Laredo Petroleum Announces 2019 Third-Quarter Financial and Operating Results
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Laredo Petroleum (LPI) Reports In-Line Q3 EPS
November 5, 2019 5:06 PM ESTLaredo Petroleum (NYSE: LPI) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $193.57 million versus the consensus estimate of $198.03 million.
2019 Third-Quarter Highlights
Produced 27,830 barrels of oil per day ("BOPD") and 81,921 barrels of oil equivalent ("BOE") per day, exceeding oil production guidance for the quarter by 2% and total production guidance by 4%Generated $48.9 million of Free Cash Flow and reduced the amount outstanding on the Company's credit facility by $50.0 million, maintaining Net Debt to Adjusted EBITDAa at 1.7 timesReduced... More