Examples of Earthstone in a sentence
I have reviewed this Quarterly Report on Form 10-Q of Earthstone Energy, Inc.
Xxx, P.C. E-mail: xxxx.xxxxxxx@xxxxxxxx.xxx xxxxxx.xxx@xxxxxxxx.xxx if to the Company, to: Earthstone Energy, Inc.
In connection with the Quarterly Report on Form 10-Q of Earthstone Energy, Inc.
In connection with the Quarterly Report of Earthstone Energy, Inc.
Earthstone undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.
Forward-looking statements are based on current expectations and assumptions and analyses made by Earthstone and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances.
Earthstone excludes the foregoing items from net income (loss) in arriving at Adjusted EBITDAX because these amounts can vary substantially from company to company within their industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired.
Although Earthstone believes these third-party sources are reliable as of their respective dates, Earthstone has not independently verified the accuracy or completeness of this information.
Earthstone’s management team believes Adjusted EBITDAX is useful because it allows Earthstone to more effectively evaluate its operating performance and compare the results of its operations from period to period without regard to its financing methods or capital structure.
Earthstone defines Adjusted EBITDAX as net (loss) income plus, when applicable, (gain) loss on sale of oil and gas properties, net; accretion of asset retirement obligations; impairment expense; depletion, depreciation and amortization; transaction costs; interest expense, net; rig termination expense; exploration expense; unrealized loss (gain) on derivative contracts; stock based compensation (non-cash); and income tax expense (benefit).