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QEP Resources Inc (QEP.N)

QEP.N on New York Stock Exchange

11.76USD
20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

QEP Resources Q1 Loss Per Share $0.22
Wednesday, 25 Apr 2018 04:05pm EDT 

April 25 (Reuters) - QEP Resources Inc ::QEP RESOURCES REPORTS FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS.Q1 LOSS PER SHARE $0.22.Q1 EARNINGS PER SHARE VIEW $-0.19 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED NON-GAAP LOSS PER SHARE $0.20 EXCLUDING ITEMS.QTRLY TOTAL REVENUES $428.9 MILLION VERSUS $420.1 MILLION.OIL EQUIVALENT PRODUCTION WAS 11.7 MMBOE FOR Q1 2018 COMPARED WITH 13.1 MMBOE FOR Q1 2017.SEES 2018 GAS PRODUCTION 135.0 BCF - 145.0 BCF.SEES 2018 OIL & CONDENSATE PRODUCTION 21.5 MMBBL - 23.0 MMBBL.SEES 2018 TOTAL OIL EQUIVALENT PRODUCTION 48.3 MMBOE - 51.9 MMBOE."EXPECT TO COMPLETE AND PUT ON PRODUCTION NINE MORE NET WELLS THAN ORIGINALLY FORECASTED DURING 2018".QEP - REDUCED CAPITAL ALLOCATED TO WILLISTON BASIN, HAYNESVILLE/COTTON VALLEY ASSETS FOR REST OF 2018 TO SUPPORT ADDITIONAL INVESTMENT IN PERMIAN BASIN.  Full Article

QEP Resources Files For Potential Mixed Shelf Offering
Friday, 9 Mar 2018 04:51pm EST 

March 9 (Reuters) - QEP Resources Inc ::QEP RESOURCES INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING‍​.  Full Article

QEP Resources Reports Q4 Earnings Per Share $0.62
Wednesday, 28 Feb 2018 04:05pm EST 

Feb 28 (Reuters) - Qep Resources Inc ::QEP RESOURCES ANNOUNCES STRATEGIC INITIATIVES FOR AN ACCELERATED TRANSITION TO A PURE-PLAY PERMIAN BASIN COMPANY, REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL AND OPERATING RESULTS, AND PROVIDES INITIAL 2018 GUIDANCE AND CAPITAL INVESTMENT PLAN.Q4 EARNINGS PER SHARE $0.62.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.13 EXCLUDING ITEMS.‍AUTHORIZES $1.25 BILLION SHARE REPURCHASE PROGRAM TO BE FUNDED PRIMARILY WITH PROCEEDS FROM ASSET SALES​.‍HIRES FINANCIAL ADVISORS TO ASSIST WITH DIVESTITURE OF WILLISTON AND UINTA BASIN ASSETS​.‍APPROVED 2018 CAPITAL INVESTMENT PLAN OF ABOUT $1.075 BILLION, OF WHICH APPROXIMATELY 65% WILL BE DIRECTED TOWARD PERMIAN BASIN​.QEP RESOURCES - ‍BOARD UNANIMOUSLY APPROVED SEVERAL FINANCIAL INITIATIVES TO TRANSITION CO TO A "PURE-PLAY" PERMIAN BASIN CO.‍MARKET REMAINING NON-PERMIAN ASSETS, INCLUDING HAYNESVILLE/COTTON VALLEY (HAYNESVILLE), IN SECOND HALF OF 2018​.QEP RESOURCES - ‍INTEND TO USE PROCEEDS FROM ASSET SALES TO FUND ONGOING DEVELOPMENT OF CORE PERMIAN OPERATIONS, REDUCE DEBT, OTHERS.‍OIL EQUIVALENT PRODUCTION WAS 12.1 MMBOE FOR Q4 2017 COMPARED WITH 13.7 MMBOE FOR Q4 2016​.SEES 2018 ‍OIL PRODUCTION OF 21.0 MMBBL TO 22.5 MMBBL​.QEP RESOURCES - QTRLY TOTAL REVENUE $‍429.0​ MILLION VERSUS $399.7 MILLION LAST YEAR.SEES 2018 GAS PRODUCTION 132.0 BCF - 143.0 BCF.SEES 2018 TOTAL OIL EQUIVALENT PRODUCTION OF 47.7 MMBOE - 51.5 MMBOE.  Full Article

QEP resources announces pricing of senior notes
Monday, 6 Nov 2017 04:05pm EST 

Nov 6 (Reuters) - QEP Resources Inc :‍has priced an offering of $500 million aggregate principal amount of senior notes due 2026​.‍notes will bear interest at a rate of 5.625% per annum and will be issued at par​.  Full Article

QEP Resources reports cash tender offers for senior notes
Monday, 6 Nov 2017 08:00am EST 

Nov 6 (Reuters) - QEP Resources Inc ::QEP Resources announces cash tender offers for senior notes.  Full Article

QEP Resources issues notice of redemption for its 6.8 pct senior notes due 2018
Monday, 6 Nov 2017 08:00am EST 

Nov 6 (Reuters) - QEP Resources Inc ::QEP Resources issues notice of redemption for its 6.8% senior notes due 2018.QEP Resources Inc- ‍ announces intent to redeem all of outstanding 2018 notes on or around December 6, 2017​.  Full Article

QEP Resources reports quarterly loss per share $0.01‍​
Wednesday, 25 Oct 2017 04:15pm EDT 

Oct 25 (Reuters) - QEP Resources Inc :QEP Resources Inc - qtrly loss per share $0.01‍​.QEP Resources Inc - qtrly total revenue $‍​390.1 million versus $382.4 million last year‍​.Q3 revenue view $394.9 million -- Thomson Reuters I/B/E/S.  Full Article

QEP Resources Q3 loss per share $0.01
Wednesday, 25 Oct 2017 04:15pm EDT 

Oct 25 (Reuters) - Qep Resources Inc : :QEP Resources reports third quarter 2017 financial and operating results.Q3 loss per share $0.01.Q3 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S.Q3 adjusted non-gaap loss per share $0.10 excluding items.QEP Resources Inc - ‍full year 2017 guidance remains unchanged from september 25, 2017​.QEP Resources Inc - ‍oil equivalent production was 14,124.1 mboe for q3 2017 compared with 14,445.8 mboe for q3 2016, a 2% decrease​.  Full Article

QEP announces closing of Pinedale divestiture
Monday, 25 Sep 2017 04:20pm EDT 

Sept 25 (Reuters) - QEP Resources Inc :QEP announces closing of Pinedale divestiture.QEP Resources Inc - ‍Company provided updated 2017 guidance and 2018 outlook​.QEP Resources Inc - Company expects its pending Permian Basin acquisition to have minimal effect on 2017 guidance.QEP Resources Inc - ‍Removed approximately 0.2 MMbbl of oil, 17.0 Bcf of gas, and 0.3 MMbbl of NGL from company's 2017 production guidance​.QEP Resources - For 2017, Co reduced its oil production guidance to a midpoint of 19.75 MMbbl, natural gas production guidance to a midpoint of 167.5 Bcf.QEP Resources Inc - For 2017, company reduced its NGL production guidance to a midpoint of 5.5 MMbbl.QEP Resources - ‍If crude oil prices $50.00/Bbl & natural gas at $3.00/MMbtu, sees 2018 capital investments to more closely align to forecasted cash flows​.QEP Resources Inc - ‍Expects 2018 forecasted crude oil production growth to be in mid-teens compared with midpoint of updated 2017 guidance​.QEP Resources - ‍For 2017, Co reduced natural gas production guidance to midpoint of 167.5 Bcf and NGL production guidance to a midpoint of 5.5 MMbbl​.QEP Resources Inc - Expects to have an approximately one month delay in placing certain wells on production in 2017 in Permian basin.QEP Resources Inc - Company's 2017 capital investment program in Permian basin will not be reduced as a result of delay in pop dates.  Full Article

Millennium Group Management reports 5.1 percent passive stake in QEP Resources Inc - SEC filing‍​
Wednesday, 16 Aug 2017 05:24pm EDT 

Aug 16 (Reuters) - Qep Resources Inc :Millennium Group Management LLC reports 5.1 percent passive stake in QEP Resources Inc as of August 15, 2017 - SEC filing‍​.  Full Article

BRIEF-QEP Resources Q1 Loss Per Share $0.22

* QEP RESOURCES REPORTS FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS