Earthstone Energy (ESTE) Misses Q2 EPS by 2c

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Earthstone Energy, Inc. ReportsĀ 2023 Second Quarter and Year-to-Date Financial Results

August 2, 2023 4:09 PM EDT

THE WOODLANDS, Texas, Aug. 02, 2023 (GLOBE NEWSWIRE) -- 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, 2023.

Second Quarter 2023 Highlights

Announced the Novo Acquisition for $1 billion on June 15, 2023, which is expected to close on August 15, 2023Achieved record average daily production of 105,493 Boepd(1) (42% oil), which exceeded the mid-point of full-year 2023 production guidance by 5.5%Net income(2) of $82.4 million, and... More