Analysts at RBC Capital provided their earnings preview on Earthstone Energy, Inc. (NYSE:ESTE), updating their quarterly estimates, which reflect final commodity prices and other changes based on channel checks, data analytics, and conversations with the company.

The analysts expect Q4/21 EPS/CFPS to come in at $0.38/$0.81, an increase of $0.02/$0.04 from their prior estimates. The consensus estimate for CFPS stands at $0.83.

According to the analysts, 2022 plans shouldn't deviate much from pro forma guidance that includes the announced Chisholm acquisition and expect M&A to remain a core focus to scale the business accretively.