Ultra Petroleum reports $33.29 million of operating income for July

By Caroline Salls

Pittsburgh, Aug. 19 – Ultra Petroleum Corp. posted $33.29 million of operating income for July on $67.38 million of total revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Those figures showed improvement over the $19.1 million of operating income reported for June on $50.36 million of total revenue.

Net income for July was $32.18 million, up from $18.4 million of June net income.

The company had $301.29 million of cash and cash equivalents as of July 31, up from $269.46 million at the end of June.

Ultra Petroleum is a Houston-based independent exploration and production company. The company filed bankruptcy on April 29 under Chapter 11 case number 16-32202.

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