Ultra Petroleum Announces Q1 Adjusted Earnings Per Share $0.28 [Reuters]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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ultrapetroleum.com
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Source: Reuters
Ultra Petroleum Corp (UPL.OQ) Key Developments | Reuters.com May 10 (Reuters) - Ultra Petroleum Corp ::ULTRA PETROLEUM ANNOUNCES FIRST QUARTER 2018 RESULTS, PROVIDES UPDATE ON HORIZONTAL PROGRAM & DEVELOPMENT PLAN.Q1 ADJUSTED EARNINGS PER SHARE $0.28.Q1 EARNINGS PER SHARE $0.24.Q1 REVENUE $225.4 MILLION VERSUS I/B/E/S VIEW $228.1 MILLION.Q1 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.Q1 PRODUCTION OF 72.3 BCFE INCREASED 13% COMPARED TO Q1 2017.REDUCED OPERATED RIG FLEET FROM 7 RIGS TO 4 IN QUARTER.DURING Q1 OF 2018, AVERAGE REALIZED NATURAL GAS PRICE $2.68 PER THOUSAND CUBIC FEET.ULTRA PETROLEUM - INCREASING 2018 ANNUAL PRODUCTION GUIDANCE TO 285 BCFE -295 BCFE.IN Q2, AVERAGE DAILY PRODUCTION RATE IS EXPECTED TO RANGE BETWEEN 780-800 MMCFE/D.LATER THIS YEAR, PLANS TO RELOCATE HEADQUARTERS FROM HOUSTON, TEXAS TO ENGLEWOOD, COLORADO.ULTRA PETROLEUM - PLANS TO DEVOTE "SIGNIFICANT" AMOUNT OF REMAINING CAPITAL SPENDING FOR 2018 TO DRILLING HORIZONTAL WELLS.ULTRA PETROLEUM - GA
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