Laredo Petroleum, Inc. (NYSE: VTLE) reported Q1 EPS of $2.37, $0.29 better than the analyst estimate of $2.08. Revenue for the quarter came in at $512.18 million versus the consensus estimate of $534.33 million.

2025 Outlook

Vital Energy remains committed to maximizing cash flow and reducing debt. Cash flows are supported by its significant hedge position, with ~90% of expected oil production for the remainder of the year swapped at an average WTI price of $70.61 per barrel.

While the Company today reiterated its full-year 2025 outlook, it is closely monitoring commodity prices and service costs and has significant flexibility to adjust its development plans, should market conditions warrant, with no rig or completions contracts extending beyond March 2026.

For full-year 2025, the Company expects to generate approximately $265 million of Adjusted Free Cash Flow at current oil prices of ~$59 per barrel WTI, inclusive of hedging proceeds, and to reduce Net Debt by approximately $300 million, inclusive of proceeds from the non-core asset sale in March.

For earnings history and earnings-related data on Laredo Petroleum, Inc. (VTLE) click here.