ESTE 2nd Qtr Results

[Cliff_N]

Total Revenue: $ 370.01 vs. Estimated $357.43 = 3.5% Surprise
EPS: $0.54 vs Estimated $.054 = 0% Surprise

Second Quarter 2023 Highlights

• Announced the Novo Acquisition for $1 billion on June 15, 2023, which is expected to close on August 15, 2023
• Achieved record average daily production of 105,493 Boepd(1) (42% oil), exceeded the mid-point of full-year 2023 production guidance by 5.5%
• Net income(2) of $82.4 million, and Adjusted Net Income(3) of $75.6 million
• Adjusted EBITDAX(3) of $238.8 million
• Net cash provided by operating activities of $218.4 million
• Free Cash Flow(3) of $41.9 million
• Capital expenditures of $174.4 million, which comprised 23% of the mid-point of full-year 2023 capital expenditures guidance
• Issued $500 million of senior unsecured notes due 2031

[Fraser921]

Thanks , great summary. I bought some este today, Keeping with Dan's latest theme, sell the gassers, and buy oily names

It's up after hours so the market likes it. > That's hard to do in this enviroment with the softer q2 realizations

[knusser58]

Great Summary, Thank you.
looks good.
Great company, as Dan keeps stating.
Regards,
Klaus