See more : Flying Garden Co., Ltd. (3317.T) 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 |
Laredo Petroleum: Exactly What Is Going On Here
Management increased the free cash flow projection and initiated a share repurchase program. The hedging program remains a concern. But management has promised a riskier program in the future as financial strength improves.
Laredo Petroleum: Mr. Market Awaits Proof
The higher oil producing acreage is about to show superior results on the quarterly reports. Legacy acreage provides exposure to natural gas pricing improvements as well.
Laredo Petroleum, Inc. (LPI) CEO Jason Pigott on Q1 2022 Results - Earnings Call Transcript
Laredo Petroleum, Inc. (NYSE:LPI ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Jason Pigott – President and Chief Executive Officer Ronald Hagood – Vice President, Investor Relations Karen Chandler – Senior Vice President and...
Laredo Petroleum: Reserve Report Implications
Drilling prospects have increased on the acquired acreage. This points to a reason why reserve reports often increase even though oil is produced every year.
Laredo Petroleum: Significant Upside Potential As It Pays Down Its Debt
Laredo is projected to generate $365 million in positive cash flow in 2022. It may be able to generate $600+ million in positive cash flow in 2023 at current strip due to reduced hedges.
Laredo Petroleum: Likely Shift From Shopping To Production
Margins improve with a greater percentage of oil production and stronger commodity prices. The acquisition program may slow during a period of stronger commodity prices.
Laredo Petroleum Schedules First-Quarter 2022 Earnings Release and Conference Call
TULSA, OK, April 04, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will report first-quarter 2022 financial and operating results after the market close on Wednesday, May 4, 2022, and will host a conference call...
Laredo Petroleum Will Likely Continue Making Acquisitions
Laredo Petroleum's rapid transformational strategy is about to show some big benefits.
Laredo Petroleum's Strategy Looks Successful
Laredo Petroleum is a $1.5 billion market cap oil and gas company focused in the Midland sub-basin of the Texas Permian. It does not pay a dividend.
Here's Why Momentum Investors Will Love Laredo Petroleum (LPI)
Does Laredo Petroleum (LPI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Source: https://incomestatements.info
Category: Stock Reports