Laredo Petroleum (LPI) Misses Q4 EPS by 5c, Offers Q1 Guidance
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Laredo Petroleum (NYSE: LPI) reported Q4 EPS of $0.06, $0.05 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $115.9 million versus the consensus estimate of $151.92 million.
Guidance
The table below reflects the Company’s guidance for the first quarter of 2016:
1Q-2016 | ||
Production (MMBOE) | 3.7 - 4.0 | |
Product % of total production: | ||
Crude oil | ~48% | |
Natural gas liquids | ~26% | |
Natural gas | ~26% | |
Price Realizations (pre-hedge): | ||
Crude oil (% of WTI) | ~80% | |
Natural gas liquids (% of WTI) | ~22% | |
Natural gas (% of Henry Hub) | ~67% | |
Operating Costs & Expenses: | ||
Lease operating expenses ($/BOE) | $5.75 - $6.75 | |
Midstream expenses ($/BOE) | $0.20 - $0.40 | |
Production and ad valorem taxes (% of oil, NGL and natural gas revenue) | 8.25% | |
General and administrative expenses ($/BOE) | $5.50 - $6.50 | |
Depletion, depreciation and amortization ($/BOE) | ||
For earnings history and earnings-related data on Laredo Petroleum (LPI) click here.
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