EXHIBIT 99.1

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15 West 6th Street, Suite 900 · Tulsa, Oklahoma 74119 · (918) 513-4570 · Fax: (918) 513-4571
www.laredopetro.com
Laredo Petroleum Announces 2017 Fourth-Quarter and Full-Year Financial and Operating Results
TULSA, OK - February 14, 2018 -
Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced its 2017 fourth-quarter and full-year results. For the fourth quarter of 2017, the Company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share, which includes a $405.9 million gain on the sale of Laredo's investment in the Medallion-Midland Basin pipeline system. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2017 was $44.8 million, or $0.19 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2017, was $133.8 million.
For the year ended December 31, 2017, the Company reported net income attributable to common stockholders of $549.0 million, or $2.29 per diluted share. Adjusted Net Income for the year ended December 31, 2017 was $144.7 million, or $0.60 per adjusted diluted share, and Adjusted EBITDA was $486.4 million. Please see supplemental financial information at the end of this news release for reconciliation of the non-GAAP financial measures.
2017 Highlights
Produced a Company record 58,273 barrels of oil equivalent ("BOE") per day in full-year 2017, resulting in production growth of approximately 17% from full-year 2016
Grew proved developed reserves organically by approximately 36% in 2017 at a proved developed finding and development ("F&D") cost, a non-GAAP financial measure, of $7.90 per BOE
Completed 62 horizontal development wells in 2017 at an average anticipated well-level rate of return on invested capital of greater than 30%
Increased cash margin per BOE to $20.87 in full-year 2017, an increase of 48% from full-year 2016, doubling the 24% increase in the Company's average realized price per BOE over the same time frame
Reduced unit lease operating expenses ("LOE") to $3.53 per BOE in full-year 2017, a reduction of approximately 15% from full-year 2016
Recognized approximately $27.9 million of net cash benefits from Laredo Midstream Services, LLC ("LMS") field infrastructure investments through reduced capital and operating costs and increased revenue
Realized approximately $830 million in net proceeds from the sale of the Company's interest in the Medallion-Midland Basin pipeline system, enabling the Company to reduce debt by $690 million to a total debt level of $800 million, and net debt to 1.3 times annualized fourth-quarter 2017 Adjusted EBITDA


The following information was filed by Laredo Petroleum, Inc. (LPI) on Wednesday, February 14, 2018 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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