EXHIBIT 99.1

15 West 6th Street, Suite, 1800 · Tulsa, Oklahoma 74119 · (918) 513-4570 · Fax: (918) 513-4571
www.laredopetro.com

Laredo Petroleum Announces 2013 Fourth-Quarter and Full-Year
Financial and Operating Results

TULSA, OK - February 27, 2014
- Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”), today announced its 2013 fourth-quarter and full-year results. For the fourth quarter of 2013, the Company reported net income attributable to common stockholders of $68.2 million, or $0.48 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2013 was $19.1 million, or $0.13 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2013 was $111.4 million. For the year ended December 31, 2013, the Company reported net income attributable to common stockholders of $118.0 million, or $0.88 per diluted share, Adjusted Net Income of $75.7 million, or $0.56 per diluted share, and Adjusted EBITDA of $472.2 million. (Please see supplemental financial information at the end of this news release for reconciliations of these non-GAAP financial measures.)
2013 Full-Year Highlights
Increased Permian production volumes in 2013 to 24,960 barrels of oil equivalent per day (“BOE/D”) on a two-stream basis, up approximately 21% from 2012, in spite of significant operational disruptions due to severe winter weather in the fourth quarter of 2013
Increased Adjusted EBITDA in 2013 to a record $472.2 million
Increased cash margin per barrel of oil equivalent (“BOE”) to $49.67 per BOE in fourth-quarter 2013, up approximately 40% from fourth-quarter 2012
Increased Permian proved reserves to 203.6 million BOE in 2013 on a two-stream basis, up approximately 27% from year-end 2012
Replaced approximately 487% of total production at a finding and development cost of $12.00/BOE
Divested the Company’s Anadarko Basin properties for proceeds of approximately $428 million, net of working capital adjustments, becoming a pure-play Permian Basin producer
Strengthened the balance sheet and reduced the ratio of debt less cash to Adjusted EBITDA to 1.8 at year end
Increased liquidity to more than $1 billion at year end
“During 2013, Laredo continued to implement its multi-year plan for the Company’s world-class Permian acreage and made significant progress in positioning the Company for the multi-zone development program that we are executing in 2014,” commented Randy A. Foutch, Laredo Chairman and Chief Executive Officer.



The following information was filed by Laredo Petroleum, Inc. (LPI) on Thursday, February 27, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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