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Laredo Petroleum Inc (LPI.N)

LPI.N on New York Stock Exchange

9.68USD
18 Dec 2017
Change (% chg)

$0.19 (+2.00%)
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$9.49
Open
$9.58
Day's High
$9.99
Day's Low
$9.53
Volume
644,908
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$15.53
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Latest Key Developments (Source: Significant Developments)

Laredo Petroleum posts Q3 adj. earnings per share $0.13
Wednesday, 1 Nov 2017 04:54pm EDT 

Nov 1 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum announces 2017 third-quarter financial and operating results.Q3 earnings per share $0.05.Q3 adjusted non-GAAP earnings per share $0.13.Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.Laredo Petroleum Inc - ‍in Q4 of 2017, Laredo expects to complete 20 wells, 12 of which are expected to "meaningfully" impact Q4 production​.Laredo Petroleum -‍ has increased 2017 capital budget to $630 million​.Laredo Petroleum Inc - produced ‍60,011 barrels of oil equivalent per day for Q3, an increase of approximately 17 pct from Q3 of 2016​.Laredo Petroleum Inc - ‍company is reiterating its anticipated full-year 2017 production growth guidance range of 16 pct - 19 pct as compared to 2016​.  Full Article

Laredo Petroleum says co entered into first amendment to fifth amended and restated credit agreement
Monday, 30 Oct 2017 04:54pm EDT 

Oct 30 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum Inc - ‍on October 24, co entered into first amendment to fifth amended and restated credit agreement - SEC filing​.Laredo Petroleum Inc - ‍on Oct 20,pursuant to regular semi-annual redetermination,lenders reaffirmed borrowing base of $1 billion under senior credit facility​.Laredo Petroleum Inc - ‍company's aggregate elected commitment of $1.0 billion remained unchanged​.  Full Article

Laredo Petroleum announces redemption of 7 3/8 pct notes due 2022
Monday, 30 Oct 2017 04:18pm EDT 

Oct 30 (Reuters) - Laredo Petroleum Inc ::Laredo Petroleum announces redemption of 7 3/8% notes due 2022.Laredo Petroleum Inc - has called for redemption all $500 million principal amount of company's 7 3/8% senior notes due may 2022​.Laredo Petroleum Inc says ‍expects redemption to be completed on November 29, 2017​.  Full Article

Affiliates of Energy & Minerals Group and Laredo Petroleum to sell Medallion Gathering & Processing Llc
Monday, 2 Oct 2017 08:35am EDT 

Oct 2 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum - ‍Energy & Minerals Group, co's affiliates agreed to sell Medallion Gathering & Processing Llc for $1.825 billion, additional consideration​.Laredo - ‍proceeds from sale of Medallion, including both base consideration and additional consideration, to be distributed 51 percent to EMG, 49 percent to co.  Full Article

Laredo Petroleum announces agreement to sell interest in Medallion pipeline
Monday, 2 Oct 2017 08:14am EDT 

Oct 2 (Reuters) - Laredo Petroleum Inc ::Laredo Petroleum announces agreement to sell interest in Medallion pipeline.Laredo Petroleum Inc - ‍there will be no impact to Laredo's existing cost structure from transaction​.Laredo Petroleum- company anticipates being approximately cash flow neutral by end of 2019.  Full Article

Laredo Petroleum Q2 earnings per share $0.25
Monday, 7 Aug 2017 04:45pm EDT 

Aug 7 (Reuters) - Laredo Petroleum Inc :Laredo petroleum announces 2017 second-quarter financial and operating results.Q2 earnings per share $0.25.Q2 adjusted non-GAAP earnings per share $0.10.Q2 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.‍produced 58,632 BOE per day in q2, an increase of approximately 23%​.Laredo Petroleum Inc - increasing anticipated full-year 2017 production growth guidance to a range of 16% - 19% as compared to 2016.Laredo Petroleum Inc - ‍in Q3 of 2017, laredo expects to complete 15 wells with an average lateral length of approximately 9,900 feet​.Qtrly total revenues $187 million versus $146.8 million.  Full Article

Laredo Petroleum says for qtr ended June 30, expects a gain on derivatives of about $28.9 mln - SEC filing
Monday, 17 Jul 2017 05:27pm EDT 

July 17 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum says for 3 months ended June 30, 2017, laredo expects to report a gain on derivatives of approximately $28.9 million - SEC filing.Laredo Petroleum - at June 30, had hedges in place for remaining 2 qtrs of 2017 for 3.5 million barrels of oil at weighted-average floor price of $55.82/barrel.Laredo Petroleum - also had hedges in place for remaining 2 qtrs of 2017 for 13.6 mmbtu of natural gas at weighted-average floor price of $2.75/mmbtu.Laredo Petroleum Inc - Laredo had hedged 222,000 barrels of ethane at $11.24 per barrel and 187,500 barrels of propane at $22.26 per barrel.Laredo Petroleum - at June 30, 2017, for 2018, co had hedged 6.7 million barrels of oil at a weighted-average floor price of $46.34 per barrel.Laredo Petroleum Inc - all natural gas hedges the company has in place are priced at the Waha Hub.Laredo Petroleum - at June 30, 2017, for 2018, co had hedged 23.8 million mmbtu of natural gas at a weighted-average floor price of $2.50 per mmbtu.Laredo Petroleum - for the six months ended June 30, 2017, laredo expects to report a gain on derivatives of approximately $65.6 million.  Full Article

Laredo Petroleum provides commodity derivatives update
Monday, 17 Jul 2017 04:15pm EDT 

July 17 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum schedules second-quarter 2017 earnings conference call for august 8 and provides commodity derivatives update.Laredo Petroleum Inc - for three months ended June 30, 2017, laredo expects to report a gain on derivatives of approximately $28.9 million.Laredo Petroleum - at June 30, 2017, had hedges for remaining two qtrs of 2017 for 3.5 million barrels of oil at weighted-average floor price of $55.82/barrel.Laredo Petroleum - had hedges in place for remaining two qtrs of 2017 for 13.6 million mmbtu of natural gas at weighted-average floor price of $2.75/mmbtu.  Full Article

Laredo petroleum announces 2017 Q1 financial and operating results
Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - Laredo Petroleum Inc ::Laredo Petroleum announces 2017 first-quarter financial and operating results.Says qtrly produced 52,405 barrels of oil equivalent per day, an increase of approximately 13% from Q1 of 2016.Q1 earnings per share $0.28.Q1 adjusted non-GAAP earnings per share $0.10.Q1 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Says in Q2 of 2017, company expects to complete approximately 18 wells.Sees Q2 production 55 MBOE/d - 58 MBOE/d.Says at march 31,had hedges for remaining three quarters of 2017 for 5.2 million barrels of oil at a weighted-average floor price of $55.82 per barrel.Says company is reiterating its previously stated anticipated full-year 2017 production growth guidance of at least 15%..Sees Q2 production 55 - 58 MBOE/d.  Full Article

Laredo Petroleum says Q1 earnings conf. call on May 4 and provides commodity derivatives update
Monday, 17 Apr 2017 04:42pm EDT 

April 17 (Reuters) - Laredo Petroleum Inc ::Laredo Petroleum schedules first-quarter 2017 earnings conference call for may 4 and provides commodity derivatives update.Laredo Petroleum Inc - for three months ended march 31, 2017, Laredo expects to report a gain on derivatives of approximately $36.7 million.Laredo Petroleum Inc - at march 31, 2017, for 2018, company had hedged 3,458,375 barrels of oil at a weighted-average floor price of $53.71 per barrel.  Full Article

BRIEF-Laredo Petroleum posts Q3 adj. earnings per share $0.13

* Laredo Petroleum announces 2017 third-quarter financial and operating results