See more : TC Biopharm (Holdings) Plc (TCBP) Income Statement Analysis – Financial Results
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 |
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