10 Nov 2010substantial holder notice● Neutral
Wellington Management Company, LLP reported a ULTRA PETROLEUM CORP shareholding of 15,847,324 shares (10.39% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $162.6 million for the period ended 2010-09-30.
4 Nov 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $162.6 million for the period ended 2010-09-30.
15 Oct 2010debt financing● NeutralMajor
On Oct 12, 2010 Ultra Resources issued $525 million of senior notes under a Third Supplement to the 2008 master agreement: $315 million at 4.51% due 2020, $35 million at 4.66% due 2022 and $175 million at 4.91% due 2025. They rank equally with the bank facility and earlier notes and are guaranteed by Ultra Petroleum and UP Energy. Proceeds repay bank debt and fund general corporate purposes without shrinking the revolver. The press release says 152,479,188 shares were outstanding at Sept 30, 2010.
30 July 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $61.5 million for the period ended 2010-06-30.
30 July 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $61.5 million for the period ended 2010-06-30.
5 May 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $202.4 million for the period ended 2010-03-31.
5 May 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $202.4 million for the period ended 2010-03-31.
24 Feb 2010asset acquisition disposition● NeutralMajor
On Feb 22, 2010 Ultra completed the Pennsylvania acquisition announced in December 2009, buying from NCL Appalachian Partners, L.P. and affiliates. It paid $333 million in cash for 78,221 net mineral acres in the Marcellus Shale plus a small number of producing gas wells. The $333 million is below the roughly $400 million initial price in the December agreement; the filing does not say why.
16 Feb 2010substantial holder notice● Neutral
Janus Capital Management LLC EIN # disclosed a new substantial ULTRA PETROLEUM CORP shareholding (5.30% of votes).
12 Feb 2010substantial holder notice● Neutral
Morgan Stanley I.R.S. # reported a ULTRA PETROLEUM CORP shareholding of 16,887,289 shares (11.20% of votes) in a periodic institutional filing.
12 Feb 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $95.4 million for the period ended 2009-12-31.
12 Feb 2010substantial holder notice● Neutral
Wellington Management Company, LLP reported a ULTRA PETROLEUM CORP shareholding of 8,313,808 shares (5.49% of votes) in a periodic institutional filing.
12 Feb 2010quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $95.4 million for the period ended 2009-12-31.
1 Feb 2010debt financing● NeutralMajor
Ultra Resources agreed to issue $500 million of senior notes under a Second Supplement to its 2008 master agreement: $270 million issued Jan 28, 2010 and $230 million due to be issued Feb 16, 2010. Coupons run from 4.98% (due 2017) to 5.85% (due 2025). The notes rank equally with the bank facility and earlier notes, and proceeds from the first part repay bank debt and fund general corporate purposes without reducing the revolver. This is a third round of note issuance following those in 2008 and 2009.
23 Dec 2009material agreement● NeutralMajor
A subsidiary agreed on Dec 18, 2009 to buy undeveloped acreage and producing properties in Pennsylvania from a private seller for an initial price of about $400 million, subject to adjustments. Ultra put $25 million into escrow as earnest money and expects to close in late February 2010. This builds on its earlier Appalachian Basin exploration in Pennsylvania.
30 Oct 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $8.3 million for the period ended 2009-09-30.
30 Oct 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $8.3 million for the period ended 2009-09-30.
22 Sept 2009securities registration● Neutral
ULTRA PETROLEUM CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
4 Aug 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $25.5 million for the period ended 2009-06-30.
4 Aug 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $25.5 million for the period ended 2009-06-30.
6 May 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $512.6 million for the period ended 2009-03-31.
6 May 2009quarterly activities report▼ Bad
ULTRA PETROLEUM CORP reported a quarterly net loss of $512.6 million for the period ended 2009-03-31.
10 Mar 2009debt financing● NeutralMajor
On March 5, 2009 Ultra Resources issued a further $235 million of senior notes under the March 2008 master agreement: $173 million at 7.77% due 2019 and $62 million at 7.31% due 2016. They rank equally with the bank facility and are guaranteed by Ultra Petroleum and UP Energy. Proceeds repaid bank debt without shrinking the revolver, adding to the $300 million of notes issued in 2008.
17 Feb 2009substantial holder notice● Neutral
Wellington Management Company, LLP reported a ULTRA PETROLEUM CORP shareholding of 11,972,908 shares (7.96% of votes) in a periodic institutional filing.
17 Feb 2009substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Investment Managemen reported a ULTRA PETROLEUM CORP shareholding of 17,725,370 shares (11.80% of votes) in a periodic institutional filing.
5 Nov 2008financial restatement▼ BadMajor
Ultra's audit committee decided on Oct 31, 2008 that its first- and second-quarter 2008 financial statements should no longer be relied on. The paperwork supporting its natural gas hedges for gas sold on the Rockies Express Pipeline did not meet the technical rules for hedge accounting, and the amended 10-Qs for both quarters have been filed. The same filing reports record Q3 2008 results: net income of $149.0 million ($0.95 per diluted share), or $122.4 million adjusted, which excludes a $40.9 million non-cash gain on contracts that did not qualify for hedge accounting. The release also says the company bought 3.3 million shares for $216.5 million in the quarter, and had $150 million drawn on its $750 million bank facility and $450 million of total debt.
5 Nov 2008quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $149.0 million for the period ended 2008-09-30.
5 Nov 2008quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $149.0 million for the period ended 2008-09-30.
5 Nov 2008quarterly activities report● Neutral
ULTRA PETROLEUM CORP reported a quarterly net income of $149.0 million for the period ended 2008-09-30.