Earthstone Energy Inc - Ordinary Shares - Class A

NYSE:ESTE   3:59:53 PM EDT
14.67
+0.78 (+5.62%)
Debt Financing / Related, Earnings Announcements

Earthstone Energy Announces Northern Delaware Basin Asset Acquisition For ~$627 Million

Published: 06/28/2022 11:32 GMT
Earthstone Energy Inc - Ordinary Shares - Class A (ESTE) - Earthstone Energy Announces Northern Delaware Basin Asset Acquisition for ~$627 Million.
Earthstone Energy Inc - Highly Accretive Expansion in Northern Delaware Basin Meaningfully Increases Scale.
Earthstone Energy Inc - Earthstone's Current Borrowing Base is $1.4 Billion and is Expected to Increase With Titus Acquisition.
Earthstone Energy Inc - Earthstone Has Obtained $400 Million of Incremental Commitments From Existing Lenders.
Earthstone Energy Inc - Purchase Price Consisting of $575 Million in Cash and Approximately 3.9 Million Shares of Earthstone's Class A Common Stock.
Earthstone Energy Inc - Proposed Deal Expected to Increase Net Production by 18,000-23,000 Boepd (65% Oil) in Q4 of 2022.
Earthstone Energy Inc - Intends to Fund Cash Portion of Consideration and Fees and Expenses With Cash on Hand and Incremental Bank Borrowings.
Revenue is expected to be $447.44 Million
Adjusted EPS is expected to be $1.36

Next Quarter Revenue Guidance is expected to be $510.66 Million
Next Quarter EPS Guidance is expected to be $1.56

More details on our Analysts Page.