Press Releases

Global Infrastructure Partners To Acquire Medallion Gathering & Processing, LLC

October 02, 2017

NEW YORK, NY; IRVING, TX; HOUSTON, TX; TULSA, OK—October 2, 2017. The Energy & Minerals Group (“EMG”), 51% owner, and Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo”), 49% owner, announced today that their affiliates have entered into a binding agreement to sell Medallion Gathering & Processing, LLC (“Medallion”) to an affiliate of Global Infrastructure Partners (“GIP”) for a cash purchase price of $1.825 billion (the “Base Consideration”) plus additional cash consideration that is linked to GIP’s realized profits at exit (the “Additional Consideration”). GIP is a leading global, independent infrastructure investor that combines specialist industry experience and industrial best practice operational management to achieve superior riskadjustedreturns. Funding of the Base Consideration is expected to occuron or before November 1, 2017 and includes $725 million of stapled debt financing provided by Jefferies LLC. There can be no assurance as to when and whether the Additional Consideration will be funded. All proceeds from the sale of Medallion, including both the Base Consideration and the Additional Consideration, will be distributed 51% to EMG and 49% to Laredo. 

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Laredo Petroleum Announces 2017 Second-Quarter Financial and Operating Results

August 07, 2017

Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2017 second-quarter results, reporting net income attributable to common stockholders of $61.1 million, or $0.25 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2017 was $25.2 million, or $0.10 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of 2017 was $114.3 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

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Laredo Petroleum Announces 2017 First-Quarter Financial and Operating Results

May 03, 2017

Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2017 first-quarter results, reporting net income attributable to common stockholders of $68.3 million, or $0.28 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2017 was $23.8 million, or $0.10 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2017 was $107.4 million. Please see supplemental financial information at the end of this news release for reconciliations of non-GAAP financial measures.

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Laredo Petroleum Schedules First-Quarter 2017 Earnings Conference Call for May 4 and Provides Commodity Derivatives Update

April 17, 2017
Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will host a conference call on Thursday, May 4, 2017 to discuss its first-quarter 2017 financial and operating results. The Company also announces preliminary results for its commodity derivatives for first-quarter 2017 and its basic and diluted weighted-average shares outstanding.
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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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