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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.
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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.
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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.

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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.  

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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.
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