On Thursday, Midstates Petroleum Company Inc (NYSE:MPO)’s shares declined -7.83% to $1.06.
Midstates Petroleum Company Inc (MPO) declared its financial and operating results for the three months ended March 31, 2015.
First Quarter and Other Highlights:
Achieved Adjusted EBITDA before acquisition and transaction costs and advisory fees of $101.3 million for the first quarter of 2015.
Generated Adjusted Net Income of $4.9 million, or $0.07 per common share, contrast with Adjusted Net Income of $8.3 million, or $0.13 per common share in the first quarter of 2014.
Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana.
TETRA Technologies, Inc. (NYSE:TTI)’s shares dropped -7.70% to $6.47.
TETRA Technologies, Inc. (TTI) declared a first quarter 2015 loss per share of $(0.03), not taking into account Maritech and other charges, which compares to a loss of $(0.04) per share in the first quarter of 2014, also not taking into account Maritech and other charges. First quarter 2015 revenue of $250 million raised 18% from the first quarter of 2014 primarily as a result of the acquisition of Compressor Systems, Inc. (“CSI”) on August 4, 2014 by CSI Compressco LP.
TETRA Technologies, Inc., together with its auxiliaries, operates as a diversified oil and gas services company. It operates through four divisions: Fluids, Production Testing, Compression, and Offshore.
At the end of Thursday’s trade, Ultra Petroleum Corp. (NYSE:UPL)‘s shares dipped -6.20% to $16.05.
Ultra Petroleum Corp. (UPL) stated first quarter 2015 operating and financial results.
Highlights comprise:
Produced natural gas and oil volumes of 70.4 Bcfe, an enhance of 23% above year ago levels.
Generated operating cash flow of $111.4 million.
Generated earnings of $21.1 million or $0.14 per diluted share – adjusted.
45 percent cash flow margin.
During the first quarter of the year, Ultra Petroleum’s average realized natural gas price was $3.29 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 $2.84 per Mcf. The company’s average realized oil and condensate price was $37.34 per barrel (Bbl).
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.
Huntington Ingalls Industries Inc (NYSE:HII), ended its Thursday’s trading session with -7.63% loss, and closed at $123.53.
Huntington Ingalls Industries Inc (HII) has been recognized by the Industrial Environmental Association for its environmental stewardship. The association presented the shipyard with a Pioneer Award in April, commemorating the facility’s proactive sustainability program, which has led to CMSD becoming the first “zero discharge” shipyard in the United States.
Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing ships primarily for the U.S. Navy and the U.S. Coast Guard. It operates in three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Other.
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