Earthstone Energy Inc.

Earthstone Energy Inc. , today announced that its Board of Directors declared a cash dividend of $0.1446 per share of Class A and Class B common stock. The dividend is payable on November 6, 2023, to shareholders of record as of October 31, 2023 who hold their shares through the closing of Earthstone's previously announced merger with Permian Resources Corporation . The special dividend is conditioned upon the closing of [...]

Earthstone Energy Inc. , today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended , with respect to the previously-announced agreement for Permian Resources Corporation to acquire all outstanding shares of Earthstone at an exchange ratio of 1.446 shares of Permian Resources for each Earthstone share. The expiration of the HSR Act waiting period [...]

Permian Resources Corporation and Earthstone Energy Inc. today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone's net debt. Under the terms of the transaction, each share of Earthstone common stock will be exchanged for a fixed ratio of 1.446 shares of Permian [...]

Earthstone Energy Inc. , today announced the closing of the acquisition of the northern Delaware Basin assets of Novo Oil & Gas Holdings, LLC . Concurrent with the closing of the Novo acquisition, the Company also announced the effectiveness of an amendment to the Company's senior secured credit facility, which increases the elected borrowing base commitments from $1.45 billion to $1.75 billion and increases the borrowing [...]

Earthstone Energy Inc. announced today its participation in upcoming conferences. EnerCom Denver The Energy Investment Conference, August 14, 2023 Robert J. Anderson, President and CEO, will be presenting at EnerCom Denver on Monday, August 14, 2023, at 8:25 am MDT. Interested parties can listen to the webcast by registering at the following website: https://www.enercomdenver.com. Barclays CEO Energy-Power Conference [...]

Final Call for One-on-One Meeting Requests for all Companies by Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals. World Class Energy Companies to Present; Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com Investors, Analysts, and Energy Industry Professionals Can Still Register to [...]

Earthstone Energy Inc. , today announced that Warburg Pincus LLC and its affiliates recently sold its remaining 12.9 million shares of Earthstone's Class A common stock. Effective with this sale, Warburg Pincus no longer holds any shares of Earthstone's Class A or Class B common stock. Management Comment Robert J. Anderson, President and Chief Executive Officer of Earthstone, stated, "We appreciate the opportunity to have [...]

Earthstone Energy Inc. , 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, 2023 Achieved record average daily production of 105,493 Boepd , which exceeded the mid-point of full-year 2023 production guidance by 5.5% Net income of $82.4 [...]

Earthstone Energy Inc. , today announced the publication of its inaugural sustainability report. The report, which is now available on the Company's website, covers the fiscal year 2022 and demonstrates Earthstone's commitment to environmental, social, and governance standards and reporting. "We believe providing ESG-related information and metrics to our shareholders and other stakeholders is essential while [...]

Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com - Presenting Companies Continue to be Added Investor One-on-One Meeting Requests for All Companies Now Open for Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals Investors, Analysts, and Energy Industry Professionals Can Still Register [...]