Last $20.53 USD
Change Today +0.84 / 4.27%
Volume 8.5M
QEP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

qep resources inc (QEP) Snapshot

Open
$19.90
Previous Close
$19.69
Day High
$20.56
Day Low
$19.53
52 Week High
09/2/14 - $35.91
52 Week Low
12/16/14 - $18.15
Market Cap
3.7B
Average Volume 10 Days
5.6M
EPS TTM
$1.25
Shares Outstanding
180.1M
EX-Date
11/12/14
P/E TM
16.4x
Dividend
$0.08
Dividend Yield
0.39%
Current Stock Chart for QEP RESOURCES INC (QEP)

qep resources inc (QEP) Related Businessweek News

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qep resources inc (QEP) Details

QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company acquires, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) in the Williston Basin in North Dakota; the Pinedale Anticline in western Wyoming; the Uinta Basin in eastern Utah; the Anadarko Basin in Oklahoma and Texas; and the Haynesville/Cotton Valley in northwestern Louisiana, as well as other proven properties in Wyoming, Colorado, and Utah. As of December 31, 2013, it had estimated proved reserves of 4,061.9 Bcfe. The company markets and sells its products to various customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners, and remarketers. It also offers midstream field services comprising natural gas gathering, processing, and treating services; and midstream services to third-party customers, including major and independent producers. In addition, the company markets affiliate and third-party natural gas, oil, and NGLs in the Rocky Mountains and Midcontinent regions of the United States; and owns and operates an underground gas-storage reservoir in southwestern Wyoming. QEP Resources, Inc. is headquartered in Denver, Colorado.

1,001 Employees
Last Reported Date: 02/25/14

qep resources inc (QEP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $819.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $536.7K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $435.0K
Vice President and General Counsel
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

qep resources inc (QEP) Key Developments

QEP Resources, Inc. Amends and Extended its Corporate Revolving Credit Facility

QEP Resources, Inc. announced that it has amended and extended its corporate revolving credit facility. Commitments under the credit facility were increased to $1.8 billion and the facility contains a $500 million accordion feature. The maturity date of the facility was extended to December 2019.

QEP Resources, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Charges; Revised Capital Investment Guidance for 2014 and Provides Capital Investment Guidance for the Fourth Quarter of 2014

QEP RESOURCES, INC. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $910.0 million against $719.5 million a year ago. Operating income was $115.1 million against $83.3 million a year ago. Income from continuing operations before income taxes was $233.6 million against $20.2 million a year ago. Net income from continuing operations was $153.7 million or $0.84 per diluted share against $12.1 million or $0.07 per diluted share a year ago. Net income attributable to the company was $171.1 million or $0.94 per diluted share against net income attributable to the company of $37.3 million or $0.21 per diluted share a year ago. Adjusted EBITDA was $409.3 million compared with $395.1 million for the same period last year. The increase in Adjusted Net Income was due primarily to higher crude oil production partially offset by lower realized crude oil and NGL prices combined with higher lease operating expenses and production taxes. Adjusted net income attributable to the company was $75.4 million or $0.41 per diluted share against net income attributable to the company of $63.3 million or $0.36 per diluted share a year ago. The increase in Adjusted net income was due primarily to higher crude oil production partially offset by lower realized crude oil and NGL prices combined with higher lease operating expenses and production taxes. For the nine months, the company reported total revenues of $2,614.7 million against $2,064.8 million a year ago. Operating income was $220.0 million against $269.5 million a year ago. Income from continuing operations before income taxes was $86.4 million against $219.1 million a year ago. Net income from continuing operations was $60.3 million or $0.34 per diluted share against $136.6 million or $0.76 per diluted share a year ago. Net income attributable to the company was $118.5 million or $0.66 per diluted share against net income attributable to the company of $211.4 million or $1.18 per diluted share a year ago. Adjusted EBITDA was $1,196.4 million compared with $1,159.6 million for the same period last year. Net cash provided by operating activities was $1,219.7 million against $978.9 million a year ago. Property acquisitions were $949.7 million against $39.3 million a year ago. Property, plant and equipment, including dry exploratory well expense were $1,270.4 million against $1,089.6 million a year ago. Adjusted net income attributable to the company was $209.1 million or $1.16 per diluted share against net income attributable to the company of $175.5 million or $0.98 per diluted share a year ago. For the quarter, the company reported impairment charges of $0.1 million against $3.8 million a year ago. For 2014, the company revised capital investment of $1,744 million to $1,774 million compared with the previous guidance of $1,740 million to $1,840 million. For the fourth quarter, the company expected capital investment of $450 million to $480 million.

QEP Resources, Inc. Approves Quarterly Cash Dividend, Payable on December 5, 2014

QEP Resources, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share of common stock, payable on December 5, 2014, to shareholders of record on November 14, 2014.

 

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Industry Analysis

QEP

Industry Average

Valuation QEP Industry Range
Price/Earnings 44.5x
Price/Sales 1.1x
Price/Book 1.1x
Price/Cash Flow 3.4x
TEV/Sales -- Not Meaningful
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