Bounce Continues; Small-Caps Test 3.5-Year RS Lows; Nasdaq/NYSE Breadth Improving; Buys in Energy
Expectations over the past two weeks for an oversold bounce in $SPX have played out. 4300-4325 (1.5-year support) remains solid floor, but could...
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Earthstone Energy, Inc - Delaware Expansion Adds Quality Inventory
Concurrently, Northern Oil & Gas will acquire a pro rata one-third of the assets for $500 million from Earthstone, resulting in a net purchase...
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Earthstone Energy, INC. - Gaining Permian Efficiency
Earthstone generated $272 million of adjusted EBITDA in 1Q23 on average production of 104.4 MBOE/d. Production was slightly below the 104.8 MBOE/d...
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FY23 Operating Outlook and Proved Reserve Update
We are updating our estimates to reflect the operating outlook Earthstone provided on February 16, 2023, and changes to certain assumptions around...
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Permian Scale Supports Free Cash Flow Capacity
KEY POINTS Acquisitions have positioned Earthstone to generate significant free cash flow. 4Q22 financial and operating results will be the first...
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