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Acquisitions and Divestitures (Tables) |  | 9 Months Ended
--- | --- | ---
Sep. 17, 2024 | Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |  |
Business Acquisition, Pro Forma Information |  | The pro forma information is not necessarily indicative of the results that might have occurred had the Earthstone Merger occurred in the past and is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the following pro forma information.
| Three Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2023
Total Revenue | $ | 1,283,969 |  |  | $ | 3,519,042 |
Net Income | 137,779 |  |  | 432,571 |
Earnings per share: |  |  |
Basic | $ | 0.29 |  |  | $ | 0.92 |
Diluted | 0.25 |  |  | 0.79 |
Asset Acquisition | The following table represents the preliminary consideration and purchase price allocation of the identifiable assets acquired and the liabilities assumed based on their respective fair values as of the closing date of the business combination.
(in thousands, except share and per share data) | Bolt-On Acquisition Consideration
Total cash consideration given | $ | 743,496 |
Fair value of assets acquired: | Preliminary Purchase Price Allocation
Accounts receivable, net | $ | 5,556 |
Oil and natural gas properties, net | 770,449 |
Total assets acquired | $ | 776,005 |
Fair value of liabilities assumed: |
Accounts payable and accrued expenses | $ | 17,355 |
Asset retirement obligations | 15,154 |
Total liabilities assumed | $ | 32,509 |
Net assets acquired | $ | 743,496 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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