$VTLE
Vital Energy, Inc. Stock $vtle

$vtle Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000152812922000137 Filed on August 04, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$464.1M	$560.2M	$532.4M
YoY Change	22.38%	90.29%	112.76%
Cost Of Revenue	$106.1M	$94.52M	$167.5M
YoY Change	-17.92%	-14.56%	76.11%
Gross Profit	$358.0M	$465.6M	$364.9M
YoY Change	43.21%	153.43%	135.27%
Gross Profit Margin	77.14%	83.13%	68.54%
Selling, General & Admin	$11.86M	$17.00M	$21.94M
YoY Change	-21.0%	-19.44%	67.51%
% of Gross Profit	3.31%	3.65%	6.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$74.93M	$78.14M	$73.49M
YoY Change	19.54%	95.45%	92.85%
% of Gross Profit	20.93%	16.78%	20.14%
Operating Expenses	$88.56M	$94.40M	$96.46M
YoY Change	11.41%	51.68%	84.43%
Operating Profit	$263.3M	$371.2M	$268.5M
YoY Change	-0.91%	242.64%	161.14%
Interest Expense	$30.97M	$32.81M	$32.48M
YoY Change	1.85%	26.81%	25.17%
% of Operating Profit	11.76%	8.84%	12.1%
Other Income/Expense, Net	$70.43M	-$101.6M	-$356.1M
YoY Change	-155.8%	-58.07%	98.94%
Pretax Income	$333.8M	$269.6M	-$87.66M
YoY Change	139.24%	-301.25%	15.04%
Income Tax	-$3.768M	$7.092M	-$877.0K
% Of Pretax Income	-1.13%	2.63%
Net Earnings	$337.5M	$262.5M	-$86.78M
YoY Change	146.67%	-297.91%	15.03%
Net Earnings / Revenue	72.72%	46.87%	-16.3%
Basic Earnings Per Share	$20.27	$15.60	-$5.18
Diluted Earnings Per Share	$20.08	$15.41	-$5.18
COMMON SHARES
Basic Shares Outstanding	17.10M shares	16.83M shares	16.77M shares
Diluted Shares Outstanding	16.81M shares	17.04M shares	16.77M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$49.94M	$147.5M	$65.14M
YoY Change	-2.83%	-23.77%	47.04%
Cash & Equivalents	$49.94M	$147.5M	$65.14M
Short-Term Investments
Other Short-Term Assets	$16.25M	$15.48M	$17.77M
YoY Change	-5.62%	-17.09%	-31.99%
Inventory
Prepaid Expenses
Receivables	$162.9M	$205.8M	$213.5M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$248.1M	$374.0M	$302.4M
YoY Change	27.51%	23.49%	118.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.476B	$2.408B	$2.348B
YoY Change	25.87%	75.98%	80.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$52.80M	$56.57M	$42.49M
YoY Change	13.9%	-41.24%	129.86%
Total Long-Term Assets	$2.558B	$2.499B	$2.424B
YoY Change	23.9%	68.4%	81.33%
TOTAL ASSETS
Total Short-Term Assets	$248.1M	$374.0M	$302.4M
Total Long-Term Assets	$2.558B	$2.499B	$2.424B
Total Assets	$2.806B	$2.873B	$2.726B
YoY Change	24.21%	60.79%	84.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$86.21M	$62.75M	$73.23M
YoY Change	40.54%	26.05%	49.14%
Accrued Expenses	$55.73M	$64.76M	$69.02M
YoY Change	-14.32%	35.52%	76.07%
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	$527.3M	$799.4M	$775.5M
YoY Change	-8.27%	63.25%	165.36%
LONG-TERM LIABILITIES
Long-Term Debt	$1.182B	$1.291B	$1.422B
YoY Change	-12.47%	-1.14%	24.14%
Other Long-Term Liabilities	$25.57M	$30.59M	$18.09M
YoY Change	132.32%	217.77%	449.24%
Total Long-Term Liabilities	$1.207B	$1.322B	$1.440B
YoY Change	-11.3%	0.46%	25.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$527.3M	$799.4M	$775.5M
Total Long-Term Liabilities	$1.207B	$1.322B	$1.440B
Total Liabilities	$1.805B	$2.194B	$2.303B
YoY Change	-11.29%	13.01%	49.18%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.762B	-$2.099B	-$2.362B
YoY Change	-29.28%	-20.12%	-5.36%
Common Stock	$2.762B	$2.779B	$2.786B
YoY Change	1.73%	12.32%	14.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.001B	$679.5M	$423.8M
YoY Change
Total Liabilities & Shareholders Equity	$2.806B	$2.873B	$2.726B
YoY Change	24.21%	60.79%	84.85%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$337.5M	$262.5M	-$86.78M
YoY Change	146.67%	-297.91%	15.03%
Depreciation, Depletion And Amortization	$74.93M	$78.14M	$73.49M
YoY Change	19.54%	95.45%	92.85%
Cash From Operating Activities	$181.7M	$368.1M	$170.9M
YoY Change	82.76%	216.0%	140.17%
INVESTING ACTIVITIES
Capital Expenditures	-$154.7M	-$141.9M	-$145.8M
YoY Change	33.84%	42.32%	110.76%
Acquisitions
YoY Change
Other Investing Activities	$4.751M	$13.00K	-$5.851M
YoY Change	-102.03%	-87.85%	-3025.5%
Cash From Investing Activities	-$149.9M	-$141.8M	-$151.7M
YoY Change	-57.06%	42.46%	119.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-129.4M	-143.9M	-$10.85M
YoY Change	-457.56%	-170.63%	63.7%
NET CHANGE
Cash From Operating Activities	181.7M	368.1M	$170.9M
Cash From Investing Activities	-149.9M	-141.8M	-$151.7M
Cash From Financing Activities	-129.4M	-143.9M	-$10.85M
Net Change In Cash	-97.61M	82.41M	$8.339M
YoY Change	-54.3%	-62.65%	-285.52%
FREE CASH FLOW
Cash From Operating Activities	$181.7M	$368.1M	$170.9M
Capital Expenditures	-$154.7M	-$141.9M	-$145.8M
Free Cash Flow	$336.4M	$510.0M	$316.7M
YoY Change	56.46%	135.92%	125.67%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	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	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	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	Large Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	17104049	shares
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	147546000	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	56798000	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	205767000	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	151807000	usd
CY2022Q2	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	5174000	usd
CY2021Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	4346000	usd
CY2022Q2	us-gaap	Other Assets Current OtherAssetsCurrent	15476000	usd
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	22906000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	373963000	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	235857000	usd
CY2022Q2	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	9318212000	usd
CY2021Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	8968668000	usd
CY2022Q2	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	124182000	usd
CY2021Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	170033000	usd
CY2022Q2	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	7164277000	usd
CY2021Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	7019670000	usd
CY2022Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	2278117000	usd
CY2021Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	2119031000	usd
CY2022Q2	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	92690000	usd
CY2021Q4	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	96528000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	36761000	usd
CY2022Q2	lpi	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	64758000	usd
CY2021Q4	lpi	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	50585000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	34590000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2407568000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2250149000	usd
CY2022Q2	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	34905000	usd
CY2021Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	32963000	usd
CY2022Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	56573000	usd
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	32855000	usd
CY2022Q2	us-gaap	Assets Assets	2873009000	usd
CY2021Q4	us-gaap	Assets Assets	2551824000	usd
CY2022Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	62752000	usd
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	71386000	usd
CY2022Q2	lpi	Undistributed Revenue And Accrued Royalties Current UndistributedRevenueAndAccruedRoyaltiesCurrent	257398000	usd
CY2021Q4	lpi	Undistributed Revenue And Accrued Royalties Current UndistributedRevenueAndAccruedRoyaltiesCurrent	117920000	usd
CY2022Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	274409000	usd
CY2021Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	179809000	usd
CY2022Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	140059000	usd
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	107213000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	799376000	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	526913000	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1291242000	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1425858000	usd
CY2022Q2	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	2089000	usd
CY2021Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	usd
CY2022Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	70254000	usd
CY2021Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	69057000	usd
CY2022Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	30592000	usd
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	16216000	usd
CY2022Q2	us-gaap	Liabilities Liabilities	2193553000	usd
CY2021Q4	us-gaap	Liabilities Liabilities	2038044000	usd
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2021Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	40000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	22500000	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17212383	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17212383	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17074516	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17074516	shares
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	172000	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	171000	usd
CY2022Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2778538000	usd
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2788628000	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2099254000	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2275019000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	679456000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	513780000	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2873009000	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2551824000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	560156000	usd
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	294371000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1092551000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	544601000	usd
CY2022Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	42014000	usd
CY2021Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	19771000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	82890000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	38689000	usd
CY2022Q2	us-gaap	Production Tax Expense ProductionTaxExpense	33001000	usd
CY2021Q2	us-gaap	Production Tax Expense ProductionTaxExpense	14737000	usd
	us-gaap	Production Tax Expense ProductionTaxExpense	60488000	usd
	us-gaap	Production Tax Expense ProductionTaxExpense	28020000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	16999000	usd
CY2021Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21101000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	38943000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	34174000	usd
CY2022Q2	us-gaap	Restructuring Charges RestructuringCharges	0	usd
CY2021Q2	us-gaap	Restructuring Charges RestructuringCharges	9800000	usd
	us-gaap	Restructuring Charges RestructuringCharges	0	usd
	us-gaap	Restructuring Charges RestructuringCharges	9800000	usd
CY2022Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	78135000	usd
CY2021Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	39976000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	333451000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	151627000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	78085000	usd
CY2022Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2021Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1613000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1613000	usd
CY2022Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	736000	usd
CY2021Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2899000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-283000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4042000	usd
CY2022Q2	us-gaap	Costs And Expenses CostsAndExpenses	188920000	usd
CY2021Q2	us-gaap	Costs And Expenses CostsAndExpenses	186024000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	452859000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	639692000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	371236000	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	108347000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	211150000	usd
CY2022Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-65927000	usd
CY2021Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-216942000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-391743000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-371307000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	32807000	usd
CY2021Q2	us-gaap	Interest Expense InterestExpense	25870000	usd
	us-gaap	Interest Expense InterestExpense	65284000	usd
	us-gaap	Interest Expense InterestExpense	51816000	usd
CY2022Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-798000	usd
CY2021Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-798000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	38000	usd
CY2021Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	66000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-222000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-6000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2104000	usd
CY2021Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	416000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	335000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1795000	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-101598000	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-242330000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-457712000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-421334000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	269638000	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-133983000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	181980000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-210184000	usd
CY2022Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	4513000	usd
CY2021Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	5731000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
CY2022Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2579000	usd
CY2021Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1322000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	484000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2084000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7092000	usd
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1322000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6215000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2084000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	262546000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-132661000	usd
	us-gaap	Net Income Loss NetIncomeLoss	175765000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	15.60
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-10.47
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	10.46
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17040000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-16.92
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	15.41
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12298000	shares
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	423788000	usd
CY2022Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	9071000	usd
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-10.47
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	10.31
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-16.92
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16834000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12674000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16800000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12298000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17039000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12674000	shares
CY2022Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	742000	usd
CY2022Q2	us-gaap	Treasury Stock Retired Cost Method Amount TreasuryStockRetiredCostMethodAmount	0	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2935000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	262546000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	679456000	usd
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
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	513780000	usd
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	9071000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	6589000	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	5571000	usd
	us-gaap	Net Income Loss NetIncomeLoss	175765000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	679456000	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
	us-gaap	Net Income Loss NetIncomeLoss	175765000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4657000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	3798000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	151627000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	78085000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1613000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-391743000	usd
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-371307000	usd
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	-297824000	usd
	lpi	Cash Settlements Of Matured Derivative Financial Instruments Net CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet	-98781000	usd
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	0	usd
	lpi	Premiums Paid Received For Derivative Financial Instruments PremiumsPaidReceivedForDerivativeFinancialInstruments	-9041000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	3214000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2099000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	10735000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	5764000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-798000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	484000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-2084000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	2497000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1345000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	53960000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	26633000	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-6844000	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	4412000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	34057000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	12649000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-8634000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	9784000	usd
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	139460000	usd
	lpi	Increase Decrease In Undistributed Revenue And Accrued Royalties IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties	21557000	usd
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	32819000	usd
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	29952000	usd
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	13991000	usd
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	4859000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	539007000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	187697000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	7887000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	0	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	282750000	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	166077000	usd
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	689000	usd
	lpi	Payments To Acquire Midstream Service Assets PaymentsToAcquireMidstreamServiceAssets	1561000	usd
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	4263000	usd
	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	1236000	usd
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2049000	usd
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	307000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-293540000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-168567000	usd
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	135000000	usd
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	245000000	usd
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	240000000	usd
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	120000000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	32334000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	72492000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9071000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	6589000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1741000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1725000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1452000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	2798000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-154719000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	197097000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	90748000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	216227000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	56798000	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48757000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	147546000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	264984000	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%">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, is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties 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%">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 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, 2021 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, 2022, results of operations for the three and six months ended June 30, 2022 and 2021 and cash flows for the six months ended June 30, 2022 and 2021.</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 2021 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%">Reclassifications</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 prior period amounts have been reclassified to conform to the current period financial statement presentation. There was no impact on previously reported total assets, total liabilities, net income (loss) or stockholders' equity for the periods presented.</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%">There have been no material changes in the Company's significant accounting policies during the six months ended June 30, 2022. See Note 2 in the 2021 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-style:italic;font-weight:400;line-height:130%">Use of estimates</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 in the 2021 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	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<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%">Reclassifications</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 prior period amounts have been reclassified to conform to the current period financial statement presentation. There was no impact on previously reported total assets, total liabilities, net income (loss) or stockholders' equity for the periods presented.</span></div>
	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-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 in the 2021 Annual Report for further information regarding the use of estimates and assumptions.</span></div>
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	9318212000	usd
CY2021Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	8968668000	usd
CY2022Q2	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	7164277000	usd
CY2021Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	7019670000	usd
CY2022Q2	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	2153935000	usd
CY2021Q4	lpi	Capitalized Costs Proved Properties Net CapitalizedCostsProvedPropertiesNet	1948998000	usd
CY2022Q2	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	124182000	usd
CY2021Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	170033000	usd
CY2022Q2	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	92690000	usd
CY2021Q4	lpi	Midstream Service Assets Net MidstreamServiceAssetsNet	96528000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2407568000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2250149000	usd
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2022Q2	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	usd
CY2021Q2	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	4780000	usd
	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	0	usd
CY2022Q2	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	17000	usd
CY2021Q2	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	3291000	usd
	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	0	usd
CY2022Q2	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	7604000	usd
CY2021Q2	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	15313000	usd
	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	14357000	usd
	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	19270000	usd
CY2022Q2	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	127892000	usd
CY2021Q2	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	87509000	usd
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	289507000	usd
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	152001000	usd
CY2022Q2	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	135513000	usd
CY2021Q2	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	102822000	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	311935000	usd
	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	171271000	usd
CY2022Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	4366000	usd
CY2021Q2	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	4848000	usd
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	8709000	usd
	lpi	Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred	9089000	usd
CY2022Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1306931000	usd
CY2022Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	15689000	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	1291242000	usd
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1443957000	usd
CY2021Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	18099000	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	1425858000	usd
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	22500000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	40000000	shares
CY2022Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	200000000	usd
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	7000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	2000	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	5000	shares
CY2022Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions	32700000	usd
	lpi	Share Based Payment Arrangement Nonvested Award Excluding Option Cost Not Yet Recognized Amount Expected To Be Settled In Cash ShareBasedPaymentArrangementNonvestedAwardExcludingOptionCostNotYetRecognizedAmountExpectedToBeSettledInCash	10100000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y1M9D
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3059000	usd
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8414000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11240000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	11610000	usd
CY2022Q2	lpi	Derivative Number Of Types Of Instruments Held DerivativeNumberOfTypesOfInstrumentsHeld	2	derivative
CY2022Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-65927000	usd
CY2021Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-216942000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-391743000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-371307000	usd
CY2022Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-236419000	usd
CY2022Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-236419000	usd
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-142500000	usd
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-142500000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	262546000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-132661000	usd
	us-gaap	Net Income Loss NetIncomeLoss	175765000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-208100000	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16834000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12674000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16800000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12298000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17039000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12674000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17040000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12298000	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	15.60
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-10.47
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	10.46
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	15.41
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-16.92
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-10.47
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	10.31
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-16.92
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	2606000	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	890000	usd
	us-gaap	Interest Paid Net InterestPaidNet	67995000	usd
	us-gaap	Interest Paid Net InterestPaidNet	49966000	usd
CY2022Q2	us-gaap	Restricted Cash RestrictedCash	0	usd
CY2021Q2	us-gaap	Restricted Cash RestrictedCash	71441000	usd
	lpi	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	14173000	usd
	lpi	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	4366000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	914000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	712000	usd
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	217000	usd
	lpi	Capitalized Asset Retirement Cost CapitalizedAssetRetirementCost	730000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	33985000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	7532000	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72003000	usd
CY2020Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68326000	usd
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	217000	usd
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	730000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1992000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	2301000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	986000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	151000	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	73226000	usd
CY2021Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	71206000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	398200000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.02
CY2021Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated RestructuringAndRelatedCostNumberOfPositionsEliminated	14	employee
CY2021Q2	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated Period Percent RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent	0.05

Files In Submission

Name	View Source	Status
0001528129-22-000137-index-headers.html	Edgar Link	pending
0001528129-22-000137-index.html	Edgar Link	pending
0001528129-22-000137.txt	Edgar Link	pending
0001528129-22-000137-xbrl.zip	Edgar Link	pending
a2q22ex104.htm	Edgar Link	pending
a2q22ex311.htm	Edgar Link	pending
a2q22ex312.htm	Edgar Link	pending
a2q22ex321.htm	Edgar Link	pending
a2q22ex951.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lpi-20220630.htm	Edgar Link	pending
lpi-20220630.xsd	Edgar Link	pending
lpi-20220630_cal.xml	Edgar Link	unprocessable
lpi-20220630_def.xml	Edgar Link	unprocessable
lpi-20220630_htm.xml	Edgar Link	completed
lpi-20220630_lab.xml	Edgar Link	unprocessable
lpi-20220630_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$VTLE
Vital Energy, Inc. Stock $vtle

2022 Q3 Form 10-Q Financial Statement

#000152812922000137 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE Vital Energy, Inc. Stock $vtle

2022 Q3 Form 10-Q Financial Statement

#000152812922000137 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VTLE
Vital Energy, Inc. Stock $vtle