ESTE · Earthstone Energy Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.70B | $144.52M | - | - | $165.36M | $108.08M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $74.17M | $41.92M | $28.23M | $27.61M | $28.16M | $20.47M |
| Total Operating Expenses | $742.95M | $230.30M | $229.34M | $139.35M | $167.06M | - |
| D&A | $301.81M | $106.37M | $96.41M | $69.24M | $47.57M | $36.91M |
| Operating Income | $966.11M | $190.08M | ($84.61M) | $55.13M | $44.06M | ($49.88M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $124.42M | $1.86M | ($112.0K) | $1.67M | $2.47M | ($16.37M) |
| Net Income | $452.49M | $35.48M | ($13.55M) | $719.0K | $42.33M | ($12.51M) |
| EPS - Basic | $5.12 | $0.75 | ($0.45) | $0.02 | $1.50 | ($0.53) |
| EPS - Diluted | $4.83 | $0.71 | ($0.45) | $0.02 | $1.50 | ($0.53) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $0 | $4.01M | $1.49M | $13.82M | $376.0K | $22.95M |
| Accounts Receivable | $161.53M | $50.58M | $16.25M | $29.05M | $13.68M | $14.98M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $91.81M | $31.40M | $6.23M | $25.28M | $26.45M | $33.47M |
| Current Assets | $246.26M | $61.41M | $34.73M | $60.27M | $63.56M | $47.07M |
| Total Assets | $3.94B | $1.56B | $1.01B | $1.13B | $1.00B | $834.42M |
| Current Liabilities | $376.28M | $150.62M | $55.49M | $100.16M | $81.86M | $68.86M |
| Long-term Debt | $1.05B | $320.00M | $115.00M | $170.00M | $78.83M | $25.00M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.64B | $558.49M | $344.88M | $345.60M | $334.64M | $279.17M |
| Retained Earnings | $292.71M | ($159.77M) | ($195.26M) | ($181.71M) | ($182.50M) | ($224.82M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.02B | $230.87M | $131.50M | $126.25M | $50.95M | $50.95M |
| Investing Cash Flow | ($1.97B) | ($426.24M) | ($87.80M) | ($200.61M) | ($86.30M) | ($86.30M) |
| Financing Cash Flow | $945.34M | $197.88M | ($56.03M) | $87.81M | $51.80M | $48.11M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 57.0% | 131.5% | - | - | 26.6% | -46.1% |
| EBITDA margin | 74.8% | 205.1% | - | - | 55.4% | -12.0% |
| Net margin | 26.7% | 24.6% | - | - | 25.6% | -11.6% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.4% | 29.0% | - | - | 17.0% | 18.9% |
| Effective tax rate | 21.6% | 5.0% | - | 69.8% | 5.5% | - |
| Return on assets | 11.5% | 2.3% | -1.3% | 0.1% | 4.2% | -1.5% |
| Return on equity | 27.6% | 6.4% | -3.9% | 0.2% | 12.6% | -4.5% |
| Return on invested capital | 28.1% | 20.6% | -14.5% | 5.3% | 10.1% | -13.0% |
| Liquidity | ||||||
| Current ratio | 0.65 | 0.41 | 0.63 | 0.60 | 0.78 | 0.68 |
| Quick ratio | 0.65 | 0.41 | 0.63 | 0.60 | 0.78 | 0.68 |
| Cash ratio | 0.00 | 0.03 | 0.03 | 0.14 | 0.00 | 0.33 |
| Leverage | ||||||
| Debt / Equity | 0.64 | 0.57 | 0.33 | 0.49 | 0.24 | 0.09 |
| Debt / Assets | 0.27 | 0.21 | 0.11 | 0.15 | 0.08 | 0.03 |
| Debt / EBITDA | 0.83 | 1.08 | 9.74 | 1.37 | 0.86 | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.40 | 2.79 | 2.91 | 3.26 | 3.00 | 2.99 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.43 | 0.09 | - | - | 0.16 | 0.13 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 35d | 128d | - | - | 30d | 51d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1072.9% | - | - | - | 53.0% | 155.7% |
| Revenue CAGR (3y) | - | -4.4% | - | - | 49.6% | 69.2% |
| Revenue CAGR (5y) | 73.4% | 27.9% | - | - | 56.7% | 56.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 408.3% | - | - | 25.1% | - | -8.4% |
| Net income growth (YoY) | 1175.2% | - | - | -98.3% | - | 77.1% |
| EPS growth (YoY) | 580.3% | - | - | -98.7% | - | 81.8% |
| EPS CAGR (3y) | 522.7% | -22.1% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | -8.0% | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 193.5% | 61.9% | -0.2% | 3.3% | 19.9% | 15.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Product / service
$1.70B totalOil Revenue$1.11B · 65.7%
Natural Gas Reserves$303.85M · 17.9%
Natural Gas Liquids Reserves$276.96M · 16.3%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing EARTHSTONE ENERGY INC against the 5 most active filers in the same SIC group.