February 28, 2018 / 12:54 PM / 3 months ago

BRIEF-Ultra Petroleum Q4 Adjusted EPS $0.43

Feb 28 (Reuters) - Ultra Petroleum Corp:

* Q4 REVENUE ROSE 11 PERCENT TO $240.6 MILLION

* ‍Q4 PRODUCTION OF 74.5 BCFE INCREASED 5% COMPARED TO Q3 2017​

* IS REDUCING ITS 2018 CAPITAL BUDGET YEAR-OVER-YEAR BY APPROXIMATELY 30% TO $400 MILLION

* ‍2018 ANNUAL PRODUCTION IS EXPECTED TO RANGE BETWEEN 280-290 BCFE​

* Q1 2018, AVERAGE DAILY PRODUCTION RATE IS EXPECTED TO RANGE BETWEEN 790-810 MMCFE/D​

* Q4 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $237.9 MILLION — THOMSON REUTERS I/B/E/S

* ‍FOR YEAR-ENDED DEC 31, 2017, CO’S RESERVES TOTALED 3.1 TRILLION CUBIC FEET EQUIVALENT (TCFE) OF TOTAL PROVED RESERVES​ Source text for Eikon: Further company coverage:

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