Skip to main content 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. | Shale Experts
Loading...
Pm

3Q 2019 Earnings Presentation – Laredo Petroleum Inc.

Laredo Petroleum Inc. · Nov 6, 2019 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 1
    L A R E D O P E T R O L E U M Third-Quarter 2019 Earnings Presentation
  2. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 2
    Pivoting Strategy to Increase Stakeholder Value Target consistent Free Cash Flow1 generation and oil growth per net debt-adjusted share Continuous In Process Opportunistic Improve corporate Increase scale Optimize existing returns…
  3. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 3
    Surpassing Guidance on Production & Expenses 3Q-19 Select Results Oil Production Lease Operating Expense Controllable Cash Costs Production 27.8 MBO/d 3.00/BOE 2% beat vs guidance 10% beat vs guidance Total Production G&A…
  4. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 4
    Optimizing Well Productivity and Costs on Existing Acreage 2019 Wider-Spaced Well Results 100 Wider-spaced packages are outperforming Production (MBO) LPIs oil type curve by 18%, reiterating the Cumulative Oil 80 Companys…
  5. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 5
    Demonstrated Discipline and Continuous Improvement Drive Cash Flow 750 28.5 28.1 Oil Production 644 27.9 28.0 27.9 (MBO/d) 27.3 530 27.5 ( MM) 537 495 500 465 465 465 490 27.0 26.5 365 365 26.5 26.0 250 25.5…
  6. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 6
    Hedging Strategy Reduces Impact of Commodity Price Fluctuations 60 58.79 3.50 HH Price (/MMBtu) WTI Price (/Bbl) 55 3.00 52.38 2.72 50 2.50 2.41 45 2.00 40 1.50 Strip 2 LPI Strip2 LPI 2020 Vol Hedged1 Oil: 7,539,600…
  7. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 7
    Accretive Tier-One Acquisition Delivers Higher-Margin Production 130 MM acquisition price1, well below historic Howard County averages High-margin, tier-one acreage 7,360 net acres / 750 net royalty acres Howard County Relevant…
  8. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 8
    Howard County Development to Drive Capital Efficiency Cumulative Cash Flow per Well Increased FY-20 & FY-21 5 Expectations: Cumulative Undiscounted 3 Mid-to-high single digit Cash Flow ( MM) 1 annual oil growth -1 40% oil…
  9. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 9
    4Q-19 Guidance Production Total production (MBOE/d) 76.5 Oil production (MBbl/d) 26.0 Average sales price realizations: (excluding derivatives) Oil (% of WTI) 99% NGL (% of WTI) 20% Natural gas (% of Henry Hub) 29% Operating…
  10. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 10
    L A R E D O P E T R O L E U M APPENDIX
  11. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 11
    Oil, Natural Gas & Natural Gas Liquids Hedges Hedge Product Summary 4Q-19 FY-20 FY-21 Oil total floor volume (Bbl) 2,300,000 7,539,600 912,500 Oil wtd-avg floor price (/Bbl) 60.42 58.79 45.00 Oil total floor volume w. deferred…
  12. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 12
    Supplemental Financial Calculations Net debt to Adjusted EBITDA Net Debt to Adjusted EBITDA is calculated as net debt as of September 30, 2019 divided by trailing twelve-month Adjusted EBITDA ending September 30, 2019 of 555 million.…
  13. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 13
    Supplemental Non-GAAP Financial Measure Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure that we define as net income or loss plus adjustments for income taxes, depletion, depreciation and amortization, impairment expense,…
  14. 3Q 2019 Earnings Presentation – Laredo Petroleum Inc. – slide 14
    Cash Flow & Free Cash Flow Free Cash Flow and Projected Free Cash Flow Free Cash Flow does not represent funds available for future discretionary use because those funds are required for future debt service, capital expenditures,…

From the store

Browse maps, data & reports in the Shale Experts store