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QEP Resources, Inc. Declares Quarterly Cash Dividend

  QEP Resources, Inc. Declares Quarterly Cash Dividend

Business Wire

DENVER -- May 24, 2013

QEP Resources, Inc. (NYSE: QEP), a leading independent natural gas and crude
oil exploration and production company, today announced that its Board of
Directors approved a quarterly cash dividend of $0.02 per share payable on
June 22, 2013, to shareholders of record on June 3, 2013.

About QEP Resources

QEP Resources, Inc. (NYSE: QEP) is a leading independent natural gas and crude
oil exploration and production company focused in two major regions: the
Northern Region (primarily in the Rockies and the Williston Basin) and the
Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of
the United States. QEP Resources also gathers, compresses, treats, processes
and stores natural gas. For more information, visit QEP Resources’ website at:
www.qepres.com.

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section
27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Forward-looking statements can be
identified by words such as “anticipates,” “believes,” “forecasts,” “plans,”
“estimates,” “expects,” “should,” “will” or other similar expressions. Such
statements are based on management’s current expectations, estimates and
projections, which are subject to a wide range of uncertainties and business
risks. These forward-looking statements include statements regarding:
forecasted Adjusted EBITDA, production and capital investment for 2013 and
related assumptions for such guidance; plans to drill and complete wells;
estimated average gross completed well costs; estimated reserves; average
estimated ultimate recoveries per well and strong well performance; completion
dates and capacity for new projects of QEP Field Services; remaining locations
to drill wells; ethane rejection and its impact; and plans to double railcar
loading capacity. Actual results may differ materially from those included in
the forward-looking statements due to a number of factors, including, but not
limited to: the availability of capital; global geopolitical and macroeconomic
factors; general economic conditions, including interest rates; changes in
local, regional, national and global demand for natural gas, oil and NGL;
natural gas, NGL and oil prices; impact of new laws and regulations, including
regulations regarding the use of hydraulic fracture stimulation and the
implementation of the Dodd-Frank Act; elimination of federal income tax
deductions for oil and gas exploration and development; drilling results;
shortages of oilfield equipment, services and personnel; operating risks such
as unexpected drilling conditions; weather conditions; changes in maintenance
and construction costs and possible inflationary pressures; permitting delays;
the availability and cost of credit; outcome of contingencies such as legal
proceedings; inability to successfully integrate acquired assets; inadequate
supplies of water and/or lack of water disposal sources; and the other risks
discussed in the Company’s periodic filings with the Securities and Exchange
Commission, including the Risk Factors section of the Company’s Annual Report
on Form 10-K for the year ended December 31, 2012. QEP Resources undertakes no
obligation to publicly correct or update the forward-looking statements in
this news release, in other documents, or on the website to reflect future
events or circumstances. All such statements are expressly qualified by this
cautionary statement.

Contact:

QEP Resources, Inc.
Investors:
Greg Bensen, 303-405-6665
Director, Investor Relations
 
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