Company Information

  

Address: 15 W. SIXTH STREET
SUITE 900 
City: TULSA 
State: OK 
Zip Code: 74119 
Telephone: 918-513-4570 

Description of Business

Primary SIC Code: 1311
(As filed with the SEC)  

Laredo is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties, primarily in the Permian Basin in West Texas. The oil and liquids-rich Permian Basin is characterized by multiple target horizons, extensive production histories, long-lived reserves, high drilling success rates and high initial production rates. We currently operate and analyze our results of operations through our two principal business segments: * Exploration and production of oil and natural gas properties - conducted principally by Laredo Petroleum, Inc. through the exploration and development of our acreage in the Permian Basin. As of December 31, 2017, we had assembled 124,843 net acres in the Permian Basin and had total proved reserves, presented on a three-stream basis, of 215,883 MBOE.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20182.27NA4.24
03/20182.37NA3.68
12/20172.29NA4.63
09/20170.50NA25.86
06/20170.54NA19.48
03/2017-0.03NAN/E
12/2016-1.16NAN/E
09/2016-5.81NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.23Total Liab/Total Assets0.62
Net Inc/Total Assets0.27Total Liab/Inv Cap0.73
Net Inc/Inv Cap0.32Total Liab/Comm Equity0.52
Pretax Inc/Net Sales0.67Interest Coverage Ratio7.16
Net Inc/Net Sales0.67Curr Debt/Equity0.03
Cash Flow/Net Sales0.47LTD/Equity1.03
SG&A/NetSales0.17Total Debt/Equity1.06
Asset Utilization   Liquidity  
Net Receivables Turnover8.77Quick Ratio0.85
Inventory TurnoverNACurrent Ratio0.85
Inventory Day SalesNANet Rec/Curr Assets0.43
Net Sales/Work Cap-19.56Inv/Curr AssetsNA
Net Sales/PP&E0.46  

Income Statement (Millions)

  6/30/2018 3/31/2018 12/31/2017 9/30/2017
Total Revenues(Net Sales) 351.05 259.70 240.34 205.82
Cost of Goods Sold 165.16 83.31 73.72 68.15
Selling & Admin Exps 40.36 37.64 35.72 36.00
Operating Income 94.77 93.19 85.83 60.45
Interest Exp 14.42 13.52 19.79 23.70
Pretax Income 33.45 86.52 410.36 11.03
Other Income -46.89 6.85 343.74 -28.10
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 33.45 86.52 408.56 11.03

Balance Sheet (Millions)

Assets 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Cash & Short Term Investments 36.60 55.89 112.16 20.82
Receivables - Total 101.32 97.84 100.65 89.84
Inventories - Total NA NA NA NA
Total Current Assets 169.69 185.19 235.38 142.47
Net Property, Plant & Equipment 2,020.53 1,882.25 1,768.39 1,631.32
Total Assets 2,209.29 2,087.53 2,023.29 2,066.33
Liabilities        
Accounts Payable 148.10 128.24 141.06 92.80
Debt in Current Liabilities 44.12 17.63 22.95 4.17
Total Current Liabilities 283.42 239.67 277.42 223.26
Long-Term Debt 902.75 847.30 791.86 1,440.97
Total Liabilities 1,250.12 1,145.70 1,257.71 1,720.10
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 2.35 2.38 2.43 2.43
Retained Earnings -1,408.02 -1,441.47 -1,669.11 -2,077.67
Treasury Stock NA NA NA NA
Total Stockholders' Equity 959.17 941.83 765.58 346.23
Total Liabilities and Stockholders' Equity 2,209.29 2,087.53 2,023.29 2,066.33

Cash Flow Summary (Millions)

Categories 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Net Cash Provided by Operating Activities 116.13 146.47 112.86 115.15
Net Cash Provided by Investing Activities -154.40 -199.67 651.94 -179.32
Net Cash Provided by Financing Activities 18.98 -3.07 -673.47 49.96

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013665.26118.000.87
12/2014793.88265.571.85
12/2015606.64-2,209.94-11.10
12/2016597.38-260.74-1.16
12/2017822.16548.972.29
Growth Rates5.44----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18219258,560--




Report Date : 9/24/2018

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