2Q earnings report coming soon from Laredo Petroleum

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The second-quarter 2022 earnings report from Laredo Petroleum will be released on Wednesday, August 3.

The Tulsa company announced the release will be made after the market close on that day. Company leaders plan to hold a conference call the next day, Thursday, Aug. 4 at 7:30 a.m. central time to discuss the results.

Focusing primarily on operations in the Permian Basin of West Texas, Laredo recorded a nearly $87 million net loss in the first quarter along with cash flows from operating activities of $171 million.

Its’ adjusted EBITDA was more than $222 million and at the time, the firm announced it increased its 2022 capital budget by 6% to $550 million.