HOUSTON, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) (“Ultra” or the “Company”) today announced the closing of its previously announced $175.0 million incremental senior secured term loan offering (the “Incremental Term Loan”). The Incremental Term Loan bears interest at LIBOR plus 300 basis points with a 1% LIBOR floor. Pro forma for the transaction, the [...]
HOUSTON, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announced today its intention to work collaboratively with Fir Tree Partners (“Fir Tree”), its largest shareholder, to pursue value-maximizing strategies. Michael D. Watford, President, Chairman and CEO, said, “We are very engaged with all of our stakeholders, including a constructive dialog with Fir Tree Partners, and share [...]
HOUSTON, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) confirmed that late yesterday, the bankruptcy court overseeing its earlier restructuring proceedings denied the Company’s objection to certain make-whole and post-petition interest claims that remained following its emergence from chapter 11. "We are disappointed and strongly disagree with the ruling. We are reviewing the opinion with our [...]
HOUSTON, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following operational and financial updates: Operational Update Production As of September 15, 2017, Ultra’s total net daily production increased 8% to 796 million cubic feet equivalent (MMcfe) per day compared to an average of 738 MMcfe per day during the second quarter of 2017. Operations Quarter-to-date through September [...]
Ultra Petroleum announces the following Webcast to discuss its second quarter 2017 financial and operating results: What: Ultra Petroleum Second Quarter 2017 Results Webcast When: August 9, 2017 at 11:00 a.m. Eastern Daylight Time Where: How: Live over the internet via the website address above Contact: Sandi Kraemer, skraemer@ultrapetroleum.com, 281-582-6613 If you are unable to participate during the live Webcast, the [...]
Ultra Petroleum announces financial and operating results for the second quarter of 2017. Highlights: Reported net income of $499.0 million; Adjusted net income(2) of $51.0 million compared to $37.9 million in the prior year comparable quarter, Generated positive free cash flow (operating cash flow(1) less capital expenditures) for the six months of $36.6 million, Revenues increased to $212.7 million, a 45% increase from [...]
HOUSTON, July 26, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following Webcast to discuss its second quarter 2017 financial and operating results: What: Ultra Petroleum Corp. Second Quarter 2017 Results Webcast When: August 9, 2017 at 11:00 a.m. Eastern Daylight Time Where: http://www.ultrapetroleum.com How: Live over the internet via the website address above Contact: Sandi Kraemer [...]
HOUSTON, July 06, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (the "Company") (NASDAQ:UPL) confirms that it has entered into a mutual stipulation and settlement agreement with Cross Sound Management, fully resolving the ongoing litigation between the parties. As a result of this settlement, the last remaining objection to the implementation of the Company's Plan of Reorganization has been resolved. About Ultra [...]
HOUSTON, June 12, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total [...]
HOUSTON, May 3, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (NASDAQ: UPL) announces the following Webcast to discuss its first quarter 2017 financial and operating results: What: Ultra Petroleum Corp. First Quarter 2017 Results Webcast When: May 3, 2017 at 11:00 a.m. Eastern Daylight Time Where: http://www.ultrapetroleum.com ...
HOUSTON, May 03, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces financial and operating results for the first quarter of 2017. Highlights: Successfully completed in-court restructuring and emerged from chapter 11, preserving significant value for existing equity holders and repaying creditors in full, Restructured company has significantly lower cost structure while retaining quality assets, Raised [...]
HOUSTON, April 27, 2017 /CNW/ -- Ultra Petroleum Corp. (NASDAQ: UPL) announced today that, on April 26, 2017, it filed a shelf registration statement with the Securities and Exchange Commission with respect to possible secondary sales of the company's common stock by the selling shareholders named in the shelf registration statement. Ultra Petroleum is not selling any of its common stock and will not receive any proceeds [...]