Laredo Petroleum Inc. today announced the Company has taken measures to align the Company's cost structure with operational activity, reducing combined cash and non-cash general and administrative expenses and capitalized employee costs by approximately 25% on an annualized basis. Separately, the Company announced the promotion of Michael T. Beyer to Senior Vice President and Chief Financial Officer, immediately replacing [...]
Laredo Petroleum Inc. today announced the retirement of Dan C. Schooley, Senior Vice President - Midstream, Marketing & Subsurface and Kenneth E. Dornblaser, Senior Vice President - Legal & Administration. Concurrently, the Company's Board of Directors has appointed Mark D. Denny as Senior Vice President and General Counsel & Secretary, effective immediately. "The promotion of Mark to a senior leadership position is [...]
Laredo Petroleum Inc. 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 [...]
Laredo Petroleum Inc. will host a conference call on Thursday, February 14, 2019 to discuss its fourth-quarter and full-year 2018 financial and operating results, 2019 capital budget and 2018 year-end proved reserves. The Company also announces preliminary results for its commodity derivatives for fourth-quarter 2018 and its basic and diluted weighted-average shares outstanding. Fourth-Quarter and Full-Year 2018 Earnings [...]
Laredo Petroleum Inc. today announced the appointment of Frances Powell Hawes to the Company's Board of Directors . Ms. Powell Hawes' appointment as an independent director and membership on the Board's Audit and Nominating and Corporate Governance committees is effective December 12, 2018. "Frances' extensive track record of success and financial leadership in the energy industry make her an excellent addition to our [...]
Laredo Petroleum Inc. 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 [...]
Laredo Petroleum Inc. today announced the promotion of T. Karen Chandler to Senior Vice President and Chief Operating Officer. Dr. Chandler joined Laredo in 2012 and has served as Vice President—Operations since 2016. "We are fortunate to have a leader of Karen's caliber on our team," said Randy A. Foutch, Chairman and Chief Executive Officer. "Karen has been instrumental in improving the efficiency of our [...]
Laredo Petroleum Inc. will host a conference call on Tuesday, November 6, 2018 to discuss its third-quarter 2018 financial and operating results. The Company also announces preliminary results for its commodity derivatives for third-quarter 2018 and its basic and diluted weighted-average shares outstanding. Third-Quarter 2018 Earnings Conference Call Laredo plans to release third-quarter 2018 earnings on Monday, November [...]
TULSA, OK, Aug. 01, 2018 -- Laredo Petroleum Inc. today announced its 2018 second-quarter results, reporting net income attributable to common stockholders of $33.5 million, or $0.14 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2018 was $58.9 million, or $0.25 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of 2018 was $152.5 [...]
TULSA, OK., July 18, 2018 -- Laredo Petroleum Inc. will host a conference call on Thursday, August 2, 2018 to discuss its second-quarter 2018 financial and operating results. The Company also announces preliminary results for its commodity derivatives for second-quarter 2018 and its basic and diluted weighted-average shares outstanding. Second-Quarter 2018 Earnings Conference Call Laredo plans to release second-quarter [...]
TULSA, OK, July 02, 2018 -- Laredo Petroleum Inc. today provided the following information regarding a fire at a Laredo tank battery in Glasscock County, Texas. On June 30, 2018, a fire was reported at a Laredo tank battery in Glasscock County, Texas. No injuries were reported and the fire was extinguished the same day. Laredo's operations personnel were alerted by the Company's SCADA system and were able to quickly [...]
TULSA, OK, May 02, 2018 -- Laredo Petroleum Inc. today announced its 2018 first-quarter results, reporting net income attributable to common stockholders of $86.5 million, or $0.36 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2018 was $57.6 million, or $0.24 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2018 was $143.4 million [...]
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