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Last $11.48 USD
Change Today -0.13 / -1.12%
Volume 2.3M
UPL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

ultra petroleum corp (UPL) Key Developments

Ultra Petroleum Corp.(NYSE:UPL) added to Russell 2000 Index

Ultra Petroleum Corp. will be added to Russell 2000 Index

Ultra Petroleum Corp.(NYSE:UPL) dropped from Russell 1000 Index

Ultra Petroleum Corp. will be removed from Russell 1000 Index.

Ultra Petroleum Corp. Presents at 11th Annual Hotter ‘N Hell Energy Conference, Jun-17-2015

Ultra Petroleum Corp. Presents at 11th Annual Hotter ‘N Hell Energy Conference, Jun-17-2015 . Venue: The Houstonian Hotel, 111 North Post Oak Lane, Houston, TX, 77024, United States.

Ultra Petroleum Corp. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Full Year 2015

Ultra Petroleum Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $219,309,000 against $326,299,000 a year ago. Income before income taxes was $23,167,000 against $101,719,000 a year ago. Net income was $25,189,000 or $0.16 per basic and diluted share against $101,715,000 or $0.66 per basic and diluted share a year ago. Adjusted net income was $21,089,000 or $0.14 per diluted share against $138,034,000 or $0.89 per diluted share a year ago. Operating cash flow was $111,370,000 against $201,082,000 a year ago. Diluted cash flow per share was $0.72 compared to $1.30 a year ago. Adjusted operating cash flow margin was 45% compared to $63% a year ago. Net cash provided by operating activities was $121,799,000 against $175,575,000 a year ago. Capital expenditures were $132 million, which should be the high for any quarter of 2015. EBITDA was $156 million. For the quarter, the company produced 70,411,061 Mcfe compared to 57,240,468 Mcfe a year ago. The company produced natural gas of 64,704,365 Mcf compared to 53,292,174 Mcf a year ago. Production of Oil and condensate was 951,116 Bbls compared to 658,049 Bbls a year ago. During the first quarter, Ultra Petroleum and its partner drilled 47 gross (30 net) Pinedale wells and placed on production 40 gross (29 net) wells. The first quarter average initial production (IP) rate for new operated wells brought online was 8.4 million cubic feet equivalent (MMcfe) per day. Wyoming's production averaged 693 MMcfe per day which is comprised of 663 million cubic feet per day of gas and 5,018 barrels per day of condensate. Total production during the first quarter was 62.4 Bcfe. For the year 2015, the company is increasing its full-year 2015 production guidance to between 280 Bcfe to 290 Bcfe from the previous range of 275 Bcfe to 285 Bcfe while reaffirming its $460.0 million capital investment program. At the mid-point of guidance, it represents 14% annual production growth from 2014. It is expected that quarterly production for the remainder of the year will steadily increase building on first quarter volumes. The company projects a zero book tax rate for 2015 and anticipates additional tax refunds during the year.

Ultra Petroleum Corp., Q1 2015 Earnings Call, Apr 30, 2015

Ultra Petroleum Corp., Q1 2015 Earnings Call, Apr 30, 2015

 

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Industry Analysis

UPL

Industry Average

Valuation UPL Industry Range
Price/Earnings 3.8x
Price/Sales 1.6x
Price/Book 7.4x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful
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