Vital Energy Inc.

Laredo Petroleum Inc. today announced that it has closed a bolt-on acquisition of 4,475 contiguous net acres in Glasscock County for $65 million, further delivering on the Company’s strategy of acquiring properties that can improve the Company’s capital efficiency and enhance Free Cash Flow1 generation. The acquisition was funded with the Company's $1.0 billion senior secured credit facility, resulting in [...]

Laredo Petroleum Inc. today announced its 2019 third-quarter results, reporting net loss attributable to common stockholders of $264.6 million, or $1.14 per diluted share, which includes a non-cash full cost ceiling impairment charge of $397.9 million. Adjusted Net Income, a non-GAAP financial measure, for the third quarter of 2019 was $48.8 million, or $0.21 per diluted share. Adjusted EBITDA, a non-GAAP financial [...]

Laredo Petroleum Inc. today is announcing third-quarter oil and total production results that are above prior guidance. Additionally, Laredo is providing an update to the Company's 2019 operating plan and full-year 2019 production and free cash flow1 guidance, reflecting improving capital efficiency, which is primarily driven by reduced cycle times, well cost reductions and productivity improvements from wider-spaced [...]

Laredo Petroleum Inc. will report third-quarter 2019 financial and operating results after the market close on Tuesday, November 5, 2019, and will host a conference call on Wednesday, November 6, 2019, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 877.930.8286 , using conference code 8493537 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor [...]

Laredo Petroleum Inc. today announced, as part of the previously discussed comprehensive succession planning process, that Jason Pigott will succeed Randy A. Foutch as the Company's Chief Executive Officer, effective October 1, 2019. Mr. Pigott will continue in his role as President. Mr. Foutch will remain Chairman of Laredo's Board of Directors through the Company's 2020 Annual Meeting, but will not stand for re-election [...]

Laredo Petroleum Inc. today announced its 2019 second-quarter results, reporting net income attributable to common stockholders of $173.4 million, or $0.75 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2019 was $55.5 million, or $0.24 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of 2019 was $153.2 million. Please see supplemental [...]

Laredo Petroleum Inc. will host a conference call on Thursday, August 1, 2019 to discuss its second-quarter 2019 financial and operating results. The Company also announces preliminary results for its commodity derivatives and its basic and diluted weighted-average shares outstanding for second-quarter 2019. Second-Quarter 2019 Earnings Conference Call Laredo plans to release second-quarter 2019 earnings on Wednesday [...]

70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference  The oil and gas companies presenting at EnerCom's 24th annual The Oil & Gas Conference® are largely independent exploration and production companies developing oil and gas assets. The conference affords oil and gas analysts, portfolio managers, family offices and other buyside investors an [...]

Laredo Petroleum Inc. today announced its 2019 first-quarter results, reporting a net loss attributable to common stockholders of $9.5 million, or $0.04 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2019 was $27.9 million, or $0.12 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2019 was $122.9 million. Please see supplemental [...]

Laredo Petroleum Inc. today announced that the Company has named Mikell J. Pigott as its new President and a member of the Board of Directors, effective May 28, 2019. Mr. Pigott will succeed Randy A. Foutch as Laredo’s Chief Executive Officer during the fourth quarter of 2019. "Jason’s appointment is the culmination of a comprehensive succession planning process that has been years in the making and that we [...]