Laredo Petroleum (NYSE:LPI) Third Quarter 2022 Results
Key Financial Results- Revenue: US$464.1m (up 22% from 3Q 2021).
- Net income: US$337.5m (up 147% from 3Q 2021).
- Profit margin: 73% (up from 36% in 3Q 2021). The increase in margin was primarily driven by lower expenses.
- EPS: US$20.27 (up from US$8.68 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Laredo Petroleum Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 5.7% from a week ago.
Risk Analysis
Be aware that Laredo Petroleum is showing 3 warning signs in our investment analysis and 1 of those is concerning...New: Manage All Your Stock Portfolios in One Place
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:VTLE
Vital Energy
An independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States.
Medium-low and fair value.
