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Laredo: Stacked Laterals, Multi-Well Pads 'Backbone' of Permian Ops
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Laredo Petroleum, Inc. announced its 2014 third-quarter results, reporting net income attributable to common stockholders of $83.4 million, or $0.58 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the third quarter of 2014 was $27.5 million, or $0.19 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the third quarter of 2014 was $142.0 million.
2014 Third-Quarter Highlights Produced a Company Permian Basin record of 32,970 barrels of oil equivalent per day, on a two-stream basis, up approximately 36% from the third quarter of 2013 and up approximately 15% from second-quarter 2014 Increased Adjusted EBITDA to $142.0 million, up approximately 19% from the third quarter of 2013 and up approximately 20% from second-quarter 2014 Increased…- ✓ Full news archive — U.S., Canada & international coverage
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