Laredo Petroleum lifts guidance for full-year production, free cash flow [Seeking Alpha]
Laredo Petroleum, Inc. (LPI)
Last laredo petroleum, inc. earnings: 2/12 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.laredopetro.com
Company Research
Source: Seeking Alpha
Laredo Petroleum lifts guidance for full-year production, free cash flow Laredo Petroleum (NYSE: LPI +5.1% Q2 earnings LPI says Q2 production totaled a record 30.4K bbl/day of oil, exceeding the company's guidance by 7%, and generated a higher than expected $173M of cash flows from operations during the quarter. The Q2 result prompt LPI it to raise FY 2019 guidance for oil and total production as well as free cash flow, now seeing oil production flat compared to FY 2018 vs. previous guidance of a 2% decline and total production rising 14% vs. prior guidance of 11% growth, which the company expects will drive free cash flow generation of $30M for the full year while operating within its $465M capital budget. LPI says its decision to widen development spacing to improve well productivity, combined with sustainable operational efficiency gains that have shortened cycle times, is driving increased production and free cash flow projections.
Show less
Read more
Impact Snapshot
Event Time:
LPI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LPI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LPI alerts
High impacting Laredo Petroleum, Inc. news events
Weekly update
A roundup of the hottest topics