Last $20.92 USD
Change Today 0.00 / 0.00%
Volume 199.3K
QRE On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

qr energy lp (QRE) Snapshot

Open
$20.95
Previous Close
$20.92
Day High
$21.00
Day Low
$20.73
52 Week High
08/21/14 - $21.00
52 Week Low
09/20/13 - $16.10
Market Cap
1.4B
Average Volume 10 Days
337.6K
EPS TTM
$-2.41
Shares Outstanding
58.8M
EX-Date
08/5/14
P/E TM
--
Dividend
$1.95
Dividend Yield
9.32%
Current Stock Chart for QR ENERGY LP (QRE)

qr energy lp (QRE) Related Businessweek News

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qr energy lp (QRE) Details

QR Energy, LP, through its subsidiary, QRE Operating, LLC, is engaged in the acquisition, exploitation, development, and production of oil and natural gas properties in the United States. As of December 31, 2013, the company’s properties consisted of working interests in 5,668 gross producing wells located in Alabama, Arkansas, Florida, Kansas, Louisiana, Michigan, New Mexico, Oklahoma, and Texas, as well as it had estimated net proved reserves of 73.0 million barrels of oil and condensate, 151.7 billion cubic feet of natural gas, and 10.8 million barrels of natural gas liquids. QRE GP, LLC operates as the general partner of the company. The company is headquartered in Houston, Texas.

qr energy lp (QRE) Top Compensated Officers

Chief Executive Officer of QRE GP, LLC and Di...
Total Annual Compensation: $38.5K
Chief Financial Officer of QRE GP, LLC
Total Annual Compensation: $331.8K
Senior Vice President of QRE GP, LLC, Genera...
Total Annual Compensation: $257.7K
Senior Vice President of Business Development...
Total Annual Compensation: $257.7K
Compensation as of Fiscal Year 2013.

qr energy lp (QRE) Key Developments

QR Energy, LP Announces Monthly Cash Distribution, Payable on August 14, 2014

QR Energy, LP announced that the board of directors has approved a cash distribution of $0.1625 per unit for all outstanding units. The distribution will be payable on August 14, 2014 to unitholders of record at the close of business on August 7, 2014.

QR Energy, LP Reports Preliminary Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Financial Guidance for Third Quarter and Full Year of Fiscal 2014

QR Energy, LP reported preliminary consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $133,306,000, operating income of $36,154,000, loss before income taxes of $50,643,000, net loss of $50,900,000, net loss attributable to the company of $51,354,000 or $1.05 per unit against total revenue of $122,623,000, operating income of $26,224,000, loss before income taxes of $14,301,000, net loss of $14,396,000, net loss attributable to the company of $14,610,000 or $2.86 per unit a year ago. Adjusted EBITDA was $69,567,000 against $64,801,000 a year ago. Total capital expenditures were $39.6 million; maintenance capital remained unchanged at $18 million. Increase in total revenue of 9% largely flowed to the bottom-line with adjusted EBITDA increasing 7% over the first quarter to $69.6 million and distributable cash flow up 13% to $34.9 million. For the six months, the company reported total revenue of $255,929,000, operating income of $62,378,000, loss before income taxes of $64,944,000, net loss of $65,296,000, net loss attributable to the company of $65,964,000 or $3.91 per unit against total revenue of $210,316,000, operating income of $43,297,000, profit before income taxes of $55,491,000, net income of $55,440,000, net income attributable to the company of $55,440,000 or $0.58 per unit a year ago. Adjusted EBITDA was $134,368,000 against $124,377,000 a year ago. For the quarter, the company reported total production of 1,844 MBoe against 1,701 MBoe a year ago. Average daily production was 20,264 Boe per day against 18,900 Boe per day a year ago. Oil production was 1,072 MBbls against 1,008 MBbls a year ago. Natural gas production was 3,259 MMcf against 2,844 MMcfa year ago. For the six months, the company reported total production of 3,545MBoe against 3,172 MBoe a year ago. Average daily production was 19,586 Boe per day against 17,525 Boe per day a year ago. Oil production was 2,080 MBbls against 1,785 MBbls a year ago. Natural gas production was 6,103 MMcf against 5,799 MMcfa year ago. For the third quarter of 2014, the company expects average net daily production of 20,500 to 21,000 BOEs per day. For the fiscal 2014, the company expects average net daily production of 19,900 to 20,500 BOEs per day. LOE is anticipated to remain in the $21 to $23 per BOE range for both the third quarter and the full year. For the third quarter of 2014, the company expects estimated total capital expenditures of $55 million to $60 million and estimated maintenance capital expenditures of $18 million. For the fiscal 2014, the company expects estimated total capital expenditures of $182 million and estimated maintenance capital expenditures of $72 million.

QR Energy, LP, Q2 2014 Earnings Call, Jul 24, 2014

QR Energy, LP, Q2 2014 Earnings Call, Jul 24, 2014

 

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Industry Analysis

QRE

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Valuation QRE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.5x
Price/Book NM Not Meaningful
Price/Cash Flow 23.5x
TEV/Sales NM Not Meaningful
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