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Earthstone Energy Inc - ESTE STOCK NEWS

Welcome to our dedicated news page for Earthstone Energy (Ticker: ESTE), a resource for investors and traders seeking the latest updates and insights on Earthstone Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Earthstone Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Earthstone Energy's position in the market.

Rhea-AI Summary
Permian Resources Corporation has completed its acquisition of Earthstone Energy, Inc. The transaction was approved by shareholders and each share of Earthstone common stock was converted into the right to receive 1.446 shares of Permian Resources common stock. Earthstone stock will no longer be listed for trading on the NYSE.
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End-of-Day
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acquisition
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Rhea-AI Summary
Permian Resources Corporation has completed its acquisition of Earthstone Energy, Inc. The transaction was approved by shareholders and each share of Earthstone common stock was converted into the right to receive 1.446 shares of Permian Resources common stock. Earthstone stock will no longer be listed for trading on the NYSE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
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acquisition
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Rhea-AI Summary
Earthstone Energy, Inc. announced its financial and operating results for the three and nine months ended September 30, 2023. The stockholders of Earthstone approved the merger agreement with Permian Resources Corporation. The merger is expected to close soon.
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earnings
News
Rhea-AI Summary
Earthstone Energy announces cash dividend of $0.1446 per share of common stock
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End-of-Day
-1.15%
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dividends
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Rhea-AI Summary
Earthstone Energy announces expiration of waiting period for acquisition by Permian Resources
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Rhea-AI Summary
Permian Resources to acquire Earthstone Energy in a $4.5 billion all-stock transaction, strengthening its position in the Delaware Basin and increasing production to 300,000 Boe/d. Expected to be accretive to free cash flow per share by >30% per year in the next two years. Transaction is expected to drive $175 million in annual cash flow improvements and support a 20% increase in base dividend per share. The acquisition represents an 8% premium to the exchange ratio based on the 20-day volume weighted average share prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.7%
Tags
acquisition
Rhea-AI Summary
Permian Resources to acquire Earthstone Energy in a $4.5 billion all-stock transaction, strengthening its position in the Delaware Basin and increasing production to 300,000 Boe/d. Expected to be accretive to free cash flow per share by >30% per year in the next two years. Transaction is expected to drive $175 million in annual cash flow improvements and support a 20% increase in base dividend per share. The acquisition represents an 8% premium to the exchange ratio based on the 20-day volume weighted average share prices.
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2.25%
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acquisition
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Rhea-AI Summary
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1.44%
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acquisition
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conferences
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1.31%
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Earthstone Energy Inc

NYSE:ESTE

ESTE Rankings

ESTE Stock Data

2.98B
36.97M
3.53%
91.07%
3.85%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
The Woodlands

About ESTE

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