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Earthstone Energy's quarterly net PPE increased from Mar. 2023 ($3,766 Mil) to Jun. 2023 ($3,814 Mil) and increased from Jun. 2023 ($3,814 Mil) to Sep. 2023 ($4,859 Mil).
Earthstone Energy's annual net PPE increased from Dec. 2020 ($969 Mil) to Dec. 2021 ($1,461 Mil) and increased from Dec. 2021 ($1,461 Mil) to Dec. 2022 ($3,667 Mil).
The historical data trend for Earthstone Energy's Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Earthstone Energy Annual Data | |||||||||||||||||||||
Trend | Mar13 | Mar14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 900.37 | 1,045.31 | 968.81 | 1,460.93 | 3,666.74 |
Earthstone Energy Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 3,619.25 | 3,666.74 | 3,765.74 | 3,813.90 | 4,858.75 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
Earthstone Energy (NYSE:ESTE) Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Thank you for viewing the detailed overview of Earthstone Energy's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Tony Oviedo | officer: EVP, PAO | 909 FANNIN, SUITE 1850, HOUSTON TX 77010 |
Mark Jr Lumpkin | officer: EVP and CFO | 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380 |
Frank Alan Lodzinski | director, officer: CEO | 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380 |
Wp Energy Chisholm Holdings, L.p. | 10 percent owner | 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus Private Equity (e&p) Xi-a, L.p. | 10 percent owner | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017 |
Warburg Pincus (e&p) Xii, L.p. | 10 percent owner | 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Warburg Pincus Partners Ii (us), L.p. | 10 percent owner | 450 LEXINGTON AVENUE, C/O WARBURG PINCUS LLC, NEW YORK NY 10017 |
Robert John Anderson | officer: President | 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380 |
Cypress Investments, Llc | director | 34 S. WYNDEN DR., SUITE 300, HOUSTON TX 77056 |
Post Oak Energy Holdings, Llc | director | 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056 |
Jay Frederick Joliat | director | 36801 WOODWARD AVE., SUITE 301, BIRMINGHAM MI 48009 |
Post Oak Energy Capital, Lp | director | 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056 |
Swanson Douglas E Jr | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
Steven C. Collins | officer: EVP and COO | 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380 |
Encap Energy Capital Fund Xi, L.p. | director, 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
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