QEP Resources, Inc. Comments on Investor Filing

  QEP Resources, Inc. Comments on Investor Filing

Business Wire

DENVER -- October 22, 2013

QEP Resources, Inc. (“QEP” or the “Company”) (NYSE:QEP) today issued the
following statement regarding the filing of a Schedule 13D beneficial
ownership report by JANA Partners, LLC (“JANA”) reporting its 7.5 percent
ownership in the Company.

Over the past year, QEP’s Board and management team have maintained an ongoing
and constructive dialogue with JANA, as well as many of our other
shareholders, and have carefully considered their suggestions and proposals,
which included support of the formation and initial public offering of QEP
Midstream Partners, LP, completed on August 14, 2013.

QEP’s Board and management team are focused on developing strategies and
taking actions that they believe will create value for all of our
shareholders.

Due to the quiet period around the Company’s upcoming third-quarter financial
and operating results announcement scheduled for November 5, 2013, it cannot
comment further at this time.

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 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. QEP Resources is the General Partner and a majority
owner of QEP Midstream Partners, LP (NYSE:QEPM). For more information, visit
QEP Resources' website at: www.qepres.com.

Contact:

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