Laredo Petroleum (LPI) Misses Q3 EPS by 2c, Revenue Beats

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Laredo Petroleum Announces 2018 Third-Quarter Financial and Operating Results

November 5, 2018 5:19 PM EST

TULSA, Okla., Nov. 05, 2018 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2018 third-quarter results, reporting net income attributable to common stockholders of $55.1 million, or $0.24 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the third quarter of 2018 was $62.4 million, or $0.27 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the third quarter of 2018 was $160.6 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

2018 Third-Quarter Highlights

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