EXHIBIT 99.1

15 West 6th Street, Suite 900 · Tulsa, Oklahoma 74119 · (918) 513-4570 · Fax: (918) 513-4571
www.laredopetro.com

LAREDO PETROLEUM ANNOUCES 2014 FOURTH-QUARTER AND FULL-YEAR FINANCIAL AND OPERATING RESULTS
  
TULSA, OK - February 26, 2015
- Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”), today announced its 2014 fourth-quarter and full-year results. For the fourth quarter of 2014, the Company reported net income attributable to common stockholders of $201.3 million, or $1.40 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2014 was $21.5 million, or $0.15 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2014 was $150.5 million. For the year ended December 31, 2014, the Company reported net income attributable to common stockholders of $265.6 million, or $1.85 per diluted share, Adjusted Net Income of $132.0 million, or $0.92 per diluted share, and Adjusted EBITDA of $597.8 million.
2014 Highlights
Increased Permian production volumes to a Company record 11.7 million barrels of oil equivalent (“MMBOE”) in 2014, on a two-stream basis, up approximately 29% from 2013
Increased Adjusted EBITDA to a Company record $597.8 million, up approximately 27% from 2013
Completed 80 operated horizontal wells and 115 operated vertical wells
Increased proved reserves to a Company record 247.3 MMBOE, an increase of approximately 21% from year-end 2013
Increased the pre-tax present value (“PV-10”), a non-GAAP financial measure, of the Company’s reserves to approximately $4.2 billion, up approximately 39% from year-end 2013
Completed an exploratory horizontal well in the Canyon formation with a peak 30-day average initial production (“IP”) rate of 1,151 barrels of oil per day (“BOE/D”), consisting of 74% liquids on a three-stream basis
Commenced operations on the 88-mile Medallion Wolfcamp Connector and Reagan Extension Pipeline, 49%-owned by Laredo Midstream Services (“LMS”), and participated in the expansion of the pipeline to third-party producers
Please see supplemental financial information at the end of this news release for reconciliations of these non-GAAP financial measures.



The following information was filed by Laredo Petroleum, Inc. (LPI) on Thursday, February 26, 2015 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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