$VTLE
Vital Energy, Inc. Stock $vtle

$vtle Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000152812918000105 Filed on August 02, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$351.0M	$187.0M
YoY Change	87.72%	27.41%
Cost Of Revenue	$177.6M	$73.50M
YoY Change	141.63%	1.52%
Gross Profit	$173.5M	$113.5M
YoY Change	52.86%	52.55%
Gross Profit Margin	49.42%	60.69%
Selling, General & Admin	$26.80M	$22.00M
YoY Change	21.82%	7.32%
% of Gross Profit	15.45%	19.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$50.76M	$38.00M
YoY Change	33.57%	11.19%
% of Gross Profit	29.26%	33.48%
Operating Expenses	$78.70M	$61.40M
YoY Change	28.18%	10.63%
Operating Profit	$94.77M	$52.06M
YoY Change	82.03%	191.27%
Interest Expense	$14.42M	$23.17M
YoY Change	-37.76%	-1.44%
% of Operating Profit	15.22%	44.51%
Other Income/Expense, Net	-$61.32M	$9.049M
YoY Change	-777.59%	-110.13%
Pretax Income	$33.45M	$61.11M
YoY Change	-45.26%	-185.55%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%	0.0%
Net Earnings	$33.45M	$61.11M
YoY Change	-45.26%	-185.55%
Net Earnings / Revenue	9.53%	32.68%
Basic Earnings Per Share	$0.14	$0.26
Diluted Earnings Per Share	$0.14	$0.25
COMMON SHARES
Basic Shares Outstanding	230.9M shares	239.2M shares
Diluted Shares Outstanding	231.7M shares	244.4M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$36.60M	$35.00M
YoY Change	4.57%	81.35%
Cash & Equivalents	$36.60M	$35.02M
Short-Term Investments
Other Short-Term Assets	$23.71M	$17.55M
YoY Change	35.12%	21.48%
Inventory		$8.600M
Prepaid Expenses
Receivables	$101.3M	$72.11M
Other Receivables	$0.00	$139.0K
Total Short-Term Assets	$169.7M	$167.7M
YoY Change	1.21%	-20.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.021B	$1.499B
YoY Change	34.77%	31.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$249.5M
YoY Change		16.79%
Other Assets	$15.99M	$12.01M
YoY Change	33.22%	42.68%
Total Long-Term Assets	$2.040B	$1.774B
YoY Change	15.0%	26.79%
TOTAL ASSETS
Total Short-Term Assets	$169.7M	$167.7M
Total Long-Term Assets	$2.040B	$1.774B
Total Assets	$2.209B	$1.941B
YoY Change	13.81%	20.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$74.30M	$10.78M
YoY Change	589.43%	-25.68%
Accrued Expenses	$73.80M	$119.7M
YoY Change	-38.35%	18.75%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$283.4M	$172.1M
YoY Change	64.7%	11.88%
LONG-TERM LIABILITIES
Long-Term Debt	$902.7M	$1.390B
YoY Change	-35.07%	-0.19%
Other Long-Term Liabilities	$3.405M	$3.457M
YoY Change	-1.5%	-10.07%
Total Long-Term Liabilities	$906.2M	$1.394B
YoY Change	-34.98%	-0.21%
TOTAL LIABILITIES
Total Short-Term Liabilities	$283.4M	$172.1M
Total Long-Term Liabilities	$906.2M	$1.394B
Total Liabilities	$1.250B	$1.617B
YoY Change	-22.68%	0.99%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.408B	-$2.089B
YoY Change	-32.59%	-5.45%
Common Stock	$2.367B	$2.413B
YoY Change	-1.9%	8.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$959.2M	$324.4M
YoY Change
Total Liabilities & Shareholders Equity	$2.209B	$1.941B
YoY Change	13.81%	20.56%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$33.45M	$61.11M
YoY Change	-45.26%	-185.55%
Depreciation, Depletion And Amortization	$50.76M	$38.00M
YoY Change	33.57%	11.19%
Cash From Operating Activities	$116.1M	$93.10M
YoY Change	24.7%	13.4%
INVESTING ACTIVITIES
Capital Expenditures	-$165.6M	-$127.5M
YoY Change	29.88%	36.22%
Acquisitions
YoY Change
Other Investing Activities	$11.30M	$3.900M
YoY Change	189.74%	-124.53%
Cash From Investing Activities	-$154.4M	-$123.6M
YoY Change	24.92%	12.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	19.00M	35.10M
YoY Change	-45.87%	1.45%
NET CHANGE
Cash From Operating Activities	116.1M	93.10M
Cash From Investing Activities	-154.4M	-123.6M
Cash From Financing Activities	19.00M	35.10M
Net Change In Cash	-19.30M	4.600M
YoY Change	-519.57%	-36.99%
FREE CASH FLOW
Cash From Operating Activities	$116.1M	$93.10M
Capital Expenditures	-$165.6M	-$127.5M
Free Cash Flow	$281.7M	$220.6M
YoY Change	27.7%	25.55%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Amendment Flag AmendmentFlag	false
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	6117000	USD
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001528129
CY2018Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	235151105	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Laredo Petroleum, Inc.
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	5205000	USD
CY2017Q4	lpi	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	82721000	USD
CY2018Q2	lpi	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	73843000	USD
CY2017Q4	lpi	Accumulated Depreciation Depletion Amortization And Impairment Property Plant And Equipment AccumulatedDepreciationDepletionAmortizationAndImpairmentPropertyPlantAndEquipment	4657466000	USD
CY2018Q2	lpi	Accumulated Depreciation Depletion Amortization And Impairment Property Plant And Equipment AccumulatedDepreciationDepletionAmortizationAndImpairmentPropertyPlantAndEquipment	4746413000	USD
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	325000	USD
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	577000	USD
CY2017Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	5763000	USD
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	10973000	USD
CY2018Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	6735000	USD
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	13264000	USD
CY2017Q4	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	1413474000	USD
CY2018Q2	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	1686500000	USD
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	21156000	USD
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	-2055000	USD
	lpi	Change In Capital Expenditures Incurred But Not Yet Paid ChangeInCapitalExpendituresIncurredButNotYetPaid	22855000	USD
	lpi	Change In Capital Expenditures Incurred But Not Yet Paid ChangeInCapitalExpendituresIncurredButNotYetPaid	-8878000	USD
	lpi	Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments	111000	USD
	lpi	Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments	396000	USD
CY2017Q2	lpi	Depletion Expense Per Physical Unit Of Production DepletionExpensePerPhysicalUnitOfProduction	6.44
	lpi	Depletion Expense Per Physical Unit Of Production DepletionExpensePerPhysicalUnitOfProduction	6.44
CY2018Q2	lpi	Depletion Expense Per Physical Unit Of Production DepletionExpensePerPhysicalUnitOfProduction	7.68
	lpi	Depletion Expense Per Physical Unit Of Production DepletionExpensePerPhysicalUnitOfProduction	7.52
CY2018Q2	lpi	Derivative Financial Instrument Deferred Premium Future Payments Due DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDue	25481000	USD
CY2018Q2	lpi	Derivative Financial Instrument Deferred Premium Future Payments Due Due In Three Years DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDueDueInThreeYears	1110000	USD
CY2018Q2	lpi	Derivative Financial Instrument Deferred Premium Future Payments Due Due In Two Years DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDueDueInTwoYears	13511000	USD
CY2018Q2	lpi	Derivative Financial Instrument Deferred Premium Future Payments Due Remaining Fiscal Year DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDueRemainingFiscalYear	10860000	USD
CY2018Q2	lpi	Gross Production Barrels Of Crude Oil Related To Crude Oil Purchase Agreement GrossProductionBarrelsOfCrudeOilRelatedToCrudeOilPurchaseAgreement	19000	bbl
	lpi	Increase Decrease In Investments With Affiliates IncreaseDecreaseInInvestmentsWithAffiliates	0	USD
	lpi	Increase Decrease In Investments With Affiliates IncreaseDecreaseInInvestmentsWithAffiliates	0	USD
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	5328000	USD
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	8146000	USD
CY2017Q4	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	138325000	USD
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CY2017Q2	lpi	Minimum Volume Commitments Deficiency Payments MinimumVolumeCommitmentsDeficiencyPayments	500000	USD
	lpi	Minimum Volume Commitments Deficiency Payments MinimumVolumeCommitmentsDeficiencyPayments	600000	USD
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	lpi	Minimum Volume Commitments Deficiency Payments MinimumVolumeCommitmentsDeficiencyPayments	2300000	USD
CY2017Q4	lpi	Other Assets Current Not Separately Disclosed OtherAssetsCurrentNotSeparatelyDisclosed	134737000	USD
CY2018Q2	lpi	Other Assets Current Not Separately Disclosed OtherAssetsCurrentNotSeparatelyDisclosed	68373000	USD
CY2017Q4	lpi	Other Assets Noncurrent Not Separately Disclosed OtherAssetsNoncurrentNotSeparatelyDisclosed	19522000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
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CY2017Q4	lpi	Other Liabilities Current Not Separately Disclosed OtherLiabilitiesCurrentNotSeparatelyDisclosed	219078000	USD
CY2018Q2	lpi	Other Liabilities Current Not Separately Disclosed OtherLiabilitiesCurrentNotSeparatelyDisclosed	209168000	USD
CY2017Q4	lpi	Other Liabilities Noncurrent Not Separately Disclosed OtherLiabilitiesNoncurrentNotSeparatelyDisclosed	188436000	USD
CY2018Q2	lpi	Other Liabilities Noncurrent Not Separately Disclosed OtherLiabilitiesNoncurrentNotSeparatelyDisclosed	63955000	USD
CY2018Q1	lpi	Performance Multiple Weight Absolute Total Shareholder Return Factor PerformanceMultipleWeightAbsoluteTotalShareholderReturnFactor	0.25
CY2018Q1	lpi	Performance Multiple Weight Relative Total Shareholder Return Factor PerformanceMultipleWeightRelativeTotalShareholderReturnFactor	0.25
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	12094000	USD
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	9475000	USD
	lpi	Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net ProceedsFromPaymentsForCashSettlementsEarlyTerminationsOfDerivativeFinancialInstrumentsNet	4234000	USD
	lpi	Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net ProceedsFromPaymentsForCashSettlementsEarlyTerminationsOfDerivativeFinancialInstrumentsNet	0	USD
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CY2018Q2	lpi	Tax Cuts And Jobs Act Of2017 Net Operating Loss Carryforward That Will Not Expire TaxCutsAndJobsActOf2017NetOperatingLossCarryforwardThatWillNotExpire	23000000	USD
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	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	20015000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2094000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1638000	USD
CY2016Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	52207000	USD
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CY2017Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	55506000	USD
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	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1871000	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2227000	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	320000	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	577000	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	1234000	USD
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	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	5000	USD
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	0	USD
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	us-gaap	Costs And Expenses CostsAndExpenses	272620000	USD
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	us-gaap	Costs And Expenses CostsAndExpenses	422783000	USD
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	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	236896000	USD
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	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	327834000	USD
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	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	11245000	USD
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	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	258097000	USD
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	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2018Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	315100000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	72115000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	96315000	USD
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CY2017Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	384000	USD
CY2018Q2	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	5876000	USD
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.26
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.54
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.51
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.53
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.14
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.51
CY2017Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1792000	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	3772000	USD
CY2018Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1996000	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	4098000	USD
CY2018Q2	us-gaap	Gain Contingency Unrecorded Amount GainContingencyUnrecordedAmount	150000000	USD
CY2017Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	28897000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	65568000	USD
CY2018Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-45976000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-36966000	USD
CY2017Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	805000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	591000	USD
CY2018Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1358000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-3975000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	22008000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	47605000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	26834000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	51559000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	61110000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	129386000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	33452000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	119972000	USD
CY2017Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2471000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5539000	USD
CY2018Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-13718000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	15911000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-14760000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2331000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	3545000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	10974000	USD
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-11008000	USD
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-20124000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-29000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-1835000	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-165000	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-544000	USD
CY2017Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	49000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	194000	USD
CY2018Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	443000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	896000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	23173000	USD
	us-gaap	Interest Expense InterestExpense	45893000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	14424000	USD
	us-gaap	Interest Expense InterestExpense	27942000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	490000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	498000	USD
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2018Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2017Q4	us-gaap	Liabilities Liabilities	1257710000	USD
CY2018Q2	us-gaap	Liabilities Liabilities	1250120000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2023289000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2209287000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	277419000	USD
CY2018Q2	us-gaap	Liabilities Current LiabilitiesCurrent	283420000	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	791855000	USD
CY2018Q2	us-gaap	Long Term Debt LongTermDebt	902745000	USD
CY2017Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	791855000	USD
CY2018Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	902745000	USD
CY2018Q2	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	37400000	USD
CY2017Q4	us-gaap	Loss Contingency Pending Claims Number LossContingencyPendingClaimsNumber	9	Claim
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23029000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	15916000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-177578000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-354072000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	156901000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	262601000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	61110000	USD
	us-gaap	Net Income Loss NetIncomeLoss	129386000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	33452000	USD
	us-gaap	Net Income Loss NetIncomeLoss	119972000	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9049000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	25999000	USD
CY2018Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-61315000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-67987000	USD
CY2017Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	1589339000	USD
CY2018Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	1843315000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	52061000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	103387000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	94767000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	187959000	USD
CY2017Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	20104000	USD
	us-gaap	Operating Lease Expense OperatingLeaseExpense	37096000	USD
CY2018Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	22642000	USD
	us-gaap	Operating Lease Expense OperatingLeaseExpense	44593000	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	15686000	USD
CY2018Q2	us-gaap	Other Assets Current OtherAssetsCurrent	23710000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	16109000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	15993000	USD
CY2017Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1437000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2463000	USD
CY2018Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1121000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2227000	USD
CY2017Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	75555000	USD
CY2018Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	45208000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	134090000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3405000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	32222000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	71892000	USD
CY2018Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-46891000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-40045000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1414000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	6910000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	87218000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	4732000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2469000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7597000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	4397000	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	0	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	16340000	USD
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	2683000	USD
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	4965000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	232219000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	341534000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2018Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	90000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	110000000	USD
	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	0	USD
	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	1655000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	63441000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	12317000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	358000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q2	us-gaap	Production Tax Expense ProductionTaxExpense	8472000	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	17253000	USD
CY2018Q2	us-gaap	Production Tax Expense ProductionTaxExpense	12405000	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	24217000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1768385000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2020526000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	40721000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	42384000	USD
CY2018Q2	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	8000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	55000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1669108000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1408018000	USD
CY2017Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	187001000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	376007000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	351046000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	610742000	USD
	us-gaap	Revenue Practical Expedient Remaining Performance Obligation Description RevenuePracticalExpedientRemainingPerformanceObligationDescription	the Company has utilized the practical expedient in ASC 606-10-50-14 that exempts the Company from disclosure of the transaction price allocated to remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less
	us-gaap	Share Based Compensation ShareBasedCompensation	17911000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	20015000	USD
CY2017Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	10479000	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	21683000	USD
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	12672000	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	24113000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2018Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	200000000	USD
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	3150651	shares
	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	9878552	shares
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	28700000	USD
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	87200000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	765579000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	959167000	USD
CY2018Q2	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	9.12
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	8.83
	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	87218000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	244417000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	244385000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	231706000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	235501000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	239231000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	238870000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	230933000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	234561000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and basis of presentation</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">a.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">    </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Organization</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </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 wholly-owned subsidiaries, Laredo Midstream Services, LLC ("LMS") and Garden City Minerals, LLC ("GCM"), is </font><font style="font-family:inherit;font-size:10pt;">an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and midstream and marketing services, primarily in the Permian Basin of West Texas</font><font style="font-family:inherit;font-size:10pt;">. 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-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">b.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">    </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of presentation</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 accompanying unaudited consolidated financial statements were derived from the historical accounting records of the Company and reflect the historical financial position, results of operations and cash flows for the periods described herein. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). All material intercompany transactions and account balances have been eliminated in the consolidation of accounts.</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 accompanying unaudited consolidated financial statements have not been audited by the Company's independent registered public accounting firm, except that the consolidated balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;"> is derived from audited consolidated financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all necessary adjustments to present fairly the Company's financial position as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, results of operations for the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> and cash flows for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">.</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;">Certain disclosures have been condensed or omitted from these unaudited consolidated financial statements. Accordingly, these unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> Annual Report.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Significant accounting policies</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;">See Note 2 "Basis of presentation and significant accounting policies" in the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> Annual Report for discussion of significant accounting policies.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates in the preparation of interim unaudited consolidated financial statements</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 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.</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;">For further information regarding the estimates and assumptions, see Note 2.b "Use of estimates in the preparation of consolidated financial statements" in the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> Annual Report. Furthermore, see Note </font><font style="font-family:inherit;font-size:10pt;">7.c</font><font style="font-family:inherit;font-size:10pt;"> for a discussion of estimates pertaining to the Company's 2018 performance share awards.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </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;">Certain amounts in the accompanying unaudited consolidated financial statements have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> presentation. These reclassifications had no impact on previously reported total assets, total liabilities, net income, stockholders' equity or total operating, investing or financing cash flows.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </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;">Certain amounts in the accompanying unaudited consolidated financial statements have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> presentation. These reclassifications had no impact on previously reported total assets, total liabilities, net income, stockholders' equity or total operating, investing or financing cash flows.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates in the preparation of interim unaudited consolidated financial statements</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 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.</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;">For further information regarding the estimates and assumptions, see Note 2.b "Use of estimates in the preparation of consolidated financial statements" in the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> Annual Report. Furthermore, see Note </font><font style="font-family:inherit;font-size:10pt;">7.c</font><font style="font-family:inherit;font-size:10pt;"> for a discussion of estimates pertaining to the Company's 2018 performance share awards.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>

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$VTLE
Vital Energy, Inc. Stock $vtle

2018 Q2 Form 10-Q Financial Statement

#000152812918000105 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$VTLE Vital Energy, Inc. Stock $vtle

2018 Q2 Form 10-Q Financial Statement

#000152812918000105 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE
Vital Energy, Inc. Stock $vtle