Earthstone Energy, Inc. (NASDAQ:ESTE) reported net income of $665,000, or $0.39 per diluted share, on revenue of $2,525,000 for the first quarter of fiscal 2012, ended June 30, 2011 (2011). This compares to net income of $378,000, or $0.22 per diluted share (on a split adjusted basis), on revenue of $1,763,000 for the first quarter of fiscal 2011, ended June 30, 2010 (2010). Both total revenue and net income increased $762,000 (43%) and $287,000 (76%), respectively, from 2010.

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