Laredo Petroleum (LPI) Tops Q1 EPS by 2c

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Go back to Laredo Petroleum (LPI) Tops Q1 EPS by 2c

Laredo Petroleum Announces 2016 First-Quarter Financial and Operating Results

May 4, 2016 5:02 PM EDT

TULSA, OK, May 04, 2016 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) (Laredo or the Company) today announced its 2016 first-quarter results, reporting a net loss attributable to common stockholders of $180.4 million, or $0.85 per diluted share, which includes a pre-tax, non-cash full cost ceiling impairment charge of $161.1 million. Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2016 was $17.3 million, or $0.08 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2016 was $96.1 million.

2016 First-Quarter Highlights

Produced 46,202 barrels of oil equivalent ("BOE") per day,... More