On Monday, in the course of Afternoon trade, Shares of Ultra Petroleum Corp. (NYSE:UPL), dropped -7.64%, and is now trading at $7.19.
Ultra Petroleum, continued to deliver strong financial and operating performance for the second quarter of 2015. Highlights comprise:
- Produced volumes of 70.5 Bcfe of natural gas and oil, an enhance of 20% above year ago levels
- Generated operating cash flow(1) of $121.9 million for the quarter ended June 30, 2015
- Earnings of $32.1 million in the second quarter of 2015, or $0.21 per diluted share – adjusted(2)
- 47 percent cash flow margin(4) for the second quarter of 2015
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States.
During an Afternoon trade, Shares of Atwood Oceanics, Inc. (NYSE:ATW), dipped -4.35%, and is now trading at $19.88.
Atwood Oceanics, declared that it had earned net income of $113.0 million or $1.73 per diluted share, on revenues of $330.6 million for the quarter ended June 30, 2015 contrast to net income of $122.7 million or $1.89 per diluted share on revenues of $350.4 million for the quarter ended March 31, 2015 and contrast to net income of $71.9 million or $1.11 per diluted share, on revenues of $292.8 million for the quarter ended June 30, 2014. For the nine months ended June 30, 2015, the Company earned net income of $281.9 million or $4.33 per diluted share, on revenues of $1.03 billion contrast to net income of $228.6 million or $3.52 per diluted share, on revenues of $850.6 million for the nine months ended June 30, 2014.
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, in addition to 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.
Shares of Phillips 66 (NYSE:PSX), during its Monday’s current trading session fell -0.43%, and is now trading at $79.16.
Phillips 66 (PSX), declared second-quarter earnings of $1,012 million, contrast with earnings of $987 million in the first quarter of 2015. Adjusted earnings were $1,002 million, an enhance of $168 million from the last quarter.
“Our Refining, Chemicals, and M&S businesses delivered a strong quarter, providing solid earnings and cash flow,” said Greg Garland, chairman and CEO of Phillips 66. “We operated well, executed major turnaround activity and progressed our capital projects. We also returned more than $600 million to shareholders through dividends and share repurchases.”
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products.
Finally, Quantum Corp (NYSE:QTM), gained 1.42% Monday.
Quantum Corp., declared noteworthynew enhancements to the Scalar i6000 tape library, doubling drive density to provide the most compact LTO storage footprint in the enterprise market, adding unique RESTful web services administration capabilities and offering 80 PLUS® certified power supplies for the most efficient power usage accessible. These enhancements are the latest in a long line of innovations since the library’s introduction, resulting in the most feature-rich and technically advanced enterprise tape library accessible for recently’s most demanding tiered storage workflows.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
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