Earthstone Energy, Inc., an oil and gas exploration and production company, has reported that net income for the third quarter ended December 31, 2012 was $370,000 or $0.22 per share, compared to $1.15 million, or $0.68 per share, for the same quarter ended December 31, 2011.
Total revenues for the third quarter ended December 31, 2012 were $2.83 million, compared to $3.87 million for the same quarter ended December 31, 2011.
Net income for the nine months ended December 31, 2012 was $1.13 million, or $0.65 per share, compared to $2.54 million, or $1.49 per share, for the same period ended December 31, 2011.
Total revenues for the nine months ended December 31, 2012 were $7.99 million, compared to $8.94 million for the same period ended December 31, 2011.