Laredo Petroleum (LPI) Tops Q3 EPS by 1c, Offers Guidance
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Laredo Petroleum (NYSE: LPI) reported Q3 EPS of $0.07, $0.01 better than the analyst estimate of $0.06.
Guidance
The table below reflects the Company's guidance for the fourth quarter of 2015 and full-year 2015, adjusted for the divestiture of non-strategic properties closed September 15, 2015:
| 4Q-2015 | FY-2015 | |
| Production (MMBOE) | 3.6 - 3.8 | 16.2 - 16.4 |
| Crude oil % of production | ~45% | ~46% |
| Natural gas liquids % of production | ~27% | ~26% |
| Natural gas % of production | ~28% | ~28% |
| Price Realizations (pre-hedge): | ||
| Crude oil (% of WTI) | ~88% | ~87% |
| Natural gas liquids (% of WTI) | ~23% | ~22% |
| Natural gas (% of Henry Hub) | ~75% | ~71% |
| Operating Costs & Expenses: | ||
| Lease operating expenses ($/BOE) | $6.25 - $7.25 | $6.50 - $7.50 |
| Midstream expenses ($/BOE) | $0.20 - $0.40 | $0.30 - $0.40 |
| Production and ad valorem taxes (% of oil and gas revenue) | 7.75% | 7.75% |
| General and administrative expenses ($/BOE) | $5.50 - $6.50 | $5.25 - $6.25 |
| Depletion, depreciation and amortization ($/BOE) | $13.00 - $14.00 | $15.50 - $16.50 |
For earnings history and earnings-related data on Laredo Petroleum (LPI) click here.
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