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Ultra Petroleum Third Quarter 2014 Announcement

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Ultra Petroleum Third Quarter 2014 Announcement

Ultra Petroleum Corp. has reported financial and operating performance for the third quarter of 2014.

Highlights for the quarter include: Produced 62.5 Bcfe of natural gas and oil Increased oil production 212 percent year over year Low per unit all-in costs of $3.18 per Mcfe with cash costs of $1.96 per Mcfe Generated solid margins in the third quarter of 2014 (adjusted): 57 percent operating cash flow margin(4) and 29 percent net income margin(3) Third Quarter Results

Ultra Petroleum reported adjusted net income(2) of $82.0 million, or $0.53 per diluted share for the third quarter of 2014. Operating cash flow(1) was $160.7 million, or $1.04 per diluted share for the quarter ended September 30, 2014. The company's reported net income was $125.4 million or $0.81 per diluted share for the…

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