Laredo Petroleum (LPI) Misses Q1 EPS by 94c

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Go back to Laredo Petroleum (LPI) Misses Q1 EPS by 94c

Laredo Petroleum Announces First-Quarter 2022 Financial and Operating Results

May 4, 2022 4:30 PM EDT

TULSA, OK, May 04, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced its first-quarter 2022 financial and operating results. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, May 5, 2022. Complete details can be found within this release.

First-Quarter 2022 Highlights

Reported a net loss of $86.8 million and cash flows from operating activities of $170.9 million, generating Adjusted EBITDA1 of $222.1 million and Free Cash Flow1 of $23.2 millionReduced Net Debt1/Consolidated EBITDAX1 ratio to... More