Laredo Petroleum (LPI) Misses Q4 EPS by 1c
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Laredo Petroleum Announces Fourth-Quarter and Full-Year 2019 Financial and Operating Results
February 12, 2020 4:30 PM ESTTULSA, OK, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its fourth-quarter and full-year 2019 results. For the fourth quarter of 2019, the Company reported a net loss attributable to common stockholders of $241.7 million, or $1.04 per diluted share, which includes a non-cash full cost ceiling impairment charge of $222.7 million. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2019 was $39.7 million, or $0.17 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2019 was $137.9 million.
For full-year 2019, the Company reported a net... More
