Laredo Petroleum Inc. will report first-quarter 2020 financial and operating results after the market close on Wednesday, May 6, 2020, and will host a conference call on Thursday, May 7, 2020, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 877.930.8286 , using conference code 5191340 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations." A [...]
Laredo Petroleum Inc., a Delaware corporation , announced today that on March 26, 2020, it received formal notice from the New York Stock Exchange that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE. Laredo intends to notify the NYSE of its intent to cure the [...]
Laredo Petroleum Inc. , today provided an update to the Company's 2020 capital budget and operating plan. Prioritizing Free Cash Flow1, returns and balance sheet strength in a volatile commodity price environment, the Company has reduced its 2020 capital budget by 36%, to $290 million from the previously-announced $450 million, and expects to generate approximately $90 million in Free Cash Flow1, excluding non-budgeted [...]
Laredo Petroleum Inc. today announced the Company's 2020 capital budget of approximately $450 million and updated its 2020 - 2022 three-year outlook. 2020 Budget Highlights Expect to balance capital expenditures and cash flow at $50 per barrel WTI and $2.25 per MMBtu Henry Hub pricing Anticipating mid-single digit oil and total production growth versus full-year 2019, driven by capital- efficient development of recently [...]
Laredo Petroleum Inc. today announced the appointment of William Albrecht to the Company's Board of Directors . His appointment as an independent director and as a member of the Board's Compensation and Nominating and Corporate Governance committees was effective February 20, 2020. Mr. Albrecht brings insight from more than 40 years of experience in the oil and gas industry, including multiple executive leadership roles [...]
Laredo Petroleum Inc. today announced its fourth-quarter and full-year 2019 results. For the fourth quarter of 2019, the Company reported a net loss attributable to common stockholders of $241.7 million, or $1.04 per diluted share, which includes a non-cash full cost ceiling impairment charge of $222.7 million. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2019 was $39.7 million, or $0.17 [...]
Laredo Petroleum Inc., a Delaware corporation , announced today the early tender results of its previously announced tender offers to purchase any or all of its outstanding $450.0 million aggregate principal amount of 5 5/8% senior unsecured notes due 2022 and any or all of its outstanding $350.0 million aggregate principal amount of 6 1/4% senior unsecured notes due 2023 . According to information provided by Global [...]
Laredo Petroleum Inc. will report fourth-quarter 2019 financial and operating results after the market close on Wednesday, February 12, 2020, and will host a conference call on Thursday, February 13, 2020, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 877.930.8286 , using conference code 2388743 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor [...]
Laredo Petroleum Inc., a Delaware corporation , announced today the pricing of $600 million in aggregate principal amount of 9.50% senior notes due 2025 and $400 million in aggregate principal amount of 10.125% senior notes due 2028 in a registered underwritten offering for a total of $1.0 billion, representing a $100 million upsize from the previously announced offering. Interest is payable on January 15 and July 15 of [...]
Laredo Petroleum Inc., a Delaware corporation , announced today that it is commencing cash tender offers and consent solicitations for any or all of its outstanding $450 million aggregate principal amount of 5 5/8% senior unsecured notes due January 2022 and $350 million aggregate principal amount of 6 1/4% senior unsecured notes due March 2023 , subject to certain conditions . Information related to the Existing Notes [...]
Laredo Petroleum Inc., a Delaware corporation , announced today that it intends, subject to market conditions, to publicly offer $450 million in aggregate principal amount of senior unsecured notes due 2025 and $450 million in aggregate principal amount of senior unsecured notes due 2028 in a registered underwritten offering for a total of $900 million. The Company intends to use the net proceeds of the offering, if [...]
Laredo Petroleum Inc. today announced year-end reserve estimates and annual production for 2019. 2019 Highlights Exceeded both oil and total production guidance for full-year 2019, producing an average of 28.4 thousand barrels of oil per day and 80.9 thousand barrels of oil equivalent per day in full-year 2019, increases of 2% and 19% versus full-year 2018, respectively Grew proved oil reserves by 17 million barrels, an [...]
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