How Much Cash Did Ultra Petroleum Generate in 2Q16?



Ultra Petroleum’s 2Q16 cash flow

For 2Q16, Ultra Petroleum (UPL) (UPLMQ) reported cash flow of $0.23 per share, which is lower by ~71% when compared with 2Q15.

As seen in the above chart, in 1Q16, Ultra Petroleum reported its lowest-ever cash flow of -$0.02 per share due to lower realized natural gas (UNG) prices.

For 2Q16, Ultra Petroleum reported negative free cash flow of about -$0.06 per share.

On June 30, 2016, Ultra Petroleum’s cash and cash equivalent stood at ~$269 million (or ~$1.76 per share), and its total debt stood at ~$3.8 billion.

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Other upstream players

Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies have reported lower year-over-year cash flows. Marathon Oil (MRO), Denbury Resources (DNR), and Pioneer Natural Resources (PXD) reported $0.10 per share, $0.01 per share, and $0.69 per share, respectively, in cash flows in 1Q16.


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