Press Releases

Laredo Petroleum Announces 2016 Fourth-Quarter and Full-Year Financial and Operating Results

February 15, 2017

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its 2016 fourth-quarter and full-year results. For the fourth quarter of 2016, the Company reported a net loss attributable to common stockholders of $18.4 million, or $0.08 per diluted share, which includes a loss on derivatives of $43.6 million reflecting matured and new contracts and changes of the market prices in the forward curves of oil, natural gas liquids ("NGL") and natural gas. Adjusted Net Income, a non-GAAP financial measure, for

the fourth quarter of 2016 was $38.8 million, or $0.16 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2016, was $134.9 million.

Laredo Petroleum Provides Preliminary Results of Commodity Derivatives For Fourth-Quarter and Full-Year 2016

January 30, 2017

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) announces preliminary results for its commodity derivatives for fourth-quarter and full-year 2016 and its basic and diluted weighted-average shares outstanding.

Laredo Petroleum Announces 2017 Capital Budget of $530 Million

January 17, 2017

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) announces
its 2017 capital budget and anticipated production growth and its conference call to discuss fourth-quarter and fullyear 2016 results.

Laredo Petroleum Helps Preserve West Texas Landmark

November 23, 2016

Laredo Petroleum, Inc. continues to uphold its values of stewardship of the environment, by assisting the Nature Conservancy with the necessary funding to preserve one of the most scenic vistas in Texas – Sawtooth Mountain. Warburg Pincus, a global private equity firm, and some of their portfolio companies, which includes Laredo, came together to donate $1.2 million in funding to preserve the 2,500 acres in the Davis Mountains of West Texas. The safeguarding of this area will assist in keeping the diverse plant and animal life protected. “Laredo Petroleum is pleased to be a part of this important conservation initiative and we share The Nature Conservancy’s commitment to environmental sustainability,” said Randy A. Foutch, Chairman and Chief Executive Officer of Laredo Petroleum.

Laredo Petroleum Announces 2016 Third-Quarter Financial and Operating Results

November 02, 2016

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2016 third-quarter results, reporting net income attributable to common stockholders of $9.5 million, or $0.04 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the third quarter of 2016 was $28.4 million, or $0.12 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the third quarter of 2016 was $118.0 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

Laredo Petroleum Schedules Third-Quarter 2016 Earnings Conference Call for November 3 and Provides Commodity Derivatives Update

October 12, 2016

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, November 3, 2016 to discuss its third-quarter 2016 financial and operating results. The Company also announces preliminary results for its commodity derivatives for third-quarter 2016 and its basic and diluted weighted-average shares outstanding.

Laredo Petroleum to Present at Upcoming Conference

August 25, 2016

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced that Randy A. Foutch, Chairman and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Thursday, September 8, 2016, at 9:05 a.m. ET in New York City.

Laredo Petroleum Announces 2016 Second-Quarter Financial and Operating Results

August 03, 2016

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2016 second-quarter results, reporting a net loss attributable to common stockholders of $71.4 million, or $0.33 per diluted share, which includes a net loss on derivatives of approximately $68.5 million. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2016 was $28.2 million, or $0.13 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of 2016 was $107.8 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

Laredo Petroleum Schedules Second-Quarter 2016 Earnings Conference Call for August 4 and Provides Commodity Derivatives Update

July 20, 2016

Laredo Petroleum, Inc. (NYSE:LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, August 4, 2016 to discuss its second-quarter 2016 financial and operating results. The Company also announces preliminary results for its commodity derivatives for second-quarter 2016 and its basic and diluted weighted-average shares outstanding.

Laredo Petroleum Prices Upsized Offering of Common Stock

July 14, 2016

Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today the pricing of an upsized underwritten public offering of 13,000,000 shares of its common stock for total gross proceeds (before underwriting commissions and estimated offering expenses) of approximately $139.1 million. The Company has also granted the underwriters a 30-day option to purchase up to 1,950,000 additional shares of the Company’s common stock.

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Investor Relations

Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas.