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How Much Cash Did Ultra Petroleum Generate in 3Q16?

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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.

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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.

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