$VTLE
Vital Energy, Inc. Stock $vtle

$vtle Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000152812916000212 Filed on May 05, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$106.6M	$150.7M
YoY Change	-29.29%	-13.05%
Cost Of Revenue	$60.50M	$75.90M
YoY Change	-20.29%	113.2%
Gross Profit	$46.00M	$74.80M
YoY Change	-38.5%	-45.68%
Gross Profit Margin	43.17%	49.64%
Selling, General & Admin	$19.50M	$21.90M
YoY Change	-10.96%	-20.94%
% of Gross Profit	42.39%	29.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$41.48M	$71.94M
YoY Change	-42.35%	45.02%
% of Gross Profit	90.17%	96.18%
Operating Expenses	$61.70M	$94.40M
YoY Change	-34.64%	21.49%
Operating Profit	-$176.8M	-$26.50M
YoY Change	567.17%	-144.14%
Interest Expense	$23.71M	$32.41M
YoY Change	-26.87%	11.83%
% of Operating Profit
Other Income/Expense, Net	-$3.583M	$29.67M
YoY Change	-112.08%	-149.33%
Pretax Income	-$180.4M	$3.171M
YoY Change	-5788.14%	-3091.51%
Income Tax	$0.00	$3.643M
% Of Pretax Income		114.88%
Net Earnings	-$180.4M	-$472.0K
YoY Change	38114.19%	121.6%
Net Earnings / Revenue	-169.27%	-0.31%
Basic Earnings Per Share	-$0.85	$0.00
Diluted Earnings Per Share	-$0.85	$0.00
COMMON SHARES
Basic Shares Outstanding	211.6M shares	162.4M shares
Diluted Shares Outstanding	211.6M shares	162.4M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.10M	$569.1M
YoY Change	-97.87%	3.95%
Cash & Equivalents	$12.10M	$569.1M
Short-Term Investments
Other Short-Term Assets	$16.80M	$27.43M
YoY Change	-38.77%	58.43%
Inventory	$8.500M	$9.387M
Prepaid Expenses		$18.04M
Receivables	$85.17M	$110.0M
Other Receivables	$678.0K	$600.0K
Total Short-Term Assets	$280.9M	$901.6M
YoY Change	-68.85%	38.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.088B	$3.520B
YoY Change	-69.1%	48.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$194.8M	$72.40M
YoY Change	169.09%	217.54%
Other Assets	$10.34M	$8.510M
YoY Change	21.47%	3331.45%
Total Long-Term Assets	$1.356B	$3.753B
YoY Change	-63.86%	54.41%
TOTAL ASSETS
Total Short-Term Assets	$280.9M	$901.6M
Total Long-Term Assets	$1.356B	$3.753B
Total Assets	$1.637B	$4.655B
YoY Change	-64.83%	51.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$23.38M	$30.41M
YoY Change	-23.11%	280.08%
Accrued Expenses	$105.5M	$174.1M
YoY Change	-39.4%	0.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$551.2M
YoY Change	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$156.1M	$892.8M
YoY Change	-82.52%	244.0%
LONG-TERM LIABILITIES
Long-Term Debt	$1.477B	$1.300B
YoY Change	13.61%	-13.42%
Other Long-Term Liabilities	$3.971M	$4.108M
YoY Change	-3.33%	23.51%
Total Long-Term Liabilities	$1.481B	$1.304B
YoY Change	13.55%	-13.34%
TOTAL LIABILITIES
Total Short-Term Liabilities	$156.1M	$892.8M
Total Long-Term Liabilities	$1.481B	$1.304B
Total Liabilities	$1.683B	$2.336B
YoY Change	-27.96%	29.34%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.138B	$252.1M
YoY Change	-947.89%	-2011.02%
Common Stock	$2.092B	$2.067B
YoY Change	1.21%	143740.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$45.72M	$2.319B
YoY Change
Total Liabilities & Shareholders Equity	$1.637B	$4.655B
YoY Change	-64.83%	51.06%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$180.4M	-$472.0K
YoY Change	38114.19%	121.6%
Depreciation, Depletion And Amortization	$41.48M	$71.94M
YoY Change	-42.35%	45.02%
Cash From Operating Activities	$56.52M	$26.87M
YoY Change	110.37%	-79.03%
INVESTING ACTIVITIES
Capital Expenditures	-$107.7M	-$268.1M
YoY Change	-59.83%	28.77%
Acquisitions
YoY Change
Other Investing Activities	-$26.40M	-$14.50M
YoY Change	82.07%	31.82%
Cash From Investing Activities	-$134.2M	-$282.5M
YoY Change	-52.52%	28.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$1.412M	-$751.9M
YoY Change	-100.19%	-23066.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$58.59M	$795.5M
YoY Change	-92.63%	80.57%
NET CHANGE
Cash From Operating Activities	$56.52M	$26.87M
Cash From Investing Activities	-$134.2M	-$282.5M
Cash From Financing Activities	$58.59M	$795.5M
Net Change In Cash	-$19.06M	$539.8M
YoY Change	-103.53%	54.5%
FREE CASH FLOW
Cash From Operating Activities	$56.52M	$26.87M
Capital Expenditures	-$107.7M	-$268.1M
Free Cash Flow	$164.2M	$295.0M
YoY Change	-44.33%	-12.3%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001528129
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	213406700	shares
CY2016Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	Laredo Petroleum, Inc.
CY2016Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	213808003	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	213447648	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	2138000	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	2134000	USD
CY2015Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	31200000	USD
CY2016Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	32946000	USD
CY2015Q1	us-gaap	Costs And Expenses CostsAndExpenses	177192000	USD
CY2016Q1	us-gaap	Costs And Expenses CostsAndExpenses	283345000	USD
CY2015Q1	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	USD
CY2016Q1	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	USD
CY2015Q1	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	0	USD
CY2016Q1	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	0	USD
CY2015Q1	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	206672000	USD
CY2016Q1	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	81886000	USD
CY2015Q1	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	4513000	USD
CY2016Q1	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	7263000	USD
CY2015Q1	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	211185000	USD
CY2016Q1	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	89149000	USD
CY2015Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	USD
CY2016Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	USD
CY2015Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	1435000000	USD
CY2016Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	1495000000	USD
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	18774000	USD
CY2016Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	18110000	USD
CY2015Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	23900000	USD
CY2016Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	22812000	USD
CY2015Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3643000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2015Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	3643000	USD
CY2016Q1	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	0	USD
CY2015Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	USD
CY2016Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	USD
CY2015Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	479022000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	507227000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2820000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2593000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	306997000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	324601000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	4763000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	1337000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	11597000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	7530000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	677338000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	735011000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	98675000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	82908000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	31711000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	27728000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	71942000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	41478000	USD
CY2015Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	198805000	USD
CY2016Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	166794000	USD
CY2015Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	77443000	USD
CY2016Q1	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	63414000	USD
CY2015Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	USD
CY2016Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	234000	USD
CY2015Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	27583000	USD
CY2016Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	923000	USD
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.85
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.85
CY2015Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2015Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	14342000	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5492000	USD
CY2015Q1	us-gaap	Equity Method Investments EquityMethodInvestments	72400000	USD
CY2015Q4	us-gaap	Equity Method Investments EquityMethodInvestments	192524000	USD
CY2016Q1	us-gaap	Equity Method Investments EquityMethodInvestments	194822000	USD
CY2015Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	63155000	USD
CY2016Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	17885000	USD
CY2015Q1	us-gaap	Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments	63155000	USD
CY2016Q1	us-gaap	Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments	17885000	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-762000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-160000	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21855000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	19451000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3171000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-180371000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-433000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2298000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3643000	USD
CY2015Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	5000	USD
CY2016Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	59895000	USD
CY2015Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	1110000	USD
CY2016Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-63130000	USD
CY2015Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	91000	USD
CY2016Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost	0	USD
CY2015Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	71000	USD
CY2016Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	141000	USD
CY2015Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-91000	USD
CY2016Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-728000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-8598000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	9201000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-16926000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2526000	USD
CY2015Q1	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	0	USD
CY2016Q1	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	-26660000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-28714000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-10414000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	187000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-69000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	14478000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2186000	USD
CY2015Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	123000	USD
CY2016Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	99000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	32414000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	23705000	USD
CY2015Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	98000	USD
CY2016Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	39000	USD
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	24208000	USD
CY2016Q1	us-gaap	Interest Payable Current InterestPayableCurrent	21663000	USD
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	192524000	USD
CY2016Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	194822000	USD
CY2015Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	32380000	USD
CY2016Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	20518000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	1681840000	USD
CY2016Q1	us-gaap	Liabilities Liabilities	1682880000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1813287000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1637164000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	216815000	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	156074000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	1416226000	USD
CY2016Q1	us-gaap	Long Term Debt LongTermDebt	1476890000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1416226000	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1476890000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	795453000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	58588000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-282546000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-134164000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	26865000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	56517000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-472000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-180371000	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	29669000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3583000	USD
CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2015Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	21375000	USD
CY2016Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	23027000	USD
CY2015Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	1024992000	USD
CY2016Q1	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	915250000	USD
CY2015Q4	us-gaap	Oil And Gas Sales Payable Current And Noncurrent OilAndGasSalesPayableCurrentAndNoncurrent	12189000	USD
CY2016Q1	us-gaap	Oil And Gas Sales Payable Current And Noncurrent OilAndGasSalesPayableCurrentAndNoncurrent	12423000	USD
CY2015Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	118118000	USD
CY2016Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	73142000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-26498000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-176788000	USD
CY2015Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	0	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	14695000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	10628000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	14574000	USD
CY2016Q1	us-gaap	Other Assets Current OtherAssetsCurrent	16796000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10833000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10337000	USD
CY2015Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	6621000	USD
CY2016Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	844000	USD
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	106222000	USD
CY2016Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	62753000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4040000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3971000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	61960000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	20023000	USD
CY2015Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1742000	USD
CY2016Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-1292000	USD
CY2015Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	1498000	USD
CY2016Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	678000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2283000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1412000	USD
CY2015Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	6427000	USD
CY2016Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2015Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	14495000	USD
CY2016Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	26660000	USD
CY2015Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	243733000	USD
CY2016Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	105155000	USD
CY2015Q1	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	3919000	USD
CY2016Q1	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	630000	USD
CY2015Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	268086000	USD
CY2016Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	107722000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7600000	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	8258000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	754200000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	754163000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	350000000	USD
CY2015Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	175000000	USD
CY2016Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	85000000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	35000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Other Productive Assets ProceedsFromSaleOfOtherProductiveAssets	218000	USD
CY2015Q1	us-gaap	Production Tax Expense ProductionTaxExpense	9086000	USD
CY2016Q1	us-gaap	Production Tax Expense ProductionTaxExpense	6435000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1200255000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1087733000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	43538000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	42476000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	475000000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	25000000	USD
CY2015Q1	us-gaap	Restructuring Charges RestructuringCharges	6042000	USD
CY2016Q1	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1957343000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2137714000	USD
CY2015Q1	us-gaap	Revenue From Purchased Oil And Gas RevenueFromPurchasedOilAndGas	31267000	USD
CY2016Q1	us-gaap	Revenue From Purchased Oil And Gas RevenueFromPurchasedOilAndGas	31614000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	150694000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	106557000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4788000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3838000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid	2738000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid	6394000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	131447000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	-45716000	USD
CY2016Q1	us-gaap	Threshold Period Past Due For Writeoff Of Trade Accounts Receivable ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable	P90D
CY2016Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	676000000	USD
CY2016Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	57700000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	162426000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	211560000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	162426000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	211560000	shares
CY2016Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit risk</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;">The Company's oil, NGL and natural gas sales are made to a variety of purchasers, including intrastate and interstate pipelines or their marketing affiliates and independent marketing companies. The Company's joint operations accounts receivable are from a number of oil and natural gas companies, partnerships, individuals and others who own interests in the oil and natural gas properties operated by the Company. The Company's sales of purchased oil are made to one customer. Management believes that any credit risk imposed by a concentration in the oil and natural gas industry is offset by the creditworthiness of the Company's customer base and industry partners. The Company routinely assesses the recoverability of all material trade and other receivables to determine collectability.</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 Company uses derivatives to hedge its exposure to oil and natural gas price volatility. These transactions expose the Company to potential credit risk from its counterparties. In accordance with the Company's standard practice, its derivatives are subject to counterparty netting under agreements governing such derivatives; therefore, the credit risk associated with its derivative counterparties is somewhat mitigated.</font></div></div>
CY2016Q1	us-gaap	Nature Of Operations NatureOfOperations	<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, Inc. ("Laredo"), together with its subsidiaries, Laredo Midstream Services, LLC ("LMS") and Garden City Minerals, LLC ("GCM"), is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties, primarily in the Permian Basin in West Texas. LMS and GCM (together, the "Guarantors") guarantee all of Laredo's debt instruments. In these notes, the "Company" refers to Laredo, LMS and GCM collectively, unless the context indicates otherwise. All amounts, dollars and percentages presented in these unaudited consolidated financial statements and the related notes are rounded and therefore approximate. </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 Company operates in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> business segments, which are (i) exploration and production and (ii) midstream and marketing. The exploration and production segment is engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas. The midstream and marketing segment provides Laredo's exploration and production segment and third parties with products and services that need to be delivered by midstream infrastructure, including oil and natural gas gathering services as well as rig fuel, natural gas lift and water in and around Laredo's primary production corridors.</font></div></div>
CY2016Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<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;">Reclassifications</font></div><div style="line-height:120%;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the accompanying unaudited consolidated financial statements have been reclassified to conform to the 2016 presentation. These reclassifications had no impact to previously reported net loss, stockholders' equity or cash flows.</font></div></div>
CY2016Q1	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. 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, (i) estimates of the Company's reserves of oil, NGL and natural gas, (ii) future cash flows from oil and natural gas properties, (iii) depletion, depreciation and amortization, (iv) asset retirement obligations, (v) stock-based compensation, (vi) deferred income taxes, (vii) fair value of assets acquired and liabilities assumed in an acquisition and (viii) fair values of derivatives, deferred premiums and performance unit awards. As fair value is a market-based measurement, it is determined based on the assumptions that would be used by market participants. These estimates and assumptions are based on management'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>

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$VTLE
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2016 Q1 Form 10-Q Financial Statement

#000152812916000212 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

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Files In Submission

$VTLE Vital Energy, Inc. Stock $vtle

2016 Q1 Form 10-Q Financial Statement

#000152812916000212 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE
Vital Energy, Inc. Stock $vtle