Ultra Petroleum Reports Profit In Q2 - Quick Facts

(RTTNews) - Ultra Petroleum Corp. (UPL) reported second-quarter net income of $116.38 million or $0.75 per share, compared to a loss of $1.19 billion or $7.76 per share, prior year. Adjusted net income was $71.89 million or $0.47 per share for the quarter.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues rose to $261.38 million, from $170.27 million, last year. Analysts expected revenue of $234.98 million for the quarter.