Operating cash flow
Falling operating cash flow
In 2015 and 2016, Ultra Petroleum reported lower operating cash flow compared to the preceding years. In 1Q16, Ultra Petroleum reported its lowest ever operating cash flow of ~-$4 million due to lower production and lower realized natural gas (UNG) prices.
Free cash flow
In 4Q16, Ultra Petroleum spent ~$80 million in capital expenditure, meaning that its free cash flow was positive at ~$57 million, or $0.37 per share.