How Much Cash Did Ultra Petroleum Generate in 3Q16?



Ultra Petroleum’s 3Q16 cash flow

For 3Q16, Ultra Petroleum (UPL) (UPLMQ) reported cash flow of $0.84 per share. It’s ~24% lower compared to 3Q15.

In 1Q16, Ultra Petroleum reported the lowest cash flow ever of -$0.02 per share due to the lowest realized natural gas (UNG) prices ever. In the subsequent quarters in 2016, Ultra Petroleum reported higher cash flows due to rising natural gas prices.

Article continues below advertisement

Other upstream players

Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies reported lower year-over-year cash flows. Southwestern Energy (SWN), Murphy Oil (MUR), and Range Resources (RRC) reported $0.36 per share, $0.96 per share, and $0.18 per share, respectively, in cash flows in 3Q16.


More From Market Realist