Past year: ▼ 14%(99.0c – 1.65 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2014business combination● Neutral
This is Amendment No. 2 to the registration for exchanging the $450 million 5.750% senior notes due 2018 for registered notes. The text provided repeats the same exchange offer terms (up to $450 million, no proceeds to Ultra, identical terms to the old notes) and still shows a blank expiry date, so the offer has not yet launched. The excerpt shows no new figures or business developments; any changes in the truncated portion are not visible here.
19 Nov 2014business combination● Neutral
This is Amendment No. 1 to the exchange offer registration for the 5.750% notes due 2018. It only changes Item 21 of Part II (exhibits) and files certain exhibits; it makes no change to the prospectus itself. It carries no new financial or business information.
30 Oct 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $125.4 million for the period ended 2014-09-30.
30 Oct 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $125.4 million for the period ended 2014-09-30.
20 Oct 2014business combination● Neutral
Ultra filed a registration statement to swap its $450 million 5.750% senior notes due 2018 (issued Dec 12, 2013 to fund the Uinta purchase) for identical notes registered with the SEC. Terms are the same apart from the removal of transfer restrictions and registration rights, and Ultra receives no proceeds. This is the exchange offer registration promised when the notes were issued, and it does not change Ultra's debt or shareholders' position. It covers only the 2018 notes; the 2024 notes are not mentioned in the text provided.
1 Oct 2014asset acquisition disposition● NeutralMajor
This amendment to the Sept 25 report on the Shell affiliate SWEPI deal adds the financial statements and pro forma figures for the Pinedale properties Ultra acquired. It also gives the actual price: after adjustments the cash payment was $983.0 million, up from the $925.0 million headline figure, and it is still subject to further post-closing adjustments. The properties are about 19,600 net mineral acres in Wyoming; Ultra gave up about 155,000 net acres in Pennsylvania. The acquired properties had revenues of $358.3 million in 2013 (vs $313.4 million in 2012) and revenues in excess of direct operating expenses of $159.3 million (vs $96.4 million). These figures leave out items such as depreciation, G&A and taxes, so they are not full profit figures. This resolves the open thread on the filing of the acquisition financials and on final price adjustments, in part, since further adjustments are still possible.
26 Sept 2014asset acquisition disposition● NeutralMajor
On Sept 25, 2014 Ultra completed the SWEPI (Shell affiliate) transaction: it paid $925.0 million cash (subject to adjustments), acquired oil and gas properties in Sublette County, Wyoming (the Pinedale field) and disposed of certain Pennsylvania properties. This completes the deal signed in August; the filing gives no further figures on the Pennsylvania assets given up.
22 Sept 2014debt financing● NeutralMajor
On Sept 18, 2014 Ultra closed the $850.0 million 6.125% senior notes due Oct 1, 2024, sold at par with net proceeds of $838.5 million, held in escrow until the Pinedale acquisition closes. The notes must be redeemed at par if Pinedale does not close within sixty days of issue; the filing also describes the indenture covenants and a registration rights agreement to exchange the notes for registered ones.
8 Sept 2014substantial holder notice● Neutral
Davis Selected Advisers, L.P, Davis New York Venture Fund disclosed a new substantial ULTRA PETROLEUM CORP shareholding (12.60% of votes).
5 Sept 2014material agreement● NeutralMajor
On Sept 4, 2014 Ultra priced a private offering of $850.0 million of 6.125% senior unsecured notes due 2024, upsized from the $700.0 million first announced, to fund part of the Pinedale purchase from Shell's affiliate. The notes were to close into escrow and be released only when the Pinedale deal closes; if it does not close within sixty days of the issue date (or the agreement is terminated), Ultra must redeem them at par plus interest.
19 Aug 2014material agreement● NeutralMajor
On Aug 13, 2014 Ultra agreed to buy all of Shell affiliate SWEPI LP's Pinedale field properties in Wyoming, giving SWEPI $925.0 million in cash plus a portion of Ultra's Marcellus Shale properties (the news release says about 155,000 net acres in Tioga and Potter counties, roughly 100 MMcfe/day of gas production). Ultra paid a $25.0 million deposit, the effective date is April 1, 2014, and closing was expected in Q3 2014; Ultra said it expects to fund it with new debt at the subsidiary and parent level. This builds on its core Pinedale position and reduces its Pennsylvania Marcellus holding.
31 July 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $106.0 million for the period ended 2014-06-30.
31 July 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $106.0 million for the period ended 2014-06-30.
2 May 2014substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial ULTRA PETROLEUM CORP shareholding (5.50% of votes).
1 May 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $101.7 million for the period ended 2014-03-31.
1 May 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $101.7 million for the period ended 2014-03-31.
20 Feb 2014quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $41.1 million for the period ended 2013-12-31.
13 Feb 2014substantial holder notice● Neutral
Capital Research Global Investors ** reported a ULTRA PETROLEUM CORP shareholding of 13,868,000 shares (9.10% of votes) in a periodic institutional filing.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial ULTRA PETROLEUM CORP shareholding (6.79% of votes).
11 Feb 2014substantial holder notice● Neutral
Invesco Ltd. IRS # disclosed a new substantial ULTRA PETROLEUM CORP shareholding (5.70% of votes).
12 Dec 2013asset acquisition disposition● NeutralMajor
Ultra closed the Utah Uinta Basin purchase from Axia Energy on Dec 12, 2013 at a contract price of $650.0 million (subject to adjustments), the deal announced in October. It paid for it with $450.0 million of 5.750% senior unsecured notes due 2018 (net proceeds $442.1 million) plus $207.7 million borrowed on its revolving credit facility, so the company now carries more debt.
1 Nov 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $63.9 million for the period ended 2013-09-30.
1 Nov 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $63.9 million for the period ended 2013-09-30.
24 Oct 2013material agreement● NeutralMajor
On Oct 18, 2013 a subsidiary agreed to buy oil-producing properties and undeveloped acreage in Utah's Uinta Basin from Axia Energy, LLC for an initial $650.0 million, with a $22.5 million escrow deposit and closing expected in December 2013. The press release says Ultra will operate with a 100% working interest, current net production is 4,000 barrels of oil per day from 38 wells, and the deal will be financed with debt at the subsidiary and parent level. It is Ultra's first oil-focused asset alongside its gas holdings in Wyoming and Pennsylvania.
2 Aug 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $116.4 million for the period ended 2013-06-30.
2 Aug 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $116.4 million for the period ended 2013-06-30.
6 May 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $16.4 million for the period ended 2013-03-31.
3 May 2013quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $16.4 million for the period ended 2013-03-31.
8 Apr 2013substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Investment Managemen reported a ULTRA PETROLEUM CORP shareholding of 176,905 shares (1.00% of votes) in a periodic institutional filing.
11 Mar 2013substantial holder notice● Neutral
BlackRock, Inc reported a ULTRA PETROLEUM CORP shareholding of 6,427,591 shares (4.20% of votes) in a periodic institutional filing.
