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QEP Resources Inc (QEP.N)

QEP.N on New York Stock Exchange

7.18USD
10 Dec 2018
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Latest Key Developments (Source: Significant Developments)

QEP Resources - Charles Stanley To Retire From co
Thursday, 6 Dec 2018 06:30am EST 

Dec 6 (Reuters) - QEP Resources Inc ::CHARLES B. STANLEY TO RETIRE FROM QEP RESOURCES; TIMOTHY J. CUTT NAMED PRESIDENT AND CEO.QEP RESOURCES INC - TIMOTHY "TIM" CUTT AS QEP'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, EFFECTIVE JANUARY 15, 2019.QEP RESOURCES INC - CUTT WILL ALSO SERVE AS A MEMBER OF COMPANY'S BOARD..QEP RESOURCES INC - BOARD ALSO ANNOUNCED IT WILL SEPARATE ROLES OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER.QEP RESOURCES INC - LEAD INDEPENDENT DIRECTOR DAVID A. TRICE HAS BEEN NAMED TO SUCCEED STANLEY AS CHAIRMAN OF BOARD.QEP RESOURCES INC - CUTT MOST RECENTLY SERVED AS CEO AT COBALT INTERNATIONAL ENERGY, INC.  Full Article

Resources Announces Agreement To Sell Northwest Louisiana Natural Gas Assets
Monday, 19 Nov 2018 06:00am EST 

Nov 19 (Reuters) - QEP Resources Inc ::PRESS RELEASE - QEP RESOURCES ANNOUNCES AGREEMENT TO SELL NORTHWEST LOUISIANA NATURAL GAS ASSETS FOR $735.0 MILLION.QEP RESOURCES INC - INTEND TO USE PROCEEDS FROM THIS SALE TO FUND ONGOING DEVELOPMENT OF CORE PERMIAN ASSETS, REDUCE DEBT, RETURN CASH TO SHAREHOLDERS.QEP RESOURCES INC - BUYER HAS AGREED TO ASSUME ALL FIRM GAS TRANSPORTATION AGREEMENTS RELATED TO THESE ASSETS.QEP - DEAL PROVIDES FOR SALE OF ALL OF QEP'S HAYNESVILLE/COTTON VALLEY ASSETS IN NORTHWEST LOUISIANA TO AETHON III, AFFILIATE OF AETHON ENERGY.QEP RESOURCES INC - QEP WILL NOVATE NATURAL GAS DERIVATIVE CONTRACTS COVERING APPROXIMATELY 40 BCF OF GAS FOR LAST ELEVEN MONTHS OF 2019 TO BUYER.  Full Article

Qep Resources Q3 Earnings Per Share $0.03
Wednesday, 7 Nov 2018 04:05pm EST 

Nov 7 (Reuters) - QEP Resources Inc ::QEP RESOURCES REPORTS THIRD QUARTER 2018 FINANCIAL AND OPERATING RESULTS AND PROVIDES UPDATE ON ITS STRATEGIC INITIATIVES.Q3 EARNINGS PER SHARE $0.03.Q3 EARNINGS PER SHARE VIEW $-0.01 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.17 EXCLUDING ITEMS.QTRLY TOTAL REVENUES $560.8 MILLION $390.1 MILLION.SEES FY 2018 OIL & CONDENSATE PRODUCTION 23.75 MMBB- 24.25 MMBB.OIL EQUIVALENT PRODUCTION WAS 14.4 MMBOE FOR THE THIRD QUARTER 2018 COMPARED WITH 14.1 MMBOE FOR THE THIRD QUARTER 2017.SEES FY 2018 GAS PRODUCTION 136.0 BCF - 140.0 BCF.SEES FY 2018 TOTAL OIL EQUIVALENT PRODUCTION 50.8 MMBOE - 52.2 MMBOE.ENTERED INTO A DEFINITIVE AGREEMENT TO SELL WILLISTON BASIN ASSETS FOR A PURCHASE PRICE OF UP TO $1.725 BILLION.REDUCED HEADCOUNT BY APPROXIMATELY 30% SINCE MARCH 1, 2018 TO PRESENT.SEES FY 2018 TOTAL CAPITAL INVESTMENT (EXCLUDING PROPERTY ACQUISITIONS) IN THE RANGE OF $1,140 MILLION- $1,190 MILLION.Q3 REVENUE VIEW $498.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

QEP Resources To Sell Williston Basin Assets For Up To $1.725 Bln
Wednesday, 7 Nov 2018 06:00am EST 

Nov 7 (Reuters) - QEP Resources Inc ::PRESS RELEASE - QEP RESOURCES ANNOUNCES AGREEMENT TO SELL WILLISTON BASIN ASSETS FOR UP TO $1.725 BILLION.QEP RESOURCES - PURCHASE PRICE IS COMPRISED OF $1.65 BILLION IN CASH AND CONTRACTUAL RIGHTS TO RECEIVE UP TO $50 MILLION AND $25 MILLION IN VANTAGE COMMON STOCK.QEP RESOURCES INC - AGREEMENT PROVIDES FOR SALE OF ALL OF QEP'S ASSETS IN NORTH DAKOTA AND MONTANA.QEP RESOURCES - PROCEEDS TO FUND ONGOING DEVELOPMENT OF OUR CORE PERMIAN ASSETS, REDUCE DEBT, AND RETURN CASH TO SHAREHOLDERS THROUGH SHARE REPURCHASE.QEP RESOURCES - WILL BE ENTITLED TO EQUITY CONSIDERATION IF SHARE PRICE THRESHOLDS ARE MET AT ANY TIME DURING FIVE YEAR PERIOD POST DEAL CLOSE.  Full Article

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 to sell Haynesville-Cotton Valley assets to Aethon for $735 million

QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.