Laredo Petroleum (LPI) Misses Q2 EPS by 4c

Laredo Petroleum (NYSE: LPI) reported Q2 EPS of $0.25, $0.04 worse than the analyst estimate of $0.29.

• Produced a Company record 67,206 barrels of oil equivalent ("BOE") per day, an increase of 15% from second-quarter 2017
• Increased anticipated production growth for full-year 2018 to greater than 15%
• Increased Adjusted EBITDA to $152.5 million, up 33% from the second quarter of 2017
• Repurchased 3,150,651 shares of common stock at a weighted-average price of $9.12 per share for $28.7 million under the Company's share repurchase program

For earnings history and earnings-related data on Laredo Petroleum (LPI) click here.

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