Ultra Petroleum (Ultra Petroleum) Total Assets : $1,246.3 Mil (As of Jun. 2020)

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What is Ultra Petroleum Total Assets?

Ultra Petroleum's Total Assets for the quarter that ended in Jun. 2020 was $1,246.3 Mil.

Total Assets is connected with ROA %. Ultra Petroleum's annualized ROA % for the quarter that ended in Jun. 2020 was -13.34%. Total Assets is also linked to Revenue through Asset Turnover. Ultra Petroleum's Asset Turnover for the quarter that ended in Jun. 2020 was 0.06.

Ultra Petroleum Total Assets Historical Data

The historical data trend for Ultra Petroleum's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ultra Petroleum Total Assets Chart

Ultra Petroleum Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Assets

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952.04

1,540.93

1,512.98

1,733.29

1,815.28

Ultra Petroleum Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Total Assets	Get a 7-Day Free Trial															1,873.23	1,846.56	1,815.28	1,500.66	1,246.29

Ultra Petroleum Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Ultra Petroleum's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	-844.814	+	2660.09
	=	1,815.3

Ultra Petroleum's Total Assets for the quarter that ended in Jun. 2020 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2020 )	+	Total Liabilities (Q: Jun. 2020 )
	=	-1106.508	+	2352.797
	=	1,246.3

Ultra Petroleum (OTCPK:UPLCQ) Total Assets Explanation

Total Assets is connected with ROA %.

Ultra Petroleum's annualized ROA % for the quarter that ended in Jun. 2020 is

ROA %	=	Net Income (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
	=	-183.28	/	( (1500.658	+	1246.289)	/ 2 )
	=	-183.28	/	1373.4735
	=	-13.34 %

Note: The Net Income data used here is four times the quarterly (Jun. 2020) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Ultra Petroleum's Asset Turnover for the quarter that ended in Jun. 2020 is

	Asset Turnover
=	Revenue (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
=	81.761	/	( (1500.658	+	1246.289)	/ 2 )
=	81.761	/	1373.4735
=	0.06

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Ultra Petroleum Total Assets Related Terms

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Ultra Petroleum (Ultra Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ultra Petroleum Corp (OTCPK:UPLCQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

116 Inverness Drive East, Suite 400, Englewood, CO, USA, 80112

Website

http://www.ultrapetroleum.com

Ultra Petroleum Corp is an independent oil and gas company. The company is engaged in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It's Pinedale and Jonah Fields in southwest Wyoming's Green River Basin are two of the largest natural gas fields in the United States.

Executives

Kason Kerr	officer: VP, Gen Counsel, Corp Secy	C/O ULTRA PETROLEUM CORP. 116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112
Scoggins Edward Andrew Jr.	director	C/O ULTRA PETROLEUM CORP, 400 NORTH SAM HOUSTON PKWY EAST, ST 1200, HOUSTON TX 77060
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
Mark T Solomon	officer: VP, Chf Acctg Ofr, Controller	C/O ULTRA PETROLEUM CORP., 116 EAST INVERNESS DRIVE, SUITE 400, ENGLEWOOD CO 80112
Sylvia K. Barnes	director	4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056
Stratton J. Jay Jr.	officer: Sr VP, Chief Operating Officer	C/O ULTRA PETROLEUM CORP. 116 EAST INVERNESS DRIVE, SUITE 400 ENGLEWOOD CO 80112
C Bradley Johnson	director, officer: President and CEO	C/O ULTRA PETROLEUM CORP. 116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112
David W Honeyfield	officer: Sr VP, Chief Financial Officer	C/O ULTRA PETROLEUM CORP., 116 INVERNESS DRIVE EAST SUITE 400, ENGLEWOOD CO 80112
Fir Tree Inc.	10 percent owner	500 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10110
Michael J Keeffe	director	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
James N Whyte	officer: Sr VP, Chief HR Officer	C/O ULTRA PETROLEUM CORP, 116 EAST INVERNESS DRIVE, SUITE 400, ENGLEWOOD CO 80112
Stephen James Mcdaniel	director	363 N. SAM HOUSTON PARKWAY E., SUITE 1200, HOUSTON TX 77060
Alan J. Mintz	director	555 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10017
A Kent Rogers	officer: V.P., Drilling & Completions	400 N. SAM HOUSTON PARKWAY E. SUITE 1200 HOUSTON TX 77060
Maree K. Delgado	officer: See Remarks	116 INVERNESS DRIVE EAST, SUITE 400 ENGLEWOOD CO 80112