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Laredo Petroleum Inc

LPI.N

Latest Trade

69.13USD

Change

1.96(+2.92%)

Volume

166,767

Today's Range

65.76

 - 

69.26

52 Week Range

22.69

 - 

99.08

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Laredo Petroleum Reports Q3 2021 Financial And Operating Results

Nov 2 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES THIRD-QUARTER 2021 FINANCIAL AND OPERATING RESULTS.Q3 EARNINGS PER SHARE $8.56.Q3 ADJUSTED EARNINGS PER SHARE $1.84.Q3 EARNINGS PER SHARE VIEW $2.46 -- REFINITIV IBES DATA.IN Q3 OF 2021, LAREDO'S TOTAL PRODUCTION AVERAGED 76,703 BOE PER DAY, INCLUDING OIL PRODUCTION OF 35,329 BOPD.SEES Q4 TOTAL PRODUCTION 80.3 MBOE PER DAY - 83.3 MBOE PER DAY.QTRLY TOTAL REVENUE $379.3 MILLION VERSUS $173.5 MILLION.Q3 REVENUE VIEW $289.1 MILLION -- REFINITIV IBES DATA.

Laredo Petroleum Reports Q2 2021 Financial And Operating Results

Aug 4 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES SECOND-QUARTER 2021 FINANCIAL AND OPERATING RESULTS.Q2 LOSS PER SHARE $10.47.Q2 ADJUSTED EARNINGS PER SHARE $1.71.Q2 EARNINGS PER SHARE ESTIMATE $2.46 -- REFINITIV IBES DATA.PRODUCED AN AVERAGE OF 85,924 BARRELS OF OIL EQUIVALENT ("BOE") PER DAY IN Q2.QTRLY TOTAL REVENUES $294.4 MILLION VERSUS $110.6 MILLION.Q2 REVENUE VIEW $224.4 MILLION -- REFINITIV IBES DATA.SEES Q3 TOTAL PRODUCTION 74.5 - 77.5 MBOE PER DAY.SEES Q4 TOTAL PRODUCTION 77.5 - 80.5 MBOE PER DAY.

Laredo Petroleum Prices Offering Of $400 Million Of Senior Notes

July 13 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM PRICES OFFERING OF $400 MILLION OF SENIOR NOTES.LAREDO PETROLEUM INC - PRICING OF $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 7.750% SENIOR UNSECURED NOTES DUE 2029 AT PAR.

Laredo Petroleum Announces Offering Of Senior Notes

July 12 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES OFFERING OF SENIOR NOTES.LAREDO PETROLEUM INC - TO OFFER $400 MILLION OF SENIOR UNSECURED NOTES DUE 2029.

Laredo Petroleum Inc Files Prospectus Relates To Proposed Resale From Time To Time Of Up To 2.5 Million Shares Of Common Stock By Selling Stockholders

July 9 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM INC FILES PROSPECTUS RELATES TO PROPOSED RESALE FROM TIME TO TIME OF UP TO 2.5 MILLION SHARES OF COMMON STOCK BY SELLING STOCKHOLDERS.

Laredo Petroleum Provides Q2 2021 Operational Update And Revised 2021 Capital Budget And Production Guidance

July 8 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM PROVIDES SECOND-QUARTER 2021 OPERATIONAL UPDATE AND REVISED 2021 CAPITAL BUDGET AND PRODUCTION GUIDANCE.LAREDO PETROLEUM INC - IN Q2 OF 2021, LAREDO PRODUCED APPROXIMATELY 85.9 THOUSAND BARRELS OF OIL EQUIVALENT ("BOE") PER DAY.LAREDO PETROLEUM INC - INCURRED CAPITAL EXPENDITURES IN Q2 OF 2021 WERE APPROXIMATELY $100 MILLION.LAREDO PETROLEUM INC - ESTIMATES CURTAILMENTS AND SHUT-INS REDUCED SECOND-QUARTER 2021 TOTAL PRODUCTION BY APPROXIMATELY 900 BOE PER DAY.LAREDO PETROLEUM INC - SEES FY 2021 TOTAL PRODUCTION 77.0 MBOE PER DAY - 80.0 MBOE PER DAY.LAREDO PETROLEUM INC - TOTAL PRODUCTION IS EXPECTED TO AVERAGE 75,000 TO 78,000 BOE PER DAY IN 2022.

Laredo Petroleum Committed To Company-Wide Reorganization Effort Including Workforce Reduction

July 2 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM INC - ON JUNE 29, COMMITTED TO COMPANY-WIDE REORGANIZATION EFFORT THAT INCLUDES WORKFORCE REDUCTION OF 14 INDIVIDUALS.LAREDO PETROLEUM INC - REDUCTION IN WORKFORCE WAS COMMUNICATED TO EMPLOYEES ON EFFECTIVE DATE AND IMPLEMENTED IMMEDIATELY.LAREDO PETROLEUM - ESTIMATES TO INCUR ABOUT $9.8 MILLION OF ONE-TIME CHARGES IN Q2 2021.Further company coverage: LPI.N. ((Reuters.Briefs@thomsonreuters.com;)).

Laredo Petroleum Announces Closing Of Acquisition Of Sabalo Energy Assets And Divestiture Of Proved Developed Producing Reserves

July 1 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES CLOSING OF ACQUISITION OF SABALO ENERGY ASSETS AND DIVESTITURE OF PROVED DEVELOPED PRODUCING RESERVES.

Laredo Petroleum Announces Transformative Transactions

May 9 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES TRANSFORMATIVE TRANSACTIONS.LAREDO PETROLEUM- SIGNING OF AGREEMENT TO ACQUIRE ASSETS OF SABALO ENERGY, A PORTFOLIO COMPANY OF ENCAP, AND A NON-OPERATING PARTNER FOR $715 MILLION.DEAL VALUE COMPRISED OF $625 MILLION IN CASH AND APPROXIMATELY 2.5 MILLION SHARES OF LAREDO COMMON EQUITY.LAREDO- COMPANY ANNOUNCED SALE OF 37.5% OF ITS OPERATED PDP RESERVES IN LEGACY TO AFFILIATE OF SIXTH STREET FOR PROCEEDS OF $405 MILLION.LAREDO PETROLEUM- NONE OF PDP RESERVES ARE LOCATED IN HOWARD OR WESTERN GLASSCOCK COUNTIES; BOTH TRANSACTIONS ARE EXPECTED TO CLOSE JULY 1, 2021..COMBINED TRANSACTIONS EXPECTED TO BE ACCRETIVE TO LONG-TERM FREE CASH FLOW AND ADJUSTED EBITDA PER SHARE.LAREDO PETROLEUM- TRANSFORMS CASH GENERATION PROFILE OF CO, EXPECTED TO DRIVE TOTAL FREE CASH FLOW THROUGH FY-25 OF >$700 MILLION AT CURRENT STRIP PRICES.LAREDO - ANTICIPATED DELEVERAGING BEGINNING IN SECOND HALF OF 2021, WITH NET DEBT/TTM ADJUSTED EBITDA APPROACHING 1.5X BY YE-22 AND 1.0X BY YE-25.ENABLES MID-SINGLE DIGIT ANNUALIZED OIL PRODUCTION GROWTH AT 50%-70% REINVESTMENT RATE THROUGH FY-25.COMPANY OIL CUT EXPECTED TO RISE TO 50% OF TOTAL PRODUCTION BY YE-21, INCREASING MARGINS PER BARREL OF OIL EQUIVALENT.SENIOR SECURED CREDIT FACILITY BORROWING BASE REAFFIRMED AT $725 MILLION NON-GAAP FINANCIAL MEASURE.

Laredo Petroleum Announces Q1 2021 Financial And Operating Results

May 5 (Reuters) - Laredo Petroleum Inc <LPI.N>::LAREDO PETROLEUM ANNOUNCES FIRST-QUARTER 2021 FINANCIAL AND OPERATING RESULTS.Q1 LOSS PER SHARE $6.33.Q1 ADJUSTED EARNINGS PER SHARE $1.69.PRODUCED AN AVERAGE OF 24,261 BARRELS OF OIL PER DAY IN QUARTER AN INCREASE OF 11% FROM FOURTH-QUARTER 2020.PRODUCED AN AVERAGE OF 78,989 BARRELS OF OIL EQUIVALENT PER DAY IN QUARTER, A DECREASE OF 4% FROM FOURTH-QUARTER 2020.SEES Q2 TOTAL PRODUCTION 83.0 MBOE PER DAY - 86.0 MBOE PER DAY.SEES Q2 OIL PRODUCTION 26.5 MBOPD - 27.5 MBOPD.SEES FY 2021 TOTAL PRODUCTION 80.0 MBOE PER DAY- 85.0 MBOE PER DAY.SEES FY 2021 OIL PRODUCTION 27.3 MBOPD- 29.3 MBOPD.QTRLY TOTAL REVENUES $250.23 MILLION VERSUS $204.99 MILLION.Q1 EARNINGS PER SHARE VIEW $1.84, REVENUE VIEW $198.3 MILLION -- REFINITIV IBES DATA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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