Laredo Petroleum, Inc. (LPI) Income Statement Analysis

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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)

Industry: Oil & Gas Exploration & Production

Sector: Energy

Website: https://www.laredopetro.com

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 (LPI) Just Reclaimed the 20-Day Moving Average

April 27, 2021zacks.com

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

Laredo Petroleum Schedules First-Quarter 2021 Earnings Release and Conference Call

April 1, 2021globenewswire.com

TULSA, OK, April 01, 2021 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will report first-quarter 2021 financial and operating results after the market close on Wednesday, May 5, 2021, and will host a conference call...