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To: Dennis Roth who wrote (159437)2/21/2012 6:54:12 AM
From: Dennis Roth2 Recommendations  Respond to of 206316
 
Ultra Petroleum Corp. (UPL)
Q4’11 Wrap-Up: Lower Expectations
17 February 2012 ¦ 14 pages
ir.citi.com

Q4’11 Bottom Line - As outlined in our previous note: Quick Read: Light Q4
Production; Lower 2012 Outlook
, UPL posted mixed results with lower output and
higher DD&A leading to an EPS miss while price realizations boosted CFPS.