Last $32.11 USD
Change Today +0.50 / 1.58%
Volume 2.6M
QEP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:46 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

qep resources inc (QEP) Snapshot

Open
$31.77
Previous Close
$31.61
Day High
$32.59
Day Low
$31.66
52 Week High
10/22/13 - $34.24
52 Week Low
02/26/14 - $25.93
Market Cap
5.8B
Average Volume 10 Days
2.1M
EPS TTM
$1.62
Shares Outstanding
180.1M
EX-Date
02/21/14
P/E TM
19.8x
Dividend
$0.08
Dividend Yield
0.25%
Current Stock Chart for QEP RESOURCES INC (QEP)

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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, Executive Vice Presi...
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
Senior Vice President of Field Services
Total Annual Compensation: $286.7K
Compensation as of Fiscal Year 2013.

qep resources inc (QEP) Key Developments

QEP Resources, Inc. Appoints Alice B. Ley as Vice President, Controller and Chief Accounting Officer, Effective March 6, 2014

The board of directors of QEP Resources, Inc. has appointed Alice B. Ley, to serve as Vice President, Controller and Chief Accounting Officer of the Company, effective March 6, 2014. Ms. Ley joined the Company in September 2012 as Director of Financial Reporting, was promoted to Interim Controller in November 2013, and has served in that position until this promotion.

QEP Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Production Results for 2013; Reports Impairment for the Fourth Quarter of 2013; Provides Capital Expenditure Guidance for 2014

QEP Resources, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of $715.5 million against $704.9 million for the same period in the last year. Operating loss was $15.7 million against $114.7 million for the same period in the last year. Loss from continuing operations before income taxes was $51.0 million against $42.1 million for the same period in the last year. Net loss attributable to the company was $52.0 million against $23.1 million for the same period in the last year. Loss from continuing operations per diluted share attributable to the company was $0.29 against $0.13 for the same period in the last year. Adjusted EBITDA was $377.1 million against $390.1 million for the same period in the last year. Adjusted net income attributable to the company was $31.0 million or $0.17 per diluted share against $59.8 million or $0.33 per diluted share for the same period in the last year. For the year, the company reported total revenues of $2,935.8 million against $2,349.8 million for the same period in the last year. Operating income was $384.6 million against operating loss of $133.3 million for the same period in the last year. Income from continuing operations before income taxes was $291.2 million against $198.5 million for the same period in the last year. Net income attributable to the company was $159.4 million against $128.3 million for the same period in the last year. Earnings from continuing operations per diluted share attributable to the company were $0.29 against $0.13 for the same period in the last year. Net cash provided by operating activities of continuing operations was $1,191.7 million against $1,296.0 million for the same period in the last year. Property acquisitions were $40.9 million against $1,406.1 million for the same period in the last year. Property, plant and equipment, including dry hole exploratory well expense was $1,561.7 million against $1,393.6 million for the same period in the last year. Adjusted EBITDA was $1,536.7 million against $1,409.0 million for the same period in the last year. Adjusted net income attributable to the company was $209.0 million or $1.17 per diluted share against $227.9 million or $1.28 per diluted share for the same period in the last year. The company reported crude oil production of 10.2 MMbbl for 2013, an increase of 62% compared to 2012. The increase was driven primarily by the continued successful development of the South Antelope properties acquired in 2012. The company reported impairment of $89.0 million for the fourth quarter of 2013 against $62.1 million for the same period in the last year. The company expects capital investment of $1,755 million - $1,855 million for the year 2014.

QEP Resources, Inc. Appoints William L. Thacker as Independent Director

QEP Resources Inc. announced that it has appointed William L. Thacker to its board of directors, effective immediately. In joining the board, Mr. Thacker will be able to assist with the Company's previously announced separation of its midstream business, QEP Field Services Company, including the Company's ownership of QEP Midstream Partners, LP, from QEP. Mr. Thacker has agreed to resign from the QEP board upon completion of the separation. Mr. Thacker brings significant midstream energy expertise to QEP's Board through his experience as a director on multiple public midstream company boards, including serving as non-executive chairman of the board of Copano Energy LLC from 2009 through to its sale to Kinder Morgan Energy Partners for $5.1 billion in 2013. Previously, Mr. Thacker served as chief executive officer of TEPPCO Partners, overseeing the company's steady expansion and entrance into crude oil gathering and marketing, petrochemical pipelining, and gas gathering and processing. Mr. Thacker also served as chairman of Pacific Energy Management's Special Committee during its sale to Plains All American Pipeline for $2.3 billion in 2006. Mr. Thacker will qualify as an "independent director" under New York Stock Exchange rules.

 

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Industry Analysis

QEP

Industry Average

Valuation QEP Industry Range
Price/Earnings 35.6x
Price/Sales 1.9x
Price/Book 1.7x
Price/Cash Flow 4.8x
TEV/Sales 0.7x
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