Ultra Petroleum (UPL) Misses Q2 EPS by 10c

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Go back to Ultra Petroleum (UPL) Misses Q2 EPS by 10c

Ultra Petroleum Announces Second Quarter 2017 Financial and Operating Results

August 9, 2017 7:45 AM EDT

HOUSTON, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ: UPL) announces financial and operating results for the second quarter of 2017. Highlights:

Reported net income of $499.0 million; Adjusted net income(2) of $51.0 million compared to $37.9 million in the prior year comparable quarter,Generated positive free cash flow (operating cash flow(1) less capital expenditures) for the six months of $36.6 million,Revenues increased to $212.7 million, a 45% increase from the prior year quarter,Second quarter cash operating margins(10) improved to $2.11 per Mcfe, compared to $1.20 per Mcfe in the prior-year... More