ULTRA PETROLEUM CORP. UPL Income Statement

Ultra petroleum corp. (UPL)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Total operating revenues
170,927	144,238	155,406	271,461	273,211	203,776	190,138	225,374	-	217,631	212,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural gas sales
-	-	-	-	-	-	-	-	-	-	-	188,851	-	170,996	116,780	138,102	160,252	188,457	164,226	183,795	257,885	211,853	228,573	271,539	195,828	191,453	234,785	202,200	194,263	169,594	140,836	191,040	238,515	262,147	249,835	231,916	211,551	217,890	206,208	250,747	191,576	135,538	115,079	158,830	266,573	277,446
Oil sales
-	-	-	-	-	-	-	-	-	-	-	31,348	-	28,257	29,811	21,284	29,049	34,046	43,772	35,514	61,165	76,755	67,490	54,760	29,369	29,752	26,591	23,426	22,923	26,781	29,434	35,103	32,283	30,994	30,732	25,374	25,949	22,484	22,180	22,377	21,728	19,626	15,262	9,123	31,054	30,794
Other revenues
-	-	-	-	-	-	-	-	-	-	-	759	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating revenues
-	-	-	-	-	-	-	-	-	-	-	220,958	-	199,253	146,591	159,386	189,301	222,503	207,998	219,309	319,050	288,608	296,063	326,299	225,197	221,205	261,376	225,626	217,186	196,375	170,270	226,143	270,798	293,141	280,567	257,290	237,500	240,374	228,388	273,124	213,304	155,164	130,341	167,953	297,627	308,240
Expenses:
Lease operating expenses
19,580	17,914	15,889	17,225	19,064	25,817	23,645	21,764	-	23,140	23,089	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,905	12,381	11,115	12,357	13,230	10,850	11,534	10,324	10,551	9,741	10,144	10,243	8,501	8,562
Lease operating expenses
-	-	-	-	-	-	-	-	-	-	-	23,136	-	19,934	21,836	25,394	24,442	28,567	27,785	26,112	-	23,392	22,959	21,013	-	16,213	17,514	18,817	-	16,741	12,239	17,002	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility lease expense
5,640	6,640	6,543	6,645	6,390	6,875	6,526	6,156	6,043	5,254	5,226	5,226	5,173	5,171	5,171	5,171	5,161	5,162	5,162	5,162	5,078	5,076	5,076	5,076	5,000	5,000	5,000	5,000	645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,299	25,676	24,846	23,273	21,829	23,191	22,487	28,407	21,661	15,220	12,738	17,351	31,625	35,776
Production taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,474	15,231	-	19,813	17,184	19,895	-	23,729	24,594	25,931	-	18,078	20,006	16,555	-	15,047	13,367	18,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production taxes
18,115	14,726	16,443	30,175	30,699	20,470	18,883	23,270	24,699	22,482	21,754	22,132	-	20,688	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gathering fees
18,234	19,827	20,320	19,880	20,248	21,810	24,181	23,055	23,534	22,182	20,642	20,929	21,696	21,159	21,504	22,450	22,545	23,114	22,488	19,757	18,858	14,916	13,449	12,708	13,674	12,682	13,834	11,884	12,412	10,274	16,766	19,552	15,149	14,445	13,910	13,007	13,057	12,616	12,498	11,955	11,402	11,389	11,573	10,791	8,857	8,766
Transportation charges
-	-	-	-	-	-	-	-	-	-	-	-	-3,701	49	146	23,555	21,226	21,310	21,076	20,191	19,898	20,034	17,273	20,575	20,884	20,955	20,649	20,309	20,993	21,055	21,366	21,056	15,750	16,061	16,273	16,159	16,337	16,201	16,522	15,905	15,187	16,284	13,185	13,355	11,431	12,013
Depletion, depreciation and amortization
47,225	49,581	55,768	51,653	52,301	49,672	51,742	50,540	50,430	41,089	38,673	31,753	31,847	31,192	31,234	30,848	121,438	92,806	92,366	94,590	88,140	76,289	65,341	63,181	62,398	59,401	60,123	61,468	74,871	86,645	114,767	112,702	107,621	85,795	79,219	73,759	74,002	59,674	56,853	51,267	49,824	46,367	44,974	60,661	45,652	42,780
Ceiling test and other impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	606,827	1,869,136	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Write-down of proved oil and gas properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,037,000	0	0
General and administrative
5,471	6,595	7,433	7,052	8,772	1,482	2,063	12,688	5,241	8,247	25,009	1,051	1,984	1,595	1,381	4,219	-3,242	4,567	2,422	3,640	4,333	6,233	2,158	6,345	6,476	4,060	5,876	5,961	5,796	6,741	7,559	5,008	6,734	6,185	6,002	7,111	5,887	5,957	6,105	6,402	4,418	5,130	5,650	4,574	4,242	4,449
Other operating expenses, net
-	10,536	15,281	-	-	3,422	639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
-	-	-	684	-	-	-	213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
118,149	125,819	137,677	133,314	142,830	129,548	127,679	137,686	132,574	122,394	134,393	104,227	99,313	99,788	94,746	126,868	3,352,351	195,339	188,483	189,347	195,083	169,669	150,850	154,829	141,753	136,389	143,002	139,994	643,183	763,330	2,055,200	193,539	184,458	160,543	151,365	145,666	144,342	128,489	125,999	124,260	113,043	104,131	98,264	1,153,975	110,308	112,346
Operating income
52,778	18,419	17,729	138,147	130,381	74,228	62,459	87,688	108,053	95,237	78,264	116,731	116,548	99,465	51,845	32,518	-3,163,050	27,164	19,515	29,962	123,967	118,939	145,213	171,470	83,444	84,816	118,374	85,632	-425,997	-566,955	-1,884,930	32,604	86,340	132,598	129,202	111,624	93,158	111,885	102,389	148,864	100,261	51,033	32,077	-986,022	187,319	195,894
Other (expense) income, net:
Interest expense, net
31,323	32,372	32,376	33,327	36,382	38,382	37,715	35,837	36,388	210,107	29,425	85,447	0	0	16,662	49,903	43,494	43,137	42,619	42,668	42,196	29,599	27,294	27,068	25,310	25,174	25,238	25,764	25,765	25,369	18,748	18,298	17,074	15,902	15,590	14,590	14,495	11,382	11,437	11,718	10,229	9,744	9,897	7,297	5,183	4,543
Gain (loss) on commodity derivatives
-23,850	11,938	71,654	-64,339	-69,607	-21,804	-47,271	-6,530	16,263	4,650	20,717	-13,218	-	-	0	0	2	9,390	-3,646	36,865	-	32,052	-15,102	-45,273	-	2,074	22,091	-44,715	-	-9,896	-33,287	120,283	-	114,166	47,606	15,635	-	150,186	14,566	181,351	56,215	-55,428	-60,698	206,428	58,117	-11,596
Deferred gain on sale of liquids gathering system
-	-	-	-	2,639	2,638	2,638	2,638	2,639	2,638	2,638	2,638	2,639	2,638	2,638	2,638	2,639	2,638	2,638	2,638	2,639	2,638	2,638	2,638	2,639	2,638	2,636	2,640	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	736	3,664	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9,902	-	-	-	-	-	-	-
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,569	5,579	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract settlement expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract settlement expense
-	-	-	-	-	-	-	-	-	0	0	52,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract Cancellation Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,248	-291	4,666	4,846	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rig Cancellation Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Rig Cancellation Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other (expense) income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	519	-3	-4	20	75	12	22	151	37	193	-505	-2,613	92	609
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-13,259	13,528	-43	166	18	1,883	-657	-32	-209	92	27	-147	-646	-514	-227	-1,695	-1,735	-284	-75	34	-	-56	50	-48	-	-63	5	8	-	-42	7	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (expense) income, net
-54,964	-6,906	39,235	-97,500	-90,676	-55,665	-83,005	-39,761	-17,695	-202,727	-6,043	-148,881	-129,113	2,096	-15,820	-54,539	-42,589	-31,393	-44,438	-6,795	81,862	5,035	-39,708	-69,751	-49,182	-20,525	-506	-67,831	-37,270	-35,016	-56,694	97,147	119,770	98,261	32,012	1,065	-35,071	138,816	-6,751	169,784	46,023	-64,979	-71,100	196,518	53,026	-15,530
Reorganization items, net
-	-	-	-	-	-	-	-	1,240	227,123	-426,816	57,546	22,211	3,109	22,183	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense (benefit)
-2,186	11,513	56,964	40,647	39,705	18,563	-20,546	47,927	89,118	-334,613	499,037	-89,696	-34,776	98,452	13,842	-22,021	-3,205,639	-4,229	-24,923	23,167	205,829	123,974	105,505	101,719	34,262	64,291	117,868	17,801	-463,267	-601,971	-1,941,624	129,751	206,110	230,859	161,214	112,689	58,087	250,701	95,638	318,648	146,284	-13,946	-39,023	-789,504	240,345	180,364
Income tax expense (benefit)
-881	-1	-141	-27	0	-1	9	434	-6,410	-6,886	0	2	-349	45	-160	-190	-999	-1,133	-250	-2,022	-3,901	-1,383	-544	4	-6,856	381	1,491	1,368	8,765	175	-754,642	45,489	74,279	81,713	57,709	43,969	20,139	88,059	34,145	116,272	50,893	-5,616	-13,497	-276,916	91,370	63,489
Net income
-1,304	11,513	57,105	40,674	39,706	18,563	-20,555	47,493	95,528	-327,727	499,037	-89,698	-34,427	98,407	14,002	-21,831	-3,204,640	-3,096	-24,673	25,189	209,730	125,357	106,049	101,715	41,118	63,910	116,377	16,433	-472,032	-602,146	-1,186,982	84,262	131,831	149,146	103,505	68,720	37,948	162,642	61,493	202,376	95,391	-8,330	-25,526	-512,588	148,975	116,875
Basic Earnings per Share:
Net income per common share — basic
-0.01	0.06	0.29	0.21	0.20	0.09	-0.10	0.24	1.11	-1.67	2.76	-1.12	-0.44	1.23	0.18	-0.27	-40.12	-0.02	-0.16	0.16	1.37	0.82	0.69	0.66	0.26	0.42	0.76	0.11	-3.09	-3.94	-7.76	0.55	0.86	0.98	0.68	0.45	0.25	1.07	0.40	1.33	0.64	-0.06	-0.17	-3.39	0.98	0.76
Fully Diluted Earnings per Share:
Net income per common share — fully diluted
-0.01	0.06	0.29	0.21	0.20	0.09	-0.10	0.24	1.11	-1.67	2.76	-1.12	-0.42	1.22	0.17	-0.27	-40.12	-0.02	-0.16	0.16	1.36	0.81	0.68	0.66	0.27	0.41	0.75	0.11	-3.09	-3.94	-7.76	0.55	0.86	0.97	0.67	0.44	0.25	1.05	0.40	1.31	0.64	-0.06	-0.17	-3.39	0.95	0.74
Weighted average common shares outstanding — basic
197,867	197,840	197,514	197,383	197,198	197,054	197,054	196,550	197,983	196,331	180,964	80,018	80,012	80,003	80,002	79,967	-139,914	153,250	153,218	153,042	153,110	153,213	153,179	153,042	152,981	152,976	152,948	152,947	152,929	152,929	152,921	152,601	152,703	152,817	152,899	152,597	152,532	152,479	152,300	152,073	151,458	151,441	151,331	151,238	152,217	153,061
Weighted average common shares outstanding — fully diluted
196,286	198,604	198,069	197,801	199,505	197,055	197,054	196,550	198,522	196,331	181,033	80,018	80,768	80,384	80,333	79,967	-142,575	153,250	153,218	155,703	153,861	154,859	155,007	155,049	154,209	154,512	154,513	154,470	152,012	152,929	152,921	153,518	154,231	154,280	154,377	154,456	154,144	154,192	154,310	154,366	151,458	151,441	151,331	151,238	156,072	157,818
Natural Gas Sales
Total operating revenues
147,585	117,518	125,915	245,989	242,610	156,986	141,255	181,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oil Sales
Total operating revenues
22,000	24,465	27,301	23,465	27,560	41,523	43,167	41,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenues
Total operating revenues
1,342	2,255	2,190	2,007	3,041	5,267	5,716	2,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-