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  "documentTitle": "Earthstone Energy | Investor Conference Presentation Deck | 32 slides",
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  "authorName": "Earthstone Energy",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "2024E Free Cash Flow Yield: ESTE 20%, Peer 1 7%, Peer 2 10%, Peer 7 8%, Peer 3 9%, Peer 6 11%, Peer 5 11%, Peer 4 13%, Peer 8 9%, Peer 10 15%, Peer 11 16%, Peer 12 16%, Peer 9 19%",
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      "text": "Enterprise Value to 2024E EBITDAX: ESTE 2.9x, Peer 1 6.0x, Peer 2 5.4x, Peer 3 4.0x, Peer 4 3.8x, Peer 5 3.4x, Peer 6 3.4x, Peer 7 2.8x, Peer 8 4.8x, Peer 9 4.7x, Peer 10 3.5x, Peer 11 3.4x, Peer 12 2.3x",
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      "kind": "source-note",
      "text": "Source: Company filings, press releases, Wall Street research, analyst expectations sourced from FactSet and share prices as of 8/9/23. Note: Free Cash Flow Yield is calculated by dividing Free Cash Flow by Market Capitalization. Future Adjusted EBITDAX and Free Cash Flow for Earthstone are forward-looking information that is subject to considerable change and numerous risks and uncertainties, many of which are beyond Earthstone's control. See \"Forward-Looking Statements\". Permian Large-Cap includes FANG and PXD. Permian SMid-Cap includes CPE, MTDR, PR, SM and VTLE. Non-Permian SMid Cap includes CHRD, CIVI, CRGY, MGY and NOG.",
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