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Laredo Petroleum Inc (LPI.N)

LPI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Laredo Petroleum Issues Statement On Glasscock County Operations
Monday, 2 Jul 2018 04:30pm EDT 

July 2 (Reuters) - Laredo Petroleum Inc ::LAREDO PETROLEUM ISSUES STATEMENT ON GLASSCOCK COUNTY OPERATIONS.LAREDO PETROLEUM INC - ON JUNE 30, 2018, A FIRE WAS REPORTED AT A LAREDO TANK BATTERY IN GLASSCOCK COUNTY, TEXAS.LAREDO PETROLEUM INC - NO INJURIES WERE REPORTED AND THE FIRE AT A LAREDO TANK BATTERY IN GLASSCOCK COUNTY, TEXAS WAS EXTINGUISHED ON JUNE 30.LAREDO PETROLEUM - GLASSCOCK COUNTY WELLS SUSTAINED NO DAMAGE AND CO EXPECTS TO RESTORE ABOUT 70% OF SHUT-IN PRODUCTION BEGINNING JULY 3.LAREDO PETROLEUM INC - CAUSE OF JUNE 30 FIRE AT A GLASSCOCK COUNTY LAREDO TANK BATTERY IS CURRENTLY BEING INVESTIGATED.LAREDO PETROLEUM - INITIAL INDICATIONS ARE THAT THE JUNE 30 FIRE AT A GLASSCOCK COUNTY LAREDO TANK BATTERY WAS CAUSED BY A LIGHTNING STRIKE.LAREDO PETROLEUM INC - EXPECTS TO RESTORE ABOUT 90% OF SHUT-IN PRODUCTION AT GLASSCOCK BY FOLLOWING WEEK AFTER JULY 3.LAREDO PETROLEUM INC - ALL REMAINING SHUT-IN PRODUCTION AT GLASSCOCK IS EXPECTED TO BE RESTORED BY END OF JULY.LAREDO PETROLEUM - REITERATING PREVIOUSLY STATED GUIDANCE FOR OIL & TOTAL PRODUCTION GROWTH FOR FULL-YEAR 2018 OF GREATER THAN 10% AND 12%, RESPECTIVELY.LAREDO PETROLEUM INC - CURRENT EFFORTS ARE EXPECTED TO LIMIT IMPACT OF SHUT-IN PRODUCTION AT GLASSCOCK TO ABOUT 400 BOPD IN Q3 OF 2018.  Full Article

Laredo Petroleum Announces $200 Mln Share Repurchase Program
Wednesday, 14 Feb 2018 04:35pm EST 

Feb 14 (Reuters) - Laredo Petroleum Inc ::LAREDO PETROLEUM ANNOUNCES $200 MILLION SHARE REPURCHASE PROGRAM.LAREDO PETROLEUM INC - SHARE REPURCHASE AUTHORIZATION EXTENDS THROUGH FEBRUARY 16, 2020.  Full Article

Laredo Petroleum Posts Q4 Non-GAAP Earnings Per Share $0.19
Wednesday, 14 Feb 2018 04:33pm EST 

Feb 14 (Reuters) - Laredo Petroleum Inc ::LAREDO PETROLEUM ANNOUNCES 2017 FOURTH-QUARTER AND FULL-YEAR FINANCIAL AND OPERATING RESULTS.Q4 EARNINGS PER SHARE $1.70.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.19.‍BOARD OF DIRECTORS HAS AUTHORIZED A $200 MILLION SHARE REPURCHASE PROGRAM​.QTRLY PRODUCTION WAS 61,922 BOE PER DAY, AN INCREASE OF APPROXIMATELY 17%.‍FOURTH-QUARTER 2017 PRODUCTION WAS 61,922 BOE PER DAY, AN INCREASE OF APPROXIMATELY 17% FROM FOURTH-QUARTER 2016​.LAREDO PETROLEUM - ‍CURRENTLY HAS HEDGES IN PLACE FOR APPROXIMATELY 90% OF ANTICIPATED OIL PRODUCTION IN 2018 AND HAS INCREASED OIL HEDGES THROUGH 2020​.‍REITERATING ITS ANTICIPATED FULL-YEAR 2018 PRODUCTION GROWTH GUIDANCE OF AT LEAST 10% AS COMPARED TO 2017​.QTRLY ‍TOTAL REVENUES $240.3 MILLION VERSUS $184.3 MILLION​.  Full Article

Laredo Petroleum Sees Q4 Production Of 61,922 Boed
Wednesday, 24 Jan 2018 05:08pm EST 

Jan 24 (Reuters) - Laredo Petroleum Inc ::LAREDO PETROLEUM ANNOUNCES 29% GROWTH IN YEAR-END PROVED RESERVE ESTIMATES.LAREDO PETROLEUM INC - ‍BOARD OF DIRECTORS HAS APPROVED $555 MILLION CAPITAL BUDGET FOR 2018, EXCLUDING ACQUISITIONS​.LAREDO PETROLEUM INC - LAREDO IS CURRENTLY OPERATING THREE HORIZONTAL RIGS AND EXPECTS TO INCREASE TO FOUR HORIZONTAL RIGS IN SECOND HALF OF 2018.LAREDO PETROLEUM INC - ‍EXPECTS CASH FLOW FROM OPERATIONS TO FUND CAPITAL EXPENDITURES BY END OF 2018​.LAREDO PETROLEUM INC - SEES TOTAL PRODUCTION IN Q4 OF 2017 OF 61,922 BOE PER DAY, COMPRISED OF 43% OIL, 28% NGL AND 29% NATURAL GAS.  Full Article

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

BRIEF-Laredo Petroleum Expects To Report Q1 Gain On Derivatives Of About $9 Mln

* LAREDO PETROLEUM SCHEDULES FIRST-QUARTER 2018 EARNINGS CONFERENCE CALL FOR MAY 3 AND PROVIDES COMMODITY DERIVATIVES UPDATE