Laredo Petroleum Q4 Profit Rises - Quick Facts

(RTTNews) - Laredo Petroleum, Inc. (LPI) reported that its fourth-quarter net income attributable to stockholders increased to $68.2 million, or $0.48 per share, from $11.8 million or $0.09 per share, last year. Adjusted net income for the fourth quarter of 2013 was $19.1 million, or $0.13 per share. Adjusted EBITDA for the fourth quarter of 2013 was $111.4 million.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $153.42 million from $151.33 million, prior year. Analysts expected revenue of $151.61 million for the quarter.