
Laredo Petroleum Income Statement 2024-2009 | LPI
Brief overview of financial performance at Laredo Petroleum
The comparison covers a five-year financial horizon. According to figures from Laredo Petroleum, revenue changed from 837 million dollars to 2 billion dollars over five years. The total change was +133.2%, with a CAGR of approximately 18.5%. The pace indicates confident and sustained business growth.
EBITDA changed from $243 million to $719 million (+195.8%). EBITDA grew faster than revenue, indicating positive operating leverage. Comparing the endpoints gives EBITDA margins of 29.1% and 36.8%. A wider margin confirms stronger operating efficiency.
Net income moved from −$342 million at the start to −$174 million at the end. The direction improved, yet positive earnings are still absent.
The market value of the business moved from 414 million dollars to 1.8 billion dollars, or +340.7%. The market value rose well beyond the pace of financial improvement.
Conclusion
The results point to consistent and sustainable progress. The positive side is supported by a larger revenue base, an improving EBITDA margin and improving net profitability. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Laredo Petroleum
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.82 B | 1.01 B | 828 M | 1.09 B | 380 M | 414 M | 897 M | 2.3 B | 3.07 B | 1.55 B | 1.39 B | 3.29 B | 2.41 B | 2.84 B | - | - |
Shares |
36.7 M | 20.3 M | 16.7 M | 14.2 M | 11.7 M | 11.6 M | 11.6 M | 12 M | 11.3 M | 9.96 M | 7.07 M | 6.62 M | 6.35 M | 6.38 M | - | - |
Historical Prices |
49.7 | 49.7 | 49.7 | 76.6 | 32.6 | 21.6 | 68.6 | 168 | 277 | 102 | 239 | 522 | 343 | 507 | - | - |
Net Income |
-174 M | 695 M | 632 M | 145 M | -874 M | -342 M | 325 M | 549 M | -261 M | -2.21 B | 266 M | 118 M | 61.7 M | 106 M | 86.2 M | - |
Revenue |
1.95 B | 1.55 B | 1.92 B | 1.39 B | 677 M | 837 M | 1.11 B | 822 M | 597 M | 607 M | 794 M | 665 M | 588 M | 510 M | 35 M | - |
Gross Profit |
- | - | - | - | - | 313 M | 461 M | 351 M | 169 M | 2.26 M | 338 M | 306 M | 235 M | 430 M | - | - |
Operating Income |
-22.6 M | 560 M | 1.06 B | 713 M | -862 M | -409 M | 348 M | 250 M | -88 M | -2.47 B | 226 M | 214 M | 172 M | 203 M | 73 M | - |
Interest Expense |
178 M | 150 M | 125 M | 113 M | 105 M | 61.5 M | 57.9 M | 89.4 M | 93.3 M | 103 M | 121 M | 100 M | 85.6 M | 50.6 M | 18.5 M | - |
EBITDA |
719 M | 1.02 B | 1.37 B | 928 M | -645 M | 243 M | 559 M | 819 M | 228 M | 190 M | 472 M | 444 M | 411 M | 379 M | 170 M | - |
Operating Expenses |
- | - | - | - | - | 84.2 M | 112 M | 101 M | 95.2 M | 92.8 M | 108 M | 91.2 M | 63.3 M | 228 M | - | - |
General and Administrative Expenses |
102 M | 105 M | 68.1 M | 62.8 M | 50.5 M | 54.7 M | 96.1 M | 96.3 M | 91.8 M | 90.4 M | 106 M | 89.7 M | 62.1 M | 51.7 M | 30.9 M | - |
All numbers in USD currency
Quarterly Income Statement Laredo Petroleum
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
37.8 M | 37.8 M | 37.6 M | 38.1 M | 37.5 M | 36.4 M | 35.6 M | 35.4 M | 18.5 M | 18 M | 16.4 M | 16.8 M | 16.6 M | 16.8 M | 16.8 M | 17.1 M | 15.8 M | 12.7 M | 11.9 M | 12 M | 11.7 M | 11.7 M | 11.6 M | 11.9 M | 11.6 M | 11.6 M | 230 M | 234 M | 231 M | 231 M | 238 M | 243 M | 239 M | 239 M | 239 M | 242 M | 235 M | 218 M | 212 M | 214 M | 211 M | 211 M | 162 M | 144 M | 141 M | 141 M | 141 M | 143 M | 134 M | 127 M | 127 M | - | 127 M | 127 M | 127 M | - | - | - | - |
Net Income |
-354 M | -583 M | -18.8 M | - | 215 M | 36.7 M | -66.1 M | - | 4.89 M | 295 M | 114 M | - | 338 M | 263 M | -86.8 M | 216 M | 137 M | -133 M | -75.4 M | -166 M | -237 M | -545 M | 74.6 M | -242 M | -265 M | 173 M | -9.49 M | 150 M | 55 M | 33.5 M | 86.5 M | 409 M | 11 M | 61.1 M | 68.3 M | -18.4 M | 9.48 M | -71.4 M | -180 M | -965 M | -848 M | -397 M | -472 K | 201 M | 83.4 M | -18.9 M | -213 K | 68.2 M | 12.5 M | 35.8 M | 1.41 M | 11.8 M | -7.38 M | 31 M | 26.2 M | 1.57 M | 58.2 M | 41.1 M | 4.67 M |
Revenue |
421 M | 430 M | 512 M | - | 459 M | 476 M | 482 M | - | 436 M | 335 M | 333 M | - | 464 M | 560 M | 532 M | 470 M | 379 M | 294 M | 250 M | 188 M | 174 M | 111 M | 205 M | 218 M | 194 M | 217 M | 209 M | 215 M | 280 M | 351 M | 260 M | 240 M | 206 M | 187 M | 189 M | 184 M | 160 M | 147 M | 107 M | 123 M | 150 M | 182 M | 151 M | 237 M | 200 M | 183 M | 173 M | 153 M | 171 M | 177 M | 164 M | 151 M | 144 M | 140 M | 149 M | 139 M | 132 M | 132 M | 107 M |
Operating Income |
-362 M | -363 M | -14 M | - | 87.9 M | 118 M | 137 M | - | 180 M | 121 M | 123 M | - | 263 M | 369 M | 270 M | 243 M | 266 M | 108 M | 103 M | -78 M | -168 M | -434 M | -182 M | -170 M | -350 M | 57.8 M | 54.4 M | 56.1 M | 104 M | 94.8 M | 93.2 M | 85.8 M | 60.5 M | 52.1 M | 51.3 M | 45.5 M | 25.5 M | 17.9 M | -177 M | -1.02 B | -928 M | -501 M | -26.5 M | 32.6 M | 69.2 M | 64.6 M | 60 M | 55 M | 57.4 M | 57.4 M | 44.5 M | 37.9 M | 37.2 M | 41.7 M | 55.1 M | 39.7 M | 54.6 M | 58.5 M | 49.2 M |
Interest Expense |
999 K | 863 K | 353 K | - | 1.25 M | 2.61 M | 43.4 M | - | 1.74 M | 1.1 M | 28.6 M | - | 31 M | 32.8 M | 32.5 M | - | 30.4 M | 25.9 M | 25.9 M | - | 26.8 M | 27.1 M | 25 M | - | 15.2 M | 15.8 M | 15.5 M | - | 14.8 M | 14.4 M | 13.5 M | - | 23.7 M | 23.2 M | 22.7 M | - | 23.1 M | 23.5 M | 23.7 M | - | 23.3 M | 24 M | 32.4 M | - | 30.5 M | 30.7 M | 29 M | - | 24.9 M | 25.9 M | 25.3 M | - | 24.4 M | 21.7 M | 14.7 M | - | 12.8 M | 11.7 M | 10.5 M |
EBITDA |
-182 M | -177 M | 176 M | - | 275 M | 292 M | 304 M | - | 301 M | 225 M | 210 M | - | 338 M | 447 M | 344 M | 243 M | 328 M | 148 M | 141 M | -78 M | -121 M | -367 M | -121 M | -170 M | -281 M | 124 M | 117 M | 56.1 M | 160 M | 146 M | 139 M | 85.8 M | 102 M | 90.1 M | 85.4 M | 45.5 M | 60.6 M | 52.1 M | -135 M | -1.02 B | -861 M | -429 M | 45.4 M | 32.6 M | 133 M | 118 M | 110 M | 55 M | 113 M | 124 M | 109 M | 37.9 M | 100 M | 102 M | 106 M | 39.7 M | 93.7 M | 102 M | 81.6 M |
General and Administrative Expenses |
25 M | 23.8 M | 22.7 M | - | 22 M | 23.6 M | 29.4 M | - | 28.6 M | 18.5 M | 25.9 M | - | 11.9 M | 17 M | 21.9 M | - | 15 M | 21.1 M | 13.1 M | - | 11.5 M | 10.7 M | 12.6 M | - | 8.85 M | 11.1 M | 21.5 M | - | 23.4 M | 26.8 M | 24.7 M | - | 25 M | 22 M | 25.6 M | - | 26.1 M | 20.5 M | 19.5 M | - | 22.9 M | 23.2 M | 21.9 M | - | 27.1 M | 29.6 M | 27.7 M | - | 24.4 M | 20.5 M | 19.6 M | - | 14.2 M | 14.4 M | 17.5 M | - | 18.5 M | 10.5 M | 8.93 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Laredo Petroleum (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.