Laredo Petroleum (LPI) Misses Q2 EPS by 4c

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Laredo Petroleum Announces 2018 Second-Quarter Financial and Operating Results

August 1, 2018 4:59 PM EDT

TULSA, OK, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2018 second-quarter results, reporting net income attributable to common stockholders of $33.5 million, or $0.14 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2018 was $58.9 million, or $0.25 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of 2018 was $152.5 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

2018 Second-Quarter Highlights

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