$VTLE
Vital Energy, Inc. Stock $vtle

$vtle Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000152812921000129 Filed on August 05, 2021

Income Statement

Concept	2021 Q2	2020 Q2	2020 Q1
Revenue	$294.4M	$110.6M	$205.0M
YoY Change	166.19%	-48.95%	-1.89%
Cost Of Revenue	$110.6M	$55.60M	$125.3M
YoY Change	98.98%	-21.25%	81.86%
Gross Profit	$183.7M	$54.90M	$79.70M
YoY Change	234.67%	-62.4%	-43.11%
Gross Profit Margin	62.42%	49.64%	38.88%
Selling, General & Admin	$21.10M	$10.70M	$12.60M
YoY Change	97.21%	-3.6%	-41.4%
% of Gross Profit	11.48%	19.49%	15.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$39.98M	$66.57M	$61.30M
YoY Change	-39.95%	1.33%	-2.85%
% of Gross Profit	21.76%	121.26%	76.92%
Operating Expenses	$62.24M	$78.30M	$75.00M
YoY Change	-20.52%	0.64%	-12.49%
Operating Profit	$108.3M	-$434.1M	-$182.0M
YoY Change	-124.96%	-850.59%	-434.53%
Interest Expense	$25.87M	$27.07M	$24.97M
YoY Change	-4.44%	71.72%	60.61%
% of Operating Profit	23.88%
Other Income/Expense, Net	-$242.3M	-$118.6M	$259.0M
YoY Change	104.37%	-201.08%	-504.84%
Pretax Income	-$134.0M	-$552.6M	$77.06M
YoY Change	-75.76%	-415.55%	-903.83%
Income Tax	-$1.322M	-$7.173M	$2.417M
% Of Pretax Income			3.14%
Net Earnings	-$132.7M	-$545.5M	$74.65M
YoY Change	-75.68%	-414.6%	-886.49%
Net Earnings / Revenue	-45.07%	-493.23%	36.41%
Basic Earnings Per Share	-$10.47	-$46.75	$6.43
Diluted Earnings Per Share	-$10.47	-$46.75	$6.39
COMMON SHARES
Basic Shares Outstanding	12.67M shares	11.67M shares	11.62M shares
Diluted Shares Outstanding	12.67M shares	11.67M shares	11.67M shares

Balance Sheet

Concept	2021 Q2	2020 Q2	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$193.5M	$15.70M	$62.80M
YoY Change	1132.76%	-71.86%	41.12%
Cash & Equivalents	$193.5M	$15.75M	$62.78M
Short-Term Investments
Other Short-Term Assets	$18.67M	$19.70M	$18.25M
YoY Change	-5.23%	52.23%	39.74%
Inventory
Prepaid Expenses
Receivables	$90.61M	$69.11M	$75.59M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$302.8M	$256.3M	$427.3M
YoY Change	18.17%	33.11%	147.38%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.368B	$1.536B	$2.091B
YoY Change	-10.95%	-35.17%	-9.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$96.28M	$13.97M	$12.87M
YoY Change	589.21%	7.69%	-21.58%
Total Long-Term Assets	$1.484B	$1.614B	$2.177B
YoY Change	-8.07%	-33.5%	-7.06%
TOTAL ASSETS
Total Short-Term Assets	$302.8M	$256.3M	$427.3M
Total Long-Term Assets	$1.484B	$1.614B	$2.177B
Total Assets	$1.787B	$1.871B	$2.604B
YoY Change	-4.48%	-28.6%	3.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$49.78M	$47.40M	$65.60M
YoY Change	5.03%	-7.6%	-14.36%
Accrued Expenses	$47.78M	$33.00M	$65.50M
YoY Change	44.8%	-21.99%	38.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$489.7M	$157.8M	$185.7M
YoY Change	210.34%	-7.55%	-8.81%
LONG-TERM LIABILITIES
Long-Term Debt	$1.306B	$1.258B	$1.257B
YoY Change	3.81%	22.21%	18.17%
Other Long-Term Liabilities	$9.627M	$991.0K	$5.764M
YoY Change	871.44%	-87.12%	-7.55%
Total Long-Term Liabilities	$1.316B	$1.259B	$1.263B
YoY Change	4.49%	21.4%	18.02%
TOTAL LIABILITIES
Total Short-Term Liabilities	$489.7M	$157.8M	$185.7M
Total Long-Term Liabilities	$1.316B	$1.259B	$1.263B
Total Liabilities	$1.941B	$1.495B	$1.524B
YoY Change	29.88%	17.17%	13.48%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.628B	-$2.017B	-$1.311B
YoY Change	30.32%	94.0%	8.07%
Common Stock	$2.474B	$2.393B	$2.390B
YoY Change	3.39%	0.37%	0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$154.3M	$376.0M	$919.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.787B	$1.871B	$2.604B
YoY Change	-4.48%	-28.6%	3.55%

Cashflow Statement

Concept	2021 Q2	2020 Q2	2020 Q1
OPERATING ACTIVITIES
Net Income	-$132.7M	-$545.5M	$74.65M
YoY Change	-75.68%	-414.6%	-886.49%
Depreciation, Depletion And Amortization	$39.98M	$66.57M	$61.30M
YoY Change	-39.95%	1.33%	-2.85%
Cash From Operating Activities	$116.5M	$62.00M	$109.6M
YoY Change	87.9%	-66.27%	41.48%
INVESTING ACTIVITIES
Capital Expenditures	-$99.67M	-$108.8M	-$137.0M
YoY Change	-8.39%	-21.39%	-11.9%
Acquisitions
YoY Change
Other Investing Activities	$107.0K	$0.00	-$22.80M
YoY Change		-100.0%
Cash From Investing Activities	-$99.57M	-$108.8M	-$159.8M
YoY Change	-8.49%	-20.87%	2.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	203.7M	-200.0K	$72.12M
YoY Change	-101948.5%	-99.43%	-6.8%
NET CHANGE
Cash From Operating Activities	116.5M	62.00M	$109.6M
Cash From Investing Activities	-99.57M	-108.8M	-$159.8M
Cash From Financing Activities	203.7M	-200.0K	$72.12M
Net Change In Cash	220.6M	-47.00M	$21.92M
YoY Change	-569.42%	-515.93%	-3711.2%
FREE CASH FLOW
Cash From Operating Activities	$116.5M	$62.00M	$109.6M
Capital Expenditures	-$99.67M	-$108.8M	-$137.0M
Free Cash Flow	$216.2M	$170.8M	$246.6M
YoY Change	26.56%	-46.99%	5.85%

Facts In Submission

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	dei	Entity Central Index Key EntityCentralIndexKey	0001528129
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2021-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-35380
	dei	Entity Registrant Name EntityRegistrantName	Laredo Petroleum, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	45-3007926
	dei	Entity Address Address Line1 EntityAddressAddressLine1	15 W. Sixth Street
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 900
	dei	Entity Address City Or Town EntityAddressCityOrTown	Tulsa
	dei	Entity Address State Or Province EntityAddressStateOrProvince	OK
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	74119
	dei	City Area Code CityAreaCode	918
	dei	Local Phone Number LocalPhoneNumber	513-4570
	dei	Security12b Title Security12bTitle	Common stock, $0.01 par value per share
	dei	Trading Symbol TradingSymbol	LPI
	dei	Security Exchange Name SecurityExchangeName	NYSE
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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CY2021Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2020Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1103000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1103000	USD
CY2021Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	416000	USD
CY2020Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-16000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1795000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	75000	USD
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-242330000	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-118576000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-421334000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	140459000	USD
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-133983000	USD
CY2020Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-552628000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-210184000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-475565000	USD
CY2021Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1322000	USD
CY2020Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-7173000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2084000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-4756000	USD
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1322000	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-7173000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2084000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4756000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-132661000	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-545455000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-470809000	USD
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-10.47
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-46.75
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-16.92
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-40.44
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-10.47
CY2020Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-46.75
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-16.92
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-40.44
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12674000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11667000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12298000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11642000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12674000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11667000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12298000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11642000	shares
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-68568000	USD
CY2021Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	451000	USD
CY2021Q2	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	USD
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1772000	USD
CY2021Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	45626000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-132661000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-154282000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	919221000	USD
CY2020Q2	lpi	Stock Issued During Period Value Reverse Stock Splits StockIssuedDuringPeriodValueReverseStockSplits	0	USD
CY2020Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2020Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	122000	USD
CY2020Q2	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	USD
CY2020Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2376000	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-545455000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	376020000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-21443000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1741000	USD
	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4510000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	72492000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-154282000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	841874000	USD
	lpi	Stock Issued During Period Value Reverse Stock Splits StockIssuedDuringPeriodValueReverseStockSplits	0	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	762000	USD
	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5717000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-470809000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	376020000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-470809000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3798000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4070000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	78085000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	127876000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1613000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	593147000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-371307000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	207299000	USD
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	-98781000	USD
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	134595000	USD
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	-9041000	USD
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	51070000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2099000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2274000	USD
	lpi	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	5764000	USD
	lpi	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	7242000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-13320000	USD
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-2084000	USD
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-4756000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	2497000	USD
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3341000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	26633000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-16110000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	4412000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-2584000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	12649000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	3130000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	9784000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	6912000	USD
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	21557000	USD
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	-10526000	USD
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	29952000	USD
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	12378000	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	4859000	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-4697000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	187697000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	171562000	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	0	USD
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	23563000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	166077000	USD
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	241939000	USD
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	1561000	USD
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	1761000	USD
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	1236000	USD
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	2069000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	307000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	728000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-168567000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-268604000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	245000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	120000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	100000000	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	1000000000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	264984000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15747000	USD
	us-gaap	Nature Of Operations NatureOfOperations	Organization and basis of presentation <div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%">a. Organization</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:130%"> </span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Laredo Petroleum, Inc. ("Laredo"), together with its wholly-owned 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, primarily in the Permian Basin of West Texas. The Company has identified one operating segment: exploration and production. 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.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%">b. Basis of presentation </span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The 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 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.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The 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 December 31, 2020 is derived from the Company's audited consolidated financial statements. In the opinion of management, the unaudited consolidated financial statements reflect all necessary adjustments to present fairly the Company's financial position as of June 30, 2021, results of operations for the three and six months ended June 30, 2021 and 2020 and cash flows for the six months ended June 30, 2021 and 2020.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Certain disclosures have been condensed or omitted from the unaudited consolidated financial statements. Accordingly, the unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the 2020 Annual Report.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Significant accounting policies</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">See Note 2 in the 2020 Annual Report for discussion of significant accounting policies.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The following table presents the Company's cash, cash equivalents and restricted cash as of the dates presented:</span></div><div style="margin-bottom:8pt;margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:58.695%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.344%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.347%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:1pt;font-weight:700;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">As of June 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">193,543 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,747 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,441 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total cash, cash equivalents and restricted cash</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">264,984 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,747 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:8pt;margin-top:3pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:130%">_____________________________________________________________________________</span></div><div style="margin-bottom:8pt;margin-top:4pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">(1) Under the terms of the Sabalo/Shad PSAs (defined below), the Company deposited into third-party escrow accounts an amount equal to $71.4 million, which is included in "Other noncurrent assets, net" on the unaudited consolidated balance sheets as of June 30, 2021.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Use of estimates in the preparation of interim unaudited consolidated financial statements</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The preparation of the 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 as of 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.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">See Note 2.b in the 2020 Annual Report for further information regarding the use of estimates and assumptions.</span></div>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	operating_segment
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	USD
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	808855000	USD
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	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
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	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	216227000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-25110000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48757000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	40857000	USD
CY2021Q2	lpi	Debt Issuance Costs Including Line Of Credit Arrangements Net DebtIssuanceCostsIncludingLineOfCreditArrangementsNet	16000000.0	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	193543000	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15747000	USD
CY2021Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	71441000	USD
CY2020Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	264984000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15747000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Use of estimates in the preparation of interim unaudited consolidated financial statements</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The preparation of the 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 as of 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.</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:130%">See Note 2.b in the 2020 Annual Report for further information regarding the use of estimates and assumptions.</span></div>
CY2021Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q2	lpi	Average Working Interest Core Operating Producing Wells Percent AverageWorkingInterestCoreOperatingProducingWellsPercent	0.97
CY2021Q2	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	8053975000	USD
CY2020Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	7874932000	USD
CY2021Q2	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	6889399000	USD
CY2020Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	6817949000	USD
CY2021Q2	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	1164576000	USD
CY2020Q4	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	1056983000	USD
CY2021Q2	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	62248000	USD
CY2020Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	70020000	USD
CY2021Q2	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	109681000	USD
CY2020Q4	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	112697000	USD
CY2021Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1368053000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1271711000	USD
CY2021Q2	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	USD
CY2020Q2	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	USD
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	USD
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	7586000	USD
CY2021Q2	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	0	USD
CY2020Q2	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	912000	USD
	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	0	USD
	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	16468000	USD
CY2021Q2	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	15313000	USD
CY2020Q2	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	3374000	USD
	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	19270000	USD
CY2020Q4	lpi	Bond Repurchase Program Authorized Amount BondRepurchaseProgramAuthorizedAmount	50000000.0	USD
CY2020Q2	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	18400000	USD
CY2021Q2	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	1500000	USD
	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	10084000	USD
CY2021Q2	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	87509000	USD
CY2020Q2	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	72567000	USD
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	152001000	USD
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	218725000	USD
CY2021Q2	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	102822000	USD
CY2020Q2	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	76853000	USD
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	171271000	USD
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	252863000	USD
CY2021Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	4848000	USD
CY2020Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	4092000	USD
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	9089000	USD
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	8597000	USD
CY2021Q2	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	36650000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2020Q2	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	63305000	USD
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	71375000	USD
	us-gaap	Depletion Of Oil And Gas Properties DepletionOfOilAndGasProperties	121057000	USD
CY2021Q2	lpi	Depletion Expense Per Physical Unitof Production DepletionExpensePerPhysicalUnitofProduction	4.69
CY2020Q2	lpi	Depletion Expense Per Physical Unitof Production DepletionExpensePerPhysicalUnitofProduction	7.39
	lpi	Depletion Expense Per Physical Unitof Production DepletionExpensePerPhysicalUnitofProduction	4.78
	lpi	Depletion Expense Per Physical Unitof Production DepletionExpensePerPhysicalUnitofProduction	7.36
	lpi	Discount Rate Full Cost Ceiling DiscountRateFullCostCeiling	0.10
CY2021Q2	lpi	Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense	0	USD
CY2020Q2	lpi	Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense	406448000	USD
	lpi	Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense	0	USD
	lpi	Unamortized Costs Capitalized Before Related Deferred Income Taxes Exceed Ceiling Limitations Expense UnamortizedCostsCapitalizedBeforeRelatedDeferredIncomeTaxesExceedCeilingLimitationsExpense	583630000	USD
CY2020Q4	lpi	Debt Issuance Costs Including Line Of Credit Arrangements Net DebtIssuanceCostsIncludingLineOfCreditArrangementsNet	17000000.0	USD
CY2021Q2	us-gaap	Accumulated Amortization Of Noncurrent Deferred Finance Costs AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts	24200000	USD
CY2020Q4	us-gaap	Accumulated Amortization Of Noncurrent Deferred Finance Costs AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts	22100000	USD
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CY2021Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12845000	USD
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CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1193957000	USD
CY2020Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	14691000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	1179266000	USD
CY2021Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2020Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2020Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	22500000	shares
CY2020Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2020Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2020Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2020Q2	lpi	Stock Shares Authorized StockSharesAuthorized	72500000	shares
CY2021Q1	us-gaap	Share Price SharePrice	34.24
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8414000	USD
CY2020Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1913000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11610000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4328000	USD
CY2021Q2	lpi	Derivative Number Of Types Of Instruments Held DerivativeNumberOfTypesOfInstrumentsHeld	3	derivative
CY2021Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-216942000	USD
CY2020Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-90537000	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-371307000	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	207299000	USD
CY2021Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-317551000	USD
CY2021Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-317551000	USD
CY2020Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-35984000	USD
CY2020Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-35984000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-132661000	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-545455000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-470809000	USD
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12674000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11667000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12298000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11642000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12674000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11667000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12298000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11642000	shares
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-10.47
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-46.75
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-16.92
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-40.44
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-10.47
CY2020Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-46.75
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-16.92
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-40.44
	lpi	Minimum Volume Commitments Deficiency Payments MinimumVolumeCommitmentsDeficiencyPayments	1100000	USD
	lpi	Minimum Volume Commitments Deficiency Payments MinimumVolumeCommitmentsDeficiencyPayments	0	USD
CY2021Q2	lpi	Minimum Volume Commitments Deficiency Payments Liability MinimumVolumeCommitmentsDeficiencyPaymentsLiability	3400000	USD
CY2021Q2	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	0	USD
CY2020Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	0	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	890000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	1822000	USD
	us-gaap	Interest Paid Net InterestPaidNet	49966000	USD
	us-gaap	Interest Paid Net InterestPaidNet	25595000	USD
	lpi	Asset Acquisition Contingent Consideration Fair Value Disclosure As Of Acquisition Date AssetAcquisitionContingentConsiderationFairValueDisclosureAsOfAcquisitionDate	0	USD
	lpi	Asset Acquisition Contingent Consideration Fair Value Disclosure As Of Acquisition Date AssetAcquisitionContingentConsiderationFairValueDisclosureAsOfAcquisitionDate	225000	USD
	lpi	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	4366000	USD
	lpi	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	-15024000	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	712000	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1647000	USD
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	730000	USD
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	1082000	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	7532000	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	2349000	USD
CY2020Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68326000	USD
CY2019Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	62718000	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	730000	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	1082000	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2301000	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2223000	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	150000	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	778000	USD
CY2021Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	71206000	USD
CY2020Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	65245000	USD
CY2021Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	532800000	USD
CY2021Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated RestructuringAndRelatedCostNumberOfPositionsEliminated	14	senior_officer
CY2021Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated Period Percent RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent	0.05
CY2020Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated RestructuringAndRelatedCostNumberOfPositionsEliminated	22	senior_officer

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$VTLE
Vital Energy, Inc. Stock $vtle

2021 Q2 Form 10-Q Financial Statement

#000152812921000129 Filed on August 05, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE Vital Energy, Inc. Stock $vtle

2021 Q2 Form 10-Q Financial Statement

#000152812921000129 Filed on August 05, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE
Vital Energy, Inc. Stock $vtle