Laredo Petroleum (LPI) Misses Q4 EPS by 5c, Offers Q1 Guidance

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February 16, 2016 5:34 PM EST

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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