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[researcher59]

LPI (5.46) posts Q3 adj EPS of $0.27 missing estimates by a penny .... guides y/y oil production growth lower to 7.5% -

Any thoughts on the quarter ?

I have no position.

briefing -

Laredo Petroleum misses by $0.01, reports revs in-line; increases production guidance (5.46 +0.17) :
Reports Q3 (Sep) earnings of $0.27 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.28; revenues rose 35.9% year/year to $279.7 mln vs the $276.95 mln S&P Capital IQ Consensus.
Produced a Company record 71,382 barrels of oil equivalent (BOE) per day, an increase of 19% from third-quarter 2017. Increased cash flows from operations to $145.9 million, balancing operating cash flows with capital expenditures. Increased Adjusted EBITDA to $160.6 million, up 23%.
The Company is increasing its anticipated full-year 2018 total production growth guidance to ~17% and reducing oil production growth guidance to ~7.5% as compared to 2017