UPL: Ultra Petroleum Corp. Instablogs

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Friday, May 3, 8:04 AM Ultra Petroleum (UPL): Q1 EPS of $0.38 beats by $0.11. Revenue of $225.6M beats by $14.15M. (PR) Comment! [Earnings, Breaking News]
Friday, May 3, 12:05 AM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Thursday, May 2, 5:30 PM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Thursday, March 21, 2:39 PM With natural gas prices up 12% in March, some NGL plays have been left behind, Cowen's Nicholas Pope writes. He favors SM Energy (SM +0.3%), which trades at only 3.9x his 2014 estimate for EBITDA and has rallied a mere 2% this month. Range Resources (RRC +0.8%) is another NGL name but it also has significant dry gas exposure; dry-gas exposed names have rallied 17% this month. Comment! [Energy, Quick Ideas]
Friday, February 15, 8:10 AM Ultra Petroleum (UPL): Q4 EPS of $0.51 in-line. Revenue of $217.2M misses by $44.23M. (PR) Comment! [Earnings, Breaking News]
Friday, February 15, 12:05 AM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Thursday, February 14, 5:30 PM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Friday, January 4, 3:53 PM Unseasonably high natural gas inventories going into mid-January support Sterne Agee's bearish outlook for gas amid what looks like another mild winter, as the firm suggests avoiding pure-play gas names such as Southwestern (SWN) and Ultra Petroleum (UPL). Only four companies have 40%-plus of 2013 estimated gas production hedged, the firm says: PXD, EGN, AREX, QEP. 2 Comments [Energy, Quick Ideas]
Monday, December 10, 2012, 8:36 AM Ultra Petroleum (UPL) agrees to sell a liquids gathering system in Wyoming's Pinedale field to CorEnergy Infrastructure Trust (CORR) for $225M. The LGS will continue to be operated by UPL under a long-term lease. Less than 25% of the Pinedale field, one of the top five natural gas fields in the U.S., has been developed. Comment! [Energy]
Thursday, November 1, 2012, 11:12 AM Ultra Petroleum (UPL): Q3 EPS of $0.64 beats by $0.13. Revenue of $196.3M misses by $78M. (PR) 2 Comments [Earnings, Energy]
Thursday, November 1, 2012, 12:05 AM Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL Comment! [Earnings]
Wednesday, October 31, 2012, 5:30 PM Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL Comment! [Earnings]
Monday, October 1, 2012, 2:53 PM We're "in the later innings" of the long-oil/short-gas trade but "not yet in the bottom of the ninth," Sterne Agee says, believing well-capitalized operators with sufficient scale in oil basins and/or optionality on natural gas should continue to outperform. Energen (EGN), Pioneer Natural (PXD) and Oasis Petroleum (OAS) are the firm's favorites; avoid pure gas plays SWN and UPL. 1 Comment [Energy, Quick Ideas]
Monday, September 24, 2012, 3:27 PM Ultra Petroleum (UPL -0.6%) CEO Mike Watford believes natural gas prices are on the cusp of a recovery driven by industry-wide supply cutbacks, and that higher prices should start to take hold next year, assuming a normal winter. Industry efforts to cut gas output are finally taking hold, he says, even though UPL's 2012 production will end up higher than in 2011. 2 Comments [Commodities, Energy]
Thursday, August 23, 2012, 10:40 AM Ultra Petroleum (UPL -3.2%) is reduced to Underperform with a $20 target at Sterne Agee, which calls shares overvalued and cites a muted outlook for natural gas in 2013. UPL is waiting for prices of $5/million BTUs to accelerate production, a scenario Sterne doesn’t foresee any time soon; the firm also says UPL may issue equity to fund a near-term liquids growth opportunity. 1 Comment [Energy, Quick Ideas, On the Move]
Thursday, August 2, 2012, 10:28 AM Ultra Petroleum (UPL): Q2 EPS of $0.36 beats by $0.04. Revenue of $170M (-39.3% Y/Y) misses by $96.24M. (PR) 1 Comment [Earnings]

UPL Ultra Petroleum Corp.

UPL

Ultra Petroleum Corp.