Private equity firm Warburg Pincus LLC sold its remaining 12.9 million shares of Earthstone Energy Inc.’s Class A common stock, increasing Earthstone’s stock float by approximately 25%, according to an Aug. 7 press release. (Source: Shutterstock.com)
Private equity firm Warburg Pincus LLC sold its remaining 12.9 million shares of Earthstone Energy Inc.’s Class A common stock, increasing Earthstone’s stock float by approximately 25%, according to an Aug. 7 press release.
"We appreciate the opportunity to have partnered with Warburg Pincus over the past several years and thank them for their contribution to our growth and success," Robert J. Anderson, president and CEO of Earthstone, said in the release. "Warburg has efficiently sold its entire position of approximately 26.4 million shares of Class A Common stock in less than one calendar year."
Earthstone Energy is an independent energy company focused on the acquisition, development and operations of oil and natural gas assets in the Permian Basin.
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