Ultra Petroleum (UPL) Reports Q1 EPS of $1.49

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Go back to Ultra Petroleum (UPL) Reports Q1 EPS of $1.49

Ultra Petroleum Announces First Quarter 2017 Financial and Operating Results

May 3, 2017 7:45 AM EDT

HOUSTON, May 03, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ: UPL) announces financial and operating results for the first quarter of 2017. Highlights:

Successfully completed in-court restructuring and emerged from chapter 11, preserving significant value for existing equity holders and repaying creditors in full,Restructured company has significantly lower cost structure while retaining quality assets,Raised approximately $3.0 billion in exit financing,First quarter cash operating margins(10) improved to $2.33 per Mcfe, compared to $0.91 per Mcfe in the prior-year quarter, an improvement of 156%, andRevenues increased to... More