Earthstone Energy announces repurchase of 3M shares for $44M
Oct. 12, 2022 2:35 AM ETEarthstone Energy, Inc. (ESTE)By: Pranav Ghumatkar, SA News Editor
- Earthstone Energy (NYSE:ESTE) has purchased 3M shares of Earthstone's Class A Common Stock for a total purchase price of ~$44M from certain affiliates of Warburg Pincus.
- Separately and concurrently, Warburg Pincus sold 3.75M shares of Class A Common Stock.
- As of Oct. 11, 2022, including the impact of the share repurchase, Earthstone's outstanding share count of Class A and Class B Common Stock is 139.7M shares.