Laredo Petroleum (LPI) Reports In-Line Q4 EPS
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Laredo Petroleum Announces 2016 Fourth-Quarter and Full-Year Financial and Operating Results
February 15, 2017 5:19 PM ESTTULSA, OK, Feb. 15, 2017 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) (Laredo or the Company) today announced its 2016 fourth-quarter and full-year results. For the fourth quarter of 2016, the Company reported a net loss attributable to common stockholders of $18.4 million, or $0.08 per diluted share, which includes a loss on derivatives of $43.6 million reflecting matured and new contracts and changes of the market prices in the forward curves of oil, natural gas liquids ("NGL") and natural gas. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2016 was $38.8 million, or $0.16 per adjusted diluted share.... More
