Press Releases

Laredo Petroleum Announces 2016 Third-Quarter Financial and Operating Results

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

Laredo Petroleum to Present at Upcoming Conference

Laredo Petroleum Announces 2016 Second-Quarter Financial and Operating Results

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

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

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.

Laredo Petroleum Announces Offering of Common Stock

Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the
“Company”), announced today the commencement of an underwritten public offering of 12,000,000 shares of its common stock, subject to market and other
conditions. The Company expects to grant the underwriters a 30-day option to
purchase up to 1,800,000 additional shares of the Company’s common stock. The underwriters intend to offer the shares from time to time for sale in one or
more transactions on the New York Stock Exchange, in the over-the-counter
market, through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing market prices
or at negotiated prices.

Laredo Petroleum Acquires Bolt-On Midland Basin Acreage

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced that it has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million, subject to customary closing price adjustments. The acquisition secures additional rights to the Spraberry interval, enables the drilling of additional 10,000-foot or longer locations, facilitates the new Western Glasscock production corridor and increases the Company's working interest in current leasehold in western Glasscock and Reagan counties, Texas.

Laredo Petroleum Hosts Investor Meeting and Provides Update

Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”), will host an investor meeting today in Midland, TX to update current activities, including the successful application of the Earth Model to the Company's drilling program and the positive impact of infrastructure investments on operating expenses.