LPI Stock Price, News & Analysis

Laredo Petroleum, Inc. (NYSE: LPI) is an independent energy company in the crude petroleum and natural gas extraction industry. According to the company’s own disclosures, Laredo is headquartered in Tulsa, Oklahoma and its business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas.

The company operates within the broader mining, quarrying, and oil and gas extraction sector. Its activities center on upstream oil and gas, where it invests capital in drilling and completions, infrastructure, and related exploration and development work. Laredo’s public communications repeatedly emphasize a strategy of acquiring high-return assets and selling certain non-core properties, while maintaining an inventory of operated drilling locations.

Business focus and operations

Laredo describes itself as an independent energy company whose core business is developing oil and natural gas properties in the Permian Basin. In its news releases, the company highlights:

• Acquisition and development of oil and natural gas properties, with capital expenditures directed to drilling and completions, land, exploration, data-related costs and infrastructure.
• Optimization of its portfolio through both acquisitions of high-return assets and divestitures of certain non-operated or non-core properties.
• Use of Free Cash Flow and Adjusted EBITDA (non-GAAP measures defined in its releases) to support debt reduction, equity repurchases and other balance sheet objectives.

In multiple quarterly updates, Laredo reports on wells completed and turned-in-line, lease operating expenses, general and administrative expenses and capital spending levels, reflecting its focus on capital-efficient development of its Permian Basin assets.

Permian Basin emphasis

Across its public communications, Laredo consistently states that its strategy is centered on the Permian Basin of West Texas. The company notes that it has built a portfolio of development locations there and that it evaluates opportunities to acquire assets and divest certain non-operated properties while maintaining an inventory of operated, high-quality drilling locations.

For example, Laredo has described divestitures of non-operated properties in Howard County, Texas, while stating that such sales do not reduce its multi-year inventory of operated drilling locations. This illustrates how the company manages its asset base within the Permian Basin to align with its strategic and financial goals.

Capital allocation and financial approach

Laredo’s news releases describe a capital allocation approach that includes:

• Directing capital expenditures toward drilling and completions, land and exploration, infrastructure and other capitalized costs.
• Using Free Cash Flow to reduce net debt and to repurchase term debt and common equity.
• Maintaining liquidity through a senior secured credit facility and cash balances.

The company frequently references non-GAAP financial measures such as Adjusted EBITDA, Adjusted Net Income, Free Cash Flow and Net Asset Value, and provides reconciliations in its own supplemental materials. These measures are used by Laredo’s management to evaluate performance, capital efficiency and value creation from its oil and gas development activities.

Public company and investor communications

Laredo Petroleum’s common stock has been listed on the New York Stock Exchange under the ticker symbol LPI. The company issues periodic financial and operating updates, including quarterly earnings releases, preliminary results, and guidance for production, capital expenditures and selected cost metrics. It also schedules conference calls and webcasts to discuss results and management’s outlook, and posts supplemental slide presentations with summary financial and statistical information.

In its public statements, Laredo notes that its results and outlook are subject to a variety of risks, including commodity price changes, service and supply costs, drilling and operating risks, regulatory developments and other factors described in its filings with the U.S. Securities and Exchange Commission.

Company status and context

The available information describes Laredo Petroleum as an independent energy company operating in the Permian Basin, focused on oil and natural gas development. The company’s own news releases emphasize its headquarters in Tulsa, Oklahoma and its strategy of acquisition, exploration and development of oil and natural gas properties in West Texas. No SEC filings are provided in the current data set, so additional regulatory details are not summarized here.

Frequently asked questions about Laredo Petroleum (LPI)

What does Laredo Petroleum, Inc. do?
Laredo Petroleum, Inc. describes itself as an independent energy company. Its stated business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas.

Where is Laredo Petroleum headquartered?
According to the company’s public disclosures, Laredo Petroleum is headquartered in Tulsa, Oklahoma.

In which industry and sector does Laredo Petroleum operate?
Laredo operates in the crude petroleum and natural gas extraction industry, within the broader mining, quarrying, and oil and gas extraction sector.

What geographic area does Laredo focus on?
The company states that its business strategy is focused on oil and natural gas properties in the Permian Basin of West Texas.

How does Laredo describe its business strategy?
Laredo’s news releases state that its strategy centers on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin, along with optimizing its portfolio through acquisitions of high-return assets and divestitures of certain non-core or non-operated properties.

On which exchange does Laredo Petroleum trade and what is its ticker symbol?
Laredo Petroleum’s common stock has been referenced as trading on the New York Stock Exchange under the ticker symbol LPI.

What types of assets has Laredo divested?
In its public communications, Laredo has announced divestitures of certain non-operated properties in Howard County, Texas, describing these as non-core assets and stating that such sales do not reduce its inventory of operated drilling locations.

How does Laredo discuss its use of cash flow?
The company has stated that it uses Free Cash Flow to strengthen its balance sheet, including reducing net debt and repurchasing term debt and common stock, while continuing to fund capital-efficient development of its oil and natural gas properties.