In the Q3, Earthstone Energy Inc 's corporate clients experienced a deterioration by -16.91 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 11.83 %. During the corresponding time, Earthstone Energy Inc saw a revenue deteriorated by -10.48 % year on year, sequentially revenue grew by 28.6 %. While revenue at the Earthstone Energy Inc 's corporate clients fell by -17.89 % year on year, sequentially revenue fell by -8.27 %.
Customers of Earthstone Energy Inc saw their costs of revenue deteriorate by -16.91 % in Q3 compare to a year ago, sequentially costs of revenue grew by 11.83 %, for the same period Earthstone Energy Inc revnue deteriorated by -10.48 % year on year, sequentially revenue grew by 28.6 %.
Earthstone Energy Inc's Comment on Sales, Marketing and Customers
Weather conditions often affect the demand for, and prices of, natural gas and
can also delay oil and natural gas drilling activities, disrupting our overall
business plans. Demand for natural gas is typically higher during the winter,
resulting in higher natural gas prices for our natural gas production during our
first and fourth fiscal quarters. Due to these seasonal fluctuations, our results
of operations for individual quarterly periods may not be indicative of the results
that we may realize on an annual basis.
Earthstone Energy Inc’s Comment on Sales, Marketing and Customers
Weather conditions often affect the demand for, and prices of, natural gas and
can also delay oil and natural gas drilling activities, disrupting our overall
business plans. Demand for natural gas is typically higher during the winter,
resulting in higher natural gas prices for our natural gas production during our
first and fourth fiscal quarters. Due to these seasonal fluctuations, our results
of operations for individual quarterly periods may not be indicative of the results
that we may realize on an annual basis.
Sources:
Earthstone Energy Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Earthstone Energy Inc’s corporate clients.
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