Laredo Petroleum (LPI) Misses Q4 EPS by 9c

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Laredo Petroleum Announces 2018 Fourth-Quarter and Full-Year Financial and Operating Results

February 13, 2019 4:30 PM EST

TULSA, OK., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced its 2018 fourth-quarter and full-year results. For the fourth quarter of 2018, the Company reported net income attributable to common stockholders of $149.6 million, or $0.65 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2018 was $37.5 million, or $0.16 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2018, was $132.4 million.

For the year ended December 31, 2018, the Company reported net income attributable to common stockholders of $324.6 million,... More