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Complete financial analysis of Laredo Petroleum, Inc. (LPI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Laredo Petroleum, Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Laredo Petroleum, Inc. (LPI)
About Laredo Petroleum, Inc.
Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was incorporated in 2006 and is headquartered in Tulsa, Oklahoma.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.55B | 1.92B | 1.39B | 677.19M | 837.28M | 1.11B | 822.16M | 597.38M | 606.64M | 793.89M | 665.26M | 588.08M | 510.27M | 242.00M | 96.89M |
| Cost of Revenue | 116.53M | 718.74M | 640.86M | 530.80M | 524.37M | 644.97M | 471.25M | 428.07M | 604.38M | 455.76M | 359.74M | 352.99M | 80.08M | 40.23M | 22.76M |
| Gross Profit | 1.43B | 1.20B | 753.22M | 146.40M | 312.91M | 460.81M | 350.92M | 169.30M | 2.26M | 338.12M | 305.52M | 235.09M | 430.19M | 201.78M | 74.13M |
| Gross Profit Ratio | 92.47% | 62.58% | 54.03% | 21.62% | 37.37% | 41.67% | 42.68% | 28.34% | 0.37% | 42.59% | 45.93% | 39.98% | 84.31% | 83.38% | 76.51% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 104.82M | 68.08M | 62.80M | 50.53M | 54.73M | 96.14M | 96.31M | 91.76M | 90.43M | 106.04M | 89.70M | 62.11M | 51.68M | 0.00 | 0.00 |
| Selling & Marketing | 41.28M | 53.69M | 47.92M | 49.93M | 25.40M | 11.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 146.10M | 68.08M | 62.80M | 50.53M | 54.73M | 107.84M | 96.31M | 91.76M | 90.43M | 106.04M | 89.70M | 62.11M | 51.68M | 0.00 | 0.00 |
| Other Expenses | 726.03M | 62.28M | 52.15M | 54.36M | 29.52M | 4.47M | 4.93M | 3.48M | 2.42M | 1.79M | 1.48M | 1.20M | 176.37M | 128.79M | 80.99M |
| Operating Expenses | 872.13M | 130.36M | 114.95M | 104.89M | 84.24M | 112.31M | 101.24M | 95.24M | 92.85M | 107.83M | 91.17M | 63.31M | 228.05M | 128.79M | 80.99M |
| Cost & Expenses | 988.66M | 849.10M | 755.81M | 635.69M | 608.61M | 757.28M | 572.49M | 523.31M | 697.22M | 563.60M | 450.91M | 416.30M | 308.13M | 169.02M | 103.75M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 805.00K | 175.00K | 426.00K | 294.00K | 163.00K | 59.00K | 108.00K | 150.00K | 223.00K |
| Interest Expense | -149.82M | 125.12M | 108.93M | 101.30M | 58.44M | 54.25M | 85.41M | 89.38M | 98.98M | 116.74M | 95.40M | 80.63M | 50.58M | 18.48M | 7.46M |
| Depreciation & Amortization | 463.24M | 334.26M | 13.61M | 13.07M | 14.56M | 34.60M | 158.39M | 148.34M | 277.72M | 246.47M | 233.94M | 243.65M | 176.37M | 5.94M | 2.49M |
| EBITDA | 1.19B | 1.10B | 271.20M | -763.75M | -272.05M | 383.09M | 636.18M | -171.36M | -2.29B | 546.60M | 287.91M | 175.24M | 215.51M | 78.92M | -251.04M |
| EBITDA Ratio | 77.01% | 57.08% | 19.45% | -112.78% | -32.49% | 34.64% | 77.38% | -28.69% | -377.14% | 68.85% | 43.28% | 29.80% | 42.23% | 32.61% | -259.09% |
| Operating Income | 559.62M | 762.14M | 257.59M | -861.73M | -408.59M | 348.49M | 249.67M | -87.96M | -2.47B | 226.39M | 214.35M | 171.78M | 201.90M | 72.98M | -253.53M |
| Operating Income Ratio | 36.16% | 39.68% | 18.48% | -127.25% | -48.80% | 31.52% | 30.37% | -14.72% | -407.41% | 28.52% | 32.22% | 29.21% | 39.57% | 30.16% | -261.66% |
| Total Other Income/Expenses | -47.88M | -868.10M | -571.68M | -16.39M | 63.54M | -19.65M | 301.10M | -172.78M | 84.63M | 203.47M | -23.27M | -77.18M | -36.97M | -12.55M | -4.97M |
| Income Before Tax | 511.74M | 637.01M | 148.65M | -878.12M | -345.05M | 328.84M | 550.77M | -260.74M | -2.39B | 429.86M | 191.08M | 94.60M | 164.93M | 60.44M | -258.50M |
| Income Before Tax Ratio | 33.07% | 33.16% | 10.66% | -129.67% | -41.21% | 29.74% | 66.99% | -43.65% | -393.46% | 54.15% | 28.72% | 16.09% | 32.32% | 24.97% | -266.79% |
| Income Tax Expense | 183.34M | 5.50M | 3.65M | -3.95M | -2.59M | 4.25M | 1.80M | -231.74M | -176.95M | 164.29M | 74.51M | 32.95M | 59.37M | -25.81M | -74.01M |
| Net Income | 695.08M | 631.51M | 145.01M | -874.17M | -342.46M | 324.60M | 548.97M | -260.74M | -2.21B | 265.57M | 118.00M | 61.65M | 105.55M | 86.25M | -184.50M |
| Net Income Ratio | 44.91% | 32.88% | 10.40% | -129.09% | -40.90% | 29.35% | 66.77% | -43.65% | -364.29% | 33.45% | 17.74% | 10.48% | 20.69% | 35.64% | -190.41% |
| EPS | 33.44 | 37.44 | 9.07 | -74.92 | -29.61 | 27.84 | 45.92 | -23.12 | -221.93 | 37.59 | 17.81 | 9.71 | 16.54 | 13.80 | -29.52 |
| EPS Diluted | 33.44 | 37.44 | 9.07 | -74.92 | -29.61 | 27.84 | 45.72 | -23.12 | -221.93 | 37.00 | 17.56 | 9.62 | 16.54 | 13.80 | -29.52 |
| Weighted Avg Shares Out | 20.78M | 16.87M | 15.99M | 11.67M | 11.56M | 11.66M | 11.95M | 11.28M | 9.96M | 7.07M | 6.62M | 6.35M | 6.38M | 6.25M | 6.25M |
| Weighted Avg Shares Out (Dil) | 20.78M | 16.87M | 15.99M | 11.67M | 11.56M | 11.66M | 12.01M | 11.28M | 9.96M | 7.18M | 6.72M | 6.41M | 6.38M | 6.25M | 6.25M |
5 Stock Picks For Last Week From Benzinga's Most Accurate Analysts - Marsh & McLennan (NYSE:MMC), Laredo Petroleum (NYSE:LPI)
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements.
Laredo Petroleum: Howard County Issues And Benefits
Laredo Petroleum's Howard County wells are more profitable than the company legacy acreage. High levels of Howard County upstream activity have led to issue that decrease well profitability for Laredo Petroleum.
Selling Puts On Laredo Petroleum
Laredo Petroleum, Inc. is a dirt-cheap E&P company focused on the Midland Basin in Texas. The Laredo balance sheet continues to improve as debt levels come down quickly in 2022.
Is the Options Market Predicting a Spike in Laredo Petroleum (LPI) Stock?
Investors need to pay close attention to Laredo Petroleum (LPI) stock based on the movements in the options market lately.
Laredo Petroleum: Cash Flow Is Now King
The new mantra is free cash flow generation. The newly acquired leases are leading to better profitability.
Laredo Petroleum, Inc. (LPI) Q3 2022 Earnings Call Transcript
Laredo Petroleum, Inc. (NYSE:LPI ) Q3 2022 Results Conference Call November 4, 2022 8:30 AM ET Company Participants Ron Hagood - IR Jason Pigott - President and CEO Bryan Lemmerman - CFO Kyle Coldiron - VP of Development & Production...
Laredo Petroleum (LPI) Q3 Earnings Miss Estimates
Laredo Petroleum (LPI) delivered earnings and revenue surprises of -18.84% and 32.31%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Laredo Petroleum: Let Us Talk Hedging
Hedging losses and gains are generally valued as nonrecurring by the market. Hedging is also seen as a "zero-sum" situation.
Laredo Petroleum Schedules Third-Quarter 2022 Earnings Release and Conference Call
TULSA, OK, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will report third-quarter 2022 financial and operating results after the market close on Thursday, November 3, 2022, and will host a conference call...
Laredo Petroleum: Management Kissed A Toad
Management sold non-operated 1650 acres for $110 million. That is a far higher value than the original purchase of 30k acres for 710 million.
Source: https://incomestatements.info
Category: Stock Reports