Link to LPI 3rd Quarter Results

[Cliff_N]

https://finance.yahoo.com/news/laredo-p ... 00904.html

This appears to be a miss. EPS expected, Yahoo Finance: $6.22. Reported: $5.30. From the statement:

"Financial Results. The Company reported net income attributable to common stockholders of $337.5 million, or $20.08 per diluted share. Adjusted Net Income1 was $89.2 million, or $5.30 per adjusted diluted share. Adjusted EBITDA was $222.8 million."

Good share buy back and pay down of debt could mitigate this miss.

Thoughts?

Cliff

[dan_s]

"Reported Net Income" is based on GAAP rules. "Adjusted Net Income" excludes the Mark-to-Market (non-cash) gain or loss on their hedges. Adjusted Net Income should be compared to First Call's EPS estimates (because everyone knows that GAAP rules are very misleading.

Focus on Adjusted Operating Cash Flow. It is by far the most important stat.