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Laredo Petroleum Reports Q4 2019 Results
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Laredo Petroleum, Inc. announced its fourth-quarter and full-year 2019 results.
As you can see from the chart, Laredo's Production Oil mix continues to fall off the cliff.
Production vs Wells Online
Production Mix
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 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2019 was $137.9 million.
For full-year 2019, the Company reported a net loss attributable to common stockholders of $342.5 million, or…
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