$VTLE
Vital Energy, Inc.

2013 Q2 Form 10-Q Financial Statement

#000152812913000119 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $177.3M $139.7M
YoY Change 26.9% 6.06%
Cost Of Revenue $32.70M $23.30M
YoY Change 40.34% 21.99%
Gross Profit $144.6M $116.5M
YoY Change 24.12% 3.46%
Gross Profit Margin 81.56% 83.38%
Selling, General & Admin $20.50M $14.40M
YoY Change 42.36% 37.14%
% of Gross Profit 14.18% 12.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.23M $60.06M
YoY Change 10.27% 38.39%
% of Gross Profit 45.8% 51.56%
Operating Expenses $87.20M $74.70M
YoY Change 16.73% 37.82%
Operating Profit $57.41M $41.69M
YoY Change 37.72% -28.7%
Interest Expense $25.94M $21.67M
YoY Change 19.7% 273.69%
% of Operating Profit 45.19% 51.99%
Other Income/Expense, Net -$2.073M $6.876M
YoY Change -130.15%
Pretax Income $55.34M $48.57M
YoY Change 13.95% -24.35%
Income Tax $20.05M $17.48M
% Of Pretax Income 36.22% 36.0%
Net Earnings $35.80M $31.00M
YoY Change 15.48% -24.57%
Net Earnings / Revenue 20.19% 22.19%
Basic Earnings Per Share $0.28 $0.24
Diluted Earnings Per Share $0.27 $0.24
COMMON SHARES
Basic Shares Outstanding 127.4M shares 126.9M shares
Diluted Shares Outstanding 129.4M shares 128.2M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.60M $146.5M
YoY Change -70.24%
Cash & Equivalents $43.59M $146.5M
Short-Term Investments
Other Short-Term Assets $4.886M $26.30M
YoY Change -81.42%
Inventory
Prepaid Expenses
Receivables $89.85M $70.00M
Other Receivables $1.228M $1.800M
Total Short-Term Assets $199.9M $244.6M
YoY Change -18.28%
LONG-TERM ASSETS
Property, Plant & Equipment $2.343B $1.756B
YoY Change 33.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.174M
YoY Change
Other Assets $4.183M $114.9M
YoY Change -96.36%
Total Long-Term Assets $2.418B $1.871B
YoY Change 29.2%
TOTAL ASSETS
Total Short-Term Assets $199.9M $244.6M
Total Long-Term Assets $2.418B $1.871B
Total Assets $2.618B $2.116B
YoY Change 23.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.38M $49.30M
YoY Change -36.35%
Accrued Expenses $127.7M $130.4M
YoY Change -2.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $264.9M $224.0M
YoY Change 18.27%
LONG-TERM LIABILITIES
Long-Term Debt $1.447B $1.052B
YoY Change 37.53%
Other Long-Term Liabilities $5.064M $18.00M
YoY Change -71.87%
Total Long-Term Liabilities $1.452B $1.070B
YoY Change 35.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $264.9M $224.0M
Total Long-Term Liabilities $1.452B $1.070B
Total Liabilities $1.742B $1.294B
YoY Change 34.62%
SHAREHOLDERS EQUITY
Retained Earnings -$93.76M
YoY Change
Common Stock $1.294M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.000K
YoY Change
Treasury Stock Shares 7.609K shares
Shareholders Equity $875.7M $822.1M
YoY Change
Total Liabilities & Shareholders Equity $2.618B $2.116B
YoY Change 23.71%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $35.80M $31.00M
YoY Change 15.48% -24.57%
Depreciation, Depletion And Amortization $66.23M $60.06M
YoY Change 10.27% 38.39%
Cash From Operating Activities $115.2M $108.4M
YoY Change 6.27% 25.9%
INVESTING ACTIVITIES
Capital Expenditures -$194.6M -$233.7M
YoY Change -16.73% 39.86%
Acquisitions
YoY Change
Other Investing Activities -$2.400M $0.00
YoY Change
Cash From Investing Activities -$196.9M -$233.6M
YoY Change -15.71% 39.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 94.30M 259.5M
YoY Change -63.66% 197.25%
NET CHANGE
Cash From Operating Activities 115.2M 108.4M
Cash From Investing Activities -196.9M -233.6M
Cash From Financing Activities 94.30M 259.5M
Net Change In Cash 12.60M 134.3M
YoY Change -90.62% 1998.44%
FREE CASH FLOW
Cash From Operating Activities $115.2M $108.4M
Capital Expenditures -$194.6M -$233.7M
Free Cash Flow $309.8M $342.1M
YoY Change -9.44% 35.11%

Facts In Submission

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CY2012Q4 us-gaap Employee Related Liabilities Current
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CY2013Q2 us-gaap Equity Method Investments
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3174000 USD
CY2012Q4 us-gaap Equity Method Investments
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0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-15000 USD
CY2012Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
CY2013Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-9000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-323000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-59000 USD
CY2012Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-8000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-8000 USD
CY2013Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-59000 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
7121000 USD
CY2013Q2 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
23975000 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
29137000 USD
CY2012Q2 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
28543000 USD
CY2013Q2 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
239000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
57000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
347000 USD
CY2012Q2 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
14000 USD
CY2013Q2 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
248000 USD
CY2012Q2 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
106000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
167000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Revenue
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328000 USD
us-gaap General And Administrative Expense
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40129000 USD
CY2012Q2 us-gaap General And Administrative Expense
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14410000 USD
CY2013Q2 us-gaap General And Administrative Expense
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20495000 USD
us-gaap General And Administrative Expense
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31941000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
31081000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
36431000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
57160000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
35294000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
57588000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55341000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
89313000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48565000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.28
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.29
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.24
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.27
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.24
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
518000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
50000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
790000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32153000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17484000 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-106000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-113000 USD
CY2012Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-49000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21157000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20047000 USD
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
20000 USD
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
29000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16512000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19580000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
30366000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
18816000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
655000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
339000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
164000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
275000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-704000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-767000 USD
CY2013Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
376000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
226000 USD
CY2012Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1400000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
572000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1897000 USD
CY2013Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
551000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3304000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-16568000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6591000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2303000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-293000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3060000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6081000 USD
CY2013Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3924000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
320000 USD
CY2012Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
19204000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1777000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4828000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3075000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
894000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
89000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
422000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-74000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
81000 USD
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1301000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1838000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2022000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1239000 shares
CY2013Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
12000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
27000 USD
CY2012Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
15000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
31000 USD
CY2012Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-126000 USD
CY2013Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-505000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-212000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
51504000 USD
CY2012Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
21800000 USD
CY2013Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
26060000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
36863000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
25943000 USD
us-gaap Interest Expense
InterestExpense
36358000 USD
us-gaap Interest Expense
InterestExpense
51292000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
21674000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
48560000 USD
CY2012Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1356000 USD
CY2013Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
20816000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
28461000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-36327000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-51265000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-25931000 USD
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Paid
InterestPaid
48348000 USD
us-gaap Interest Paid
InterestPaid
27956000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
212000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
505000 USD
CY2013Q2 us-gaap Interest Payable Current
InterestPayableCurrent
26426000 USD
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
26106000 USD
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2013Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2012Q2 us-gaap Lease Operating Expense
LeaseOperatingExpense
15660000 USD
us-gaap Lease Operating Expense
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44627000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
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CY2013Q2 us-gaap Liabilities
Liabilities
1741908000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2617613000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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2338304000 USD
CY2013Q2 us-gaap Liabilities Current
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264916000 USD
CY2012Q4 us-gaap Liabilities Current
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262068000 USD
CY2013Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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6112000 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
5896000 USD
CY2013Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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9416000 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
8550000 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
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CY2013Q2 us-gaap Long Term Debt Noncurrent
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1446651000 USD
us-gaap Lease Operating Expense
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30644000 USD
CY2013Q2 us-gaap Lease Operating Expense
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22185000 USD
us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Laredo Petroleum Holdings,&#160;Inc. (&#8220;Laredo Holdings&#8221;), together with its subsidiaries, is an independent energy company focused on the exploration, development and acquisition of oil and natural gas properties in the Permian Basin in West Texas and, until August 1, 2013, also the Mid-Continent regions of the United States. Laredo Holdings was incorporated pursuant to the laws of the State of Delaware on August&#160;12, 2011. Laredo Holdings was formed for purposes of a Corporate Reorganization (defined below) and initial public offering of its common stock (the "IPO"). On December 19, 2011, Laredo Petroleum, LLC, a Delaware limited liability company, was merged with and into Laredo Holdings, with Laredo Holdings surviving the merger (the "Corporate Reorganization"). As a holding company, Laredo Holdings&#8217; management operations are conducted through its wholly-owned subsidiary, Laredo Petroleum,&#160;Inc. (&#8220;Laredo&#8221;), a Delaware corporation, and Laredo&#8217;s subsidiaries, Laredo Petroleum Texas,&#160;LLC (&#8220;Laredo Texas&#8221;), a Texas limited liability company, Laredo Gas Services,&#160;LLC (&#8220;Laredo Gas&#8221;), a Delaware limited liability company, and Laredo Petroleum&#8212;Dallas,&#160;Inc. (&#8220;Laredo Dallas&#8221;), a Delaware corporation. In these notes, the "Company" refers to Laredo Holdings, Laredo and its subsidiaries collectively.</font></div></div>
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
118483000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
10364000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
404524000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
228367000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities
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178290000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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199790000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37221000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57210000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30975000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35812000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6876000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44331000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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30925000 USD
CY2013Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
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30088000 USD
CY2012Q4 us-gaap Oil And Gas Property Full Cost Method Net
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OilAndGasPropertyFullCostMethodNet
2247468000 USD
us-gaap Oil And Gas Sales Revenue
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us-gaap Oil And Gas Sales Revenue
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340673000 USD
CY2013Q2 us-gaap Oil And Gas Sales Revenue
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177048000 USD
CY2012Q2 us-gaap Oil And Gas Sales Revenue
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139609000 USD
us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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96834000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
41689000 USD
CY2013Q2 us-gaap Operating Income Loss
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57414000 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2013Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
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us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
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us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
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CY2013Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
482000 USD
CY2012Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
295000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
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CY2013Q2 us-gaap Other Accrued Liabilities Current
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3480000 USD
CY2013Q2 us-gaap Other Assets Current
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4886000 USD
CY2012Q4 us-gaap Other Assets Current
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3016000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
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4183000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
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5305000 USD
CY2013Q2 us-gaap Other Liabilities Current
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CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2333000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5064000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28806000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6934000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23858000 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28535000 USD
CY2012Q4 us-gaap Other Receivables Net Current
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4081000 USD
CY2013Q2 us-gaap Other Receivables Net Current
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1228000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Loan Costs
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10476000 USD
us-gaap Payments Of Loan Costs
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714000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3287000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
473846000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
375901000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4988000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
8803000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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PreferredStockValue
0 USD
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PreferredStockValue
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
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2701000 USD
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SalesRevenueNet
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SalesRevenueNet
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us-gaap Sales Revenue Net
SalesRevenueNet
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ShareBasedCompensation
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ShareBasedCompensation
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us-gaap Share Based Compensation
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CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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TreasuryStockShares
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TreasuryStockValue
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4000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates in the preparation of interim unaudited consolidated financial statements</font></div><div style="line-height:120%;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ from these estimates. The interim results reflected in the unaudited consolidated financial statements are not necessarily indicative of the results that may be expected for other interim periods or for the full year. </font></div><div style="line-height:120%;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates include, but are not limited to, estimates of the Company&#8217;s reserves of oil and natural gas, future cash flows from oil and natural gas properties, depreciation, depletion and amortization, asset retirement obligations, stock-based compensation, deferred income taxes and fair values of commodity derivatives, interest rate derivatives and commodity deferred premiums. As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management&#8217;s best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Such estimates and assumptions are adjusted when facts and circumstances dictate. Illiquid credit markets and volatile equity and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. Management believes its estimates and assumptions to be reasonable under the circumstances. As future events and their effects cannot be determined with precision, actual values and results could differ from these estimates. Any changes in estimates resulting from future changes in the economic environment will be reflected in the financial statements in future periods.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127281000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2012Q4 lpi Accounts Receivable Oil And Gas Sales Net Current
AccountsReceivableOilAndGasSalesNetCurrent
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AccountsReceivableOilAndGasSalesNetCurrent
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AccountsReceivablePastDueTerm
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CY2012Q4 lpi Accrued Capital Expenditures Current
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1261518000 USD
lpi Amortization Of Finance Costs And Other Adjustments
AmortizationOfFinanceCostsAndOtherAdjustments
2624000 USD
lpi Amortization Of Finance Costs And Other Adjustments
AmortizationOfFinanceCostsAndOtherAdjustments
2321000 USD
CY2013Q2 lpi Amortization Of Finance Costs And Other Adjustments
AmortizationOfFinanceCostsAndOtherAdjustments
1320000 USD
CY2012Q2 lpi Amortization Of Finance Costs And Other Adjustments
AmortizationOfFinanceCostsAndOtherAdjustments
1240000 USD
lpi Amortization Of Premiums Paid For Derivative Financial Instruments
AmortizationOfPremiumsPaidForDerivativeFinancialInstruments
319000 USD
lpi Amortization Of Premiums Paid For Derivative Financial Instruments
AmortizationOfPremiumsPaidForDerivativeFinancialInstruments
282000 USD
CY2013Q2 lpi Asset Disposition Estimated Selling Price
AssetDispositionEstimatedSellingPrice
438000000 USD
CY2012 lpi Asset Retirement Obligation Settled Upon Plugging And Abandonment
AssetRetirementObligationSettledUponPluggingAndAbandonment
148000 USD
lpi Asset Retirement Obligation Settled Upon Plugging And Abandonment
AssetRetirementObligationSettledUponPluggingAndAbandonment
66000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
2270000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
1262000 USD
CY2012Q4 lpi Capitalized Costs Proved Properties Net
CapitalizedCostsProvedPropertiesNet
1871992000 USD
CY2013Q2 lpi Capitalized Costs Proved Properties Net
CapitalizedCostsProvedPropertiesNet
2100963000 USD
lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
21601000 USD
lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
32181000 USD
CY2013Q2 lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
20338000 USD
CY2012Q2 lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
17424000 USD
lpi Costs Incurred Acquisition Of Oil And Gas Properties Asset Retirement Obligations
CostsIncurredAcquisitionOfOilAndGasPropertiesAssetRetirementObligations
1300000 USD
CY2012Q2 lpi Costs Incurred Acquisition Of Oil And Gas Properties Asset Retirement Obligations
CostsIncurredAcquisitionOfOilAndGasPropertiesAssetRetirementObligations
1400000 USD
CY2013Q2 lpi Costs Incurred Acquisition Of Oil And Gas Properties Asset Retirement Obligations
CostsIncurredAcquisitionOfOilAndGasPropertiesAssetRetirementObligations
700000 USD
lpi Costs Incurred Acquisition Of Oil And Gas Properties Asset Retirement Obligations
CostsIncurredAcquisitionOfOilAndGasPropertiesAssetRetirementObligations
2300000 USD
lpi Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
343660000 USD
CY2012Q2 lpi Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
254727000 USD
CY2013Q2 lpi Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
177583000 USD
lpi Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
479285000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Remainder Of Fiscal Year
DeferredFinanceCostsAmortizationExpenseRemainderOfFiscalYear
2718000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Rolling After Year Five
DeferredFinanceCostsAmortizationExpenseRollingAfterYearFive
6943000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Rolling Year Five
DeferredFinanceCostsAmortizationExpenseRollingYearFive
2724000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Rolling Year Four
DeferredFinanceCostsAmortizationExpenseRollingYearFour
4126000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Rolling Year Three
DeferredFinanceCostsAmortizationExpenseRollingYearThree
5540000 USD
CY2013Q2 lpi Deferred Finance Costs Amortization Expense Rolling Year Two
DeferredFinanceCostsAmortizationExpenseRollingYearTwo
5479000 USD
lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
400000 USD
CY2013Q2 lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
100000 USD
lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
0 USD
lpi Depletion Expense Per Physical Unit Of Production
DepletionExpensePerPhysicalUnitOfProduction
20.20
CY2012Q2 lpi Depletion Expense Per Physical Unit Of Production
DepletionExpensePerPhysicalUnitOfProduction
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lpi Depletion Expense Per Physical Unit Of Production
DepletionExpensePerPhysicalUnitOfProduction
20.16
CY2013Q2 lpi Depletion Expense Per Physical Unit Of Production
DepletionExpensePerPhysicalUnitOfProduction
20.08
lpi Depreciation Depletion And Amortization Continuing And Discontinued Operations
DepreciationDepletionAndAmortizationContinuingAndDiscontinuedOperations
131364000 USD
lpi Depreciation Depletion And Amortization Continuing And Discontinued Operations
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CY2013Q2 lpi Derivative Liability Future Payments Required
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20234000 USD
CY2013Q2 lpi Derivative Liability Future Payments Required Next Fiscal Year
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5655000 USD
CY2013Q2 lpi Derivative Liability Future Payments Required Year Four
DerivativeLiabilityFuturePaymentsRequiredYearFour
357000 USD
CY2013Q2 lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
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669000 USD
CY2013Q2 lpi Derivative Liability Future Payments Required Year Two
DerivativeLiabilityFuturePaymentsRequiredYearTwo
8135000 USD
CY2013Q2 lpi Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
726000 USD
CY2012Q4 lpi Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
1112000 USD
CY2013Q2 lpi Derivative Liability Future Payments Required Year Three
DerivativeLiabilityFuturePaymentsRequiredYearThree
6087000 USD
CY2012Q4 lpi Disposal Group Including Discontinued Operation Asset Retirement Obligation Liabilities
DisposalGroupIncludingDiscontinuedOperationAssetRetirementObligationLiabilities
7510000 USD
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DisposalGroupIncludingDiscontinuedOperationAssetRetirementObligationLiabilities
7866000 USD
CY2012Q4 lpi Disposal Group Including Discontinued Operation Deferred Revenue Current
DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent
4077000 USD
CY2013Q2 lpi Disposal Group Including Discontinued Operation Deferred Revenue Current
DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent
5377000 USD
lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
627000 USD
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DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
0 USD
lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
1248000 USD
CY2012Q2 lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
634000 USD
CY2012Q2 lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
1075000 USD
lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
2076000 USD
lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
2167000 USD
lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
285000 USD
CY2012Q2 lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
64000 USD
CY2013Q2 lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
236000 USD
lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
480000 USD
lpi Disposal Groups Natural Gas Transporation And Treating Costs
DisposalGroupsNaturalGasTransporationAndTreatingCosts
634000 USD
CY2012Q2 lpi Disposal Groups Natural Gas Transporation And Treating Costs
DisposalGroupsNaturalGasTransporationAndTreatingCosts
377000 USD
lpi Disposal Groups Natural Gas Transporation And Treating Costs
DisposalGroupsNaturalGasTransporationAndTreatingCosts
969000 USD
CY2013Q2 lpi Disposal Groups Natural Gas Transporation And Treating Costs
DisposalGroupsNaturalGasTransporationAndTreatingCosts
433000 USD
CY2012Q2 lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
909000 USD
CY2013Q2 lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
1478000 USD
lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
3310000 USD
lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
2245000 USD
CY2013Q2 lpi Drilling And Production Expense
DrillingAndProductionExpense
597000 USD
CY2012Q2 lpi Drilling And Production Expense
DrillingAndProductionExpense
269000 USD
lpi Drilling And Production Expense
DrillingAndProductionExpense
1271000 USD
lpi Drilling And Production Expense
DrillingAndProductionExpense
1486000 USD
lpi Effective Tax Rate Before Discrete Items
EffectiveTaxRateBeforeDiscreteItems
0.36
CY2012Q2 lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
0 USD
CY2013Q2 lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
120000 USD
lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
0 USD
lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
411000 USD
lpi Increase Decrease In Fair Value Of Performance Unit Awards
IncreaseDecreaseInFairValueOfPerformanceUnitAwards
1028000 USD
lpi Increase Decrease In Fair Value Of Performance Unit Awards
IncreaseDecreaseInFairValueOfPerformanceUnitAwards
2155000 USD
lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
4721000 USD
lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
4327000 USD
CY2012Q4 lpi Lease Operating Expense Accrual
LeaseOperatingExpenseAccrual
9766000 USD
CY2013Q2 lpi Lease Operating Expense Accrual
LeaseOperatingExpenseAccrual
11116000 USD
CY2012Q4 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
54013000 USD
CY2013Q2 lpi Prepaid Drilling Liability
PrepaidDrillingLiability
1113000 USD
CY2012Q4 lpi Prepaid Drilling Liability
PrepaidDrillingLiability
2916000 USD
CY2013Q2 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
110023000 USD
CY2012Q4 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
86976000 USD
CY2013Q2 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
74894000 USD
CY2012Q4 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
214508000 USD
CY2013Q2 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
233538000 USD
CY2012Q4 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
27753000 USD
CY2013Q2 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
30341000 USD
lpi Payments To Acquire Pipeline And Gathering Assets
PaymentsToAcquirePipelineAndGatheringAssets
8302000 USD
lpi Payments To Acquire Pipeline And Gathering Assets
PaymentsToAcquirePipelineAndGatheringAssets
7031000 USD
CY2013Q2 lpi Pipeline And Gas Gathering Assets
PipelineAndGasGatheringAssets
29871000 USD
CY2012Q4 lpi Pipeline And Gas Gathering Assets
PipelineAndGasGatheringAssets
23065000 USD
CY2012Q4 lpi Pipeline And Gas Gathering Assets Net
PipelineAndGasGatheringAssetsNet
21768000 USD
CY2013Q2 lpi Pipeline And Gas Gathering Assets Net
PipelineAndGasGatheringAssetsNet
27956000 USD
lpi Premiums Paid For Derivative Financial Instruments
PremiumsPaidForDerivativeFinancialInstruments
5249000 USD
lpi Premiums Paid For Derivative Financial Instruments
PremiumsPaidForDerivativeFinancialInstruments
2927000 USD
CY2013Q2 lpi Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Awards Vesting Annually After Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfAwardsVestingAnnuallyAfterGrantDate
0.2
CY2013Q2 lpi Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Awards Vesting At Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfAwardsVestingAtGrantDate
0.2
CY2013Q2 lpi Undistributed Revenue And Accrued Royalties Current
UndistributedRevenueAndAccruedRoyaltiesCurrent
35015000 USD
CY2012Q4 lpi Undistributed Revenue And Accrued Royalties Current
UndistributedRevenueAndAccruedRoyaltiesCurrent
31988000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001528129
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
129503049 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Laredo Petroleum Holdings, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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