownership change
1 Jul 20
4
EARTHSTONE ENERGY / Tony Oviedo ownership change
1 Jul 20
4
EARTHSTONE ENERGY / Mark Lumpkin Jr ownership change
5 Jun 20
4
EARTHSTONE ENERGY / Robert John Anderson ownership change
5 Jun 20
4
EARTHSTONE ENERGY / Tony Oviedo ownership change
5 Jun 20
4
EARTHSTONE ENERGY / Mark Lumpkin Jr ownership change
19 May 20
SC 13D/A
EARTHSTONE ENERGY / Flatonia ownership change
12 May 20
4
EARTHSTONE ENERGY / Frank Alan Lodzinski ownership change
8 Apr 20