On Thursday, Shares of Ultra Petroleum Corp. (NYSE:UPL), gained 1.43% to $4.97.
Ultra Petroleum Corp., continued to deliver strong financial and operating performance for the third quarter of 2015. Highlights comprise:
- Raised 2015 production guidance to 288 – 292 Bcfe,
- Produced a record 75.4 Bcfe of natural gas and oil during the third quarter of 2015, an improvement of 7% from the second quarter of 2015 and 21% contrast with the third quarter of 2014,
- Reduced Pinedale well costs to $2.85 million for the third quarter of 2015, a decrease of 25% contrast to average 2014 well costs,
- Capital expenditures of $123.4 million during the third quarter,
- Generated operating cash flow of $125.4 million for the quarter ended September 30, 2015 ,
- Earnings of $32.6 million in the third quarter of 2015, or $0.21 per diluted share – adjusted
Third Quarter Results
For the third quarter of 2015, production of natural gas and oil raised 21 percent to 75.4 billion cubic feet equivalent (Bcfe). This is the largest quarterly production level ever achieved by Ultra Petroleum. The company’s production for the third quarter was comprised of 70.2 billion cubic feet (Bcf) of natural gas and 863.4 thousand barrels (Mbls) of oil and condensate.
Ultra Petroleum stated adjusted net income of $32.6 million , or $0.21 per diluted share for the quarter ended September 30, 2015 . Operating cash flow was $125.4 million for the quarter ended September 30, 2015 .
During the third quarter of the year, Ultra Petroleum’s average realized natural gas price was $3.33 per thousand cubic feet (Mcf), counting realized gains and losses on commodity hedges. Not Taking Into Account realized gains and losses on commodity derivatives, the company’s average price for natural gas was $2.68 per Mcf. The company’s average realized oil and condensate price was $39.43 per barrel (Bbl). Third quarter 2015 results comprised an unrealized, mark-to-market loss of $35.9 million on the company’s commodity hedges. The unrealized loss is typically excluded by the investment community in published estimates.
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.
Shares of Baidu Inc (ADR) (NASDAQ:BIDU), declined -2.06% to $168.99, during its last trading session.
Baidu, declared its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Operational Highlights
- Mobile search monthly active users (MAUs) were 643 million for the month of September 2015, an improvement of 26% year-over-year
- Mobile maps MAUs were 326 million for the month of September 2015, an improvement of 34% year-over-year
- Gross merchandise value (GMV) for Transaction Services totaled RMB60.2 billion ($9.5 billion) for the third quarter of 2015, an improvement of 119% year-over-year
- Baidu Wallet activated accounts reached 45 million at the end of September 2015, an improvement of 520% year-over-year
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Finally, Shares of Teradyne, Inc. (NYSE:TER), ended its last trade with -4.72% loss, and closed at $19.38.
Teradyne, stated revenue of $466 million for the third quarter of 2015 of which $326 million was in Semiconductor Test, $69 million in System Test, $55 million in Wireless Test, and $16 million in Industrial Automation. Industrial Automation comprises of Universal Robots results for the full quarter. On a non-GAAP basis, Teradynes net income in the third quarter was $84.9 million, or $0.40 per diluted share, which excluded attained intangible assets amortization and discrete income tax adjustments, and comprised the related tax impact on non-GAAP adjustments. GAAP net income for the third quarter was $71.5 million or $0.34 per share.
Orders in the third quarter of 2015 were $314 million of which $211 million were in Semiconductor Test, $47 million in System Test, $40 million in Wireless Test, and $16 million in Industrial Automation.
Were on track to deliver our 6th straight year of above model financial results driven by strong tester sales for mobile devices, improving storage test demand, and a growing contribution from industrial automation, said CEO and President Mark Jagiela. While our fourth quarter guidance reflects the normal seasonal slow down in tester deliveries, we are making selective inventory investments to capture the predictable growth in 2016 customer demand.
Teradyne, Inc. provides automatic test equipment worldwide. The company’s Semiconductor Test segment designs, manufactures, sells, and supports semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game applications, and others.