Ultra Petroleum Q1 Profit Decreases - Quick Facts

(RTTNews) - Ultra Petroleum Corp. (UPL) reported first-quarter net income of $25.19 million or $0.16 per share, compared to $101.72 million or $0.66 per share, last year. Adjusted net income was $21.1 million, or $0.14 per share for the first quarter of 2015.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues decreased to $219.31 million from $326.30 million, last year. Analysts expected revenue of $242.04 million for the quarter. For the first quarter of 2015, production of natural gas and oil was 70.4 billion cubic feet equivalent.