Laredo Petroleum, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 560.16 million compared to USD 294.37 million a year ago. Net income was USD 262.55 million compared to net loss of USD 132.66 million a year ago. Basic earnings per share from continuing operations was USD 15.6 compared to basic loss per share from continuing operations of USD 10.47 a year ago. Diluted earnings per share from continuing operations was USD 15.41 compared to diluted loss per share from continuing operations of USD 10.47 a year ago.
For the six months, revenue was USD 1,092.55 million compared to USD 544.6 million a year ago. Net income was USD 175.77 million compared to net loss of USD 208.1 million a year ago. Basic earnings per share from continuing operations was USD 10.46 compared to basic loss per share from continuing operations of USD 16.92 a year ago. Diluted earnings per share from continuing operations was USD 10.31 compared to diluted loss per share from continuing operations of USD 16.92 a year ago.