Private company

EARTHSTONE ENERGY INC

EARTHSTONE ENERGY INC is an American crude petroleum and natural gas company based in The Woodlands.2

Last updated Oct 20, 2026.

Overview

  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersThe Woodlands, United States2
  • Incorporated inDE3
  • Business address1400 Woodloch Forest Drive, Suite 300, The Woodlands, Tx 773803
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI54930081UTV7CK45XG142
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 7195292

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

57.0%Operating margin4
26.7%Net margin4
304.0%Revenue growth, 20224
27.6%Return on equity4
0.64×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs66¢$1.1B
  • Income tax7¢$124.4M
  • Profit27¢$452.5M

Out of $1.7B in revenue.4

Where each dollar of operating cash went, fiscal 2022

  • Share buybacks4¢$43.9M
  • Kept or used elsewhere96¢$974.9M

Out of $1.0B of cash from operations.4

Financial statements

Revenue5674$1.7B in 2022+3910% since 2016
0$500.0M$1.0B$1.5B$2.0B2016: $42.3M$42.3M20162017: $108.1M$108.1M2017+156%2018: $165.4M$165.4M2018+53%2019: $191.3M$191.3M2019+16%2020: $144.5M$144.5M2020−24%2021: $419.6M$419.6M2021+190%2022: $1.7B$1.7B2022+304%
Operating income56874$966.1M in 2022
-$500.0M0$500.0M$1.0B2016: -$46.0M-$46.0M20162017: -$49.9M-$49.9M2017+8%2018: $44.1M$44.1M20182019: $55.1M$55.1M2019+25%2020: -$84.6M-$84.6M20202021: $190.1M$190.1M20212022: $966.1M$966.1M2022+408%
Net income56874$452.5M in 2022
-$200.0M0$200.0M$400.0M$600.0M2016: -$54.5M-$54.5M20162017: -$12.5M-$12.5M2017−77%2018: $42.3M$42.3M20182019: $719.0K$719.0K2019−98%2020: -$13.5M-$13.5M20202021: $35.5M$35.5M20212022: $452.5M$452.5M2022+1175%
Fiscal year2016201720182019202020212022
Revenue$42.3M5$108.1M6$165.4M6$191.3M7$144.5M4$419.6M4$1.7B4
Operating expenses$230.3M4$742.9M4
Operating income-$46.0M5-$49.9M6$44.1M8$55.1M7-$84.6M4$190.1M4$966.1M4
Interest
Income before tax$63.4M4$775.0M4
Income tax$528.0K5-$16.4M6$2.5M8$1.7M7-$112.0K4$1.9M4$124.4M4
Net income-$54.5M5-$12.5M6$42.3M8$719.0K7-$13.5M4$35.5M4$452.5M4
Earnings per share-$2.925-$0.536$1.508$0.027-$0.454$0.754$5.124
Earnings per share (diluted)-$2.925-$0.536$1.508$0.027-$0.454$0.714$4.834
Shares (weighted, basic)47.2M shares488.3M shares4
Shares (weighted, diluted)50.0M shares496.3M shares4

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Corporate structure

EARTHSTONE ENERGY INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of EARTHSTONE ENERGY INC

  • OnyxPoint Global Management LP Filed SC 13G/A on EARTHSTONE ENERGY INC, latest Feb 14, 2024 (2 filings since Jan 10, 2023)
  • Bold Energy Holdings, LLC Filed SC 13D/A on EARTHSTONE ENERGY INC, latest Nov 3, 2023 (6 filings since Oct 27, 2021)
  • Cypress Investments, LLC Filed SC 13D/A on EARTHSTONE ENERGY INC, latest Aug 23, 2023 (4 filings since Apr 22, 2022)
  • Warburg Pincus Private Equity (E&P) XI-A, L.P. Filed SC 13G/A on EARTHSTONE ENERGY INC, latest Aug 9, 2023 (5 filings since Feb 23, 2022)
  • State Street Corporation Filed SC 13G on EARTHSTONE ENERGY INC, latest Feb 8, 2023
  • Bighorn Permian Resources, LLC Filed SC 13G/A on EARTHSTONE ENERGY INC, latest Feb 1, 2023 (2 filings since Apr 22, 2022)
  • EARTHSTONE ENERGY INC The Woodlands, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EARTHSTONE ENERGY INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$5.5M4 Dec 31, 2022$5.4M4 Dec 31, 2021+1.9%
Accumulated depreciation$5.3M4 Dec 31, 2022$4.5M4 Dec 31, 2021+16.0%
Property and equipment, net$5.4M4 Dec 31, 2022$2.0M4 Dec 31, 2021+170.0%
Finance-lease assets$1.7M4 Dec 31, 2022$04 Dec 31, 2021
Operating-lease assets (leased space)$4.6M4 Dec 31, 2022$1.8M4 Dec 31, 2021+154.5%
Oil and gas properties$3.7B4 Dec 31, 2022$1.5B4 Dec 31, 2021+151.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$07 Dec 31, 2021$07 Dec 31, 2020

Leadership

Who has led EARTHSTONE ENERGY INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ray J. Singleton Jr.2013–2014
  2. Frank Alan Lodzinski2014–2020

Chair

  1. Frank Alan Lodzinski2020–2023

President

  1. Ray J. Singleton Jr.2007
  2. Frank Alan Lodzinski2014

Chief financial officer

  1. Mark Lumpkin Jr.2017–2023

Chief operating officer

  1. Steven C. Collins2022–2023
2010201520202025
Board members and other officers (17)

Former names

  • BASIC EARTH SCIENCE SYSTEMS INCJul 24, 1995 to Feb 12, 20103

Timeline

  1. Nov 3, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer33
  2. Nov 1, 20238-K Results of operations34
  3. Oct 30, 20238-K Shareholder vote; Other events35
  4. Oct 23, 20238-K Regulation FD disclosure36
  5. Oct 3, 20238-K Regulation FD disclosure37
  6. Sep 20, 20238-K Other events38
  7. Sep 6, 20238-K Regulation FD disclosure39
  8. Sep 5, 20238-K Financial statements and exhibits40
  9. Aug 22, 20238-K Entered a material agreement; Executive or director change; Regulation FD disclosure41
  10. Aug 21, 20238-K Regulation FD disclosure; Other events42
  11. Aug 21, 20238-K Regulation FD disclosure; Other events43
  12. Aug 17, 20238-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation44
  13. Dec 23, 2014New chief executive Frank Alan Lodzinski becomes CEO13
  14. May 23, 2013New chief executive Ray J. Singleton Jr. becomes CEO14
  15. Jul 7, 1969Founded EARTHSTONE ENERGY INC is founded2

Calendar

When it reported results

  1. Nov 1, 2023Reported quarterly or annual results34
  2. Aug 2, 2023Reported quarterly or annual results45
  3. May 3, 2023Reported quarterly or annual results46
  4. Mar 8, 2023Reported quarterly or annual results47
  5. Feb 16, 2023Reported quarterly or annual results48
  6. Aug 4, 2022Reported quarterly or annual results49
  7. May 4, 2022Reported quarterly or annual results50
  8. Mar 9, 2022Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

276 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 62 major events, 112 insider forms, 20 large holders, 73 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Nov 13, 202315-12G EDGAR
  3. Nov 6, 2023EFFECT EDGAR
  4. Nov 6, 2023EFFECT EDGAR
  5. Nov 6, 2023EFFECT EDGAR
  6. Nov 6, 2023EFFECT EDGAR
  7. Nov 6, 2023EFFECT EDGAR
  8. Nov 6, 2023EFFECT EDGAR
  9. Nov 6, 2023EFFECT EDGAR
  10. Nov 6, 2023EFFECT EDGAR
  11. Nov 6, 2023EFFECT EDGAR
  12. Nov 3, 20238-K EDGAR
  13. Nov 3, 2023SC 13D/A EDGAR
  14. Nov 3, 20234 FORM 4 SUBMISSION EDGAR
  15. Nov 2, 20234 FORM 4 SUBMISSION EDGAR
  16. Nov 2, 20234 FORM 4 SUBMISSION EDGAR
  17. Nov 2, 20234 FORM 4 SUBMISSION EDGAR
  18. Nov 2, 20234 FORM 4 SUBMISSION EDGAR
  19. Nov 2, 20234 FORM 4 SUBMISSION EDGAR
  20. Nov 2, 20234 FORM 4 SUBMISSION EDGAR

The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 6 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 13, 2023Oviedo TonyEVP and PAOSale20,899$21.28$444.7KForm 4
Oct 12, 2023Lumpkin Mark JrEVP and CFOSale10,967$20.41$223.8KForm 4
Sep 27, 2023Lodzinski Frank AlanExecutive ChairmanSale51,968$20.16$1.0MForm 4
Aug 1, 2023Warburg Pincus Private Equity (E&P) XII (A), L.P.10% ownerSale5,000,000$14.52$72.6MForm 4
Aug 1, 2023Warburg Pincus & Co US, LLC10% ownerSale5,000,000$14.52$72.6MForm 4
Aug 1, 2023Warburg Pincus (E&P) XII LLC10% ownerSale5,000,000$14.52$72.6MForm 4
Aug 1, 2023Warburg Pincus XI (E&P) Partners-B IRH, LLC10% ownerSale5,000,000$14.52$72.6MForm 4
Mar 17, 2023Anderson Robert JohnPresident and CEOBuy5,000$11.75$58.8KForm 4
Mar 16, 2023Anderson Robert JohnPresident and CEOBuy5,000$11.45$57.2KForm 4
Nov 11, 2022Oviedo TonyEVP and PAOSale50,000$16.41$820.5KForm 4
Nov 9, 2022Oviedo TonyEVP and PAOSale50,000$15.66$783.0KForm 4
Nov 9, 2022Lodzinski Frank AlanExecutive ChairmanSale45,690$15.49$707.7KForm 4
Oct 6, 2022Warburg Pincus Energy (E&P) Partners-B, L.P.10% ownerSale6,750,000$14.58$98.4MForm 4
Oct 6, 2022Warburg Pincus XII (E&P) Partners-1, L.P.10% ownerSale6,750,000$14.58$98.4MForm 4
Oct 6, 2022Warburg Pincus XI (E&P) Partners-B IRH, LLC10% ownerSale6,750,000$14.58$98.4MForm 4
Oct 6, 2022WARBURG PINCUS LLC10% ownerSale6,750,000$14.58$98.4MForm 4
Oct 6, 2022Cypress Investments, LLCBuy1,000,000$14.75$14.8MForm 4
Oct 6, 2022Post Oak Energy Holdings, LLCBuy1,000,000$14.75$14.8MForm 4
Sep 23, 2022Post Oak Energy Holdings, LLCBuy150,000$11.37$1.7MForm 4
Aug 17, 2022Warburg Pincus Private Equity (E&P) XII-D (A), L.P.10% ownerSale6,700,000Form 4

All 30 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How EARTHSTONE ENERGY INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREARTHSTONE ENERGY INC1
  • CIK0000010254
  • Employer ID (EIN)84-05928231
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1400 Woodloch Forest Drive, Suite 300, The Woodlands, TX 773801
  • Phone281-298-42461
  • Shares outstanding140,443,172 as of Mar 2, 20234
  • Public float$586.3M as of Jun 30, 20224
  • On EDGAR sinceJul 24, 19951
  • Filings1,116 in all: 8-K (319), 4 (302), 10-Q (47), 10QSB (39), 3 (30), CORRESP (30), UPLOAD (30), 425 (26)1
    All 57 form types

    DEFA14A (25), SC 13D/A (23), DEF 14A (19), 8-K/A (17), EFFECT (17), 10-K (15), 10KSB (13), 10KSB/A (12), 424B5 (11), 10-K/A (10), 5 (9), POS AM (9), S-3 (9), 424B7 (7), SC 13G/A (7), SC 13D (6), SC 13G (6), NT 10-K (5), PRE 14A (5), S-8 (5), S-8 POS (5), DEFM14A (4), POSASR (4), PRER14A (4), S-3ASR (4), 144 (3), 8-A12B (3), PREM14A (3), S-3/A (3), 25 (2), 3/A (2), 4/A (2), 8-A12B/A (2), ARS (2), CERTNYS (2), DEF 14C (2), NT 10-Q (2), PRE 14C (2), SC TO-T/A (2), 10QSB/A (1), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12G (1), CERTNAS (1), DEFM14C (1), PREM14C (1), RW (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 8, 2023
    Quarterly report (10-Q) Oct 31, 2023
    Proxy statement (DEF 14A) Apr 27, 2023
    Latest 8-K (8-K) Nov 3, 2023

Sources

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