QEP Resources, Inc. Declares Quarterly Cash Dividend

  QEP Resources, Inc. Declares Quarterly Cash Dividend

Business Wire

DENVER -- May 13, 2014

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 of common
stock, payable on June 6, 2014, to shareholders of record on May 23, 2014.

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, Texas, and Louisiana) of the United
States. QEP Resources also gathers, compresses, treats, processes and stores
natural gas. QEP Resources is the majority owner of QEP Midstream Partners, LP
(NYSE:QEPM) and owns 100% of the partnership’s general partner. 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 the
Company’s payment of its quarterly dividend. Actual results may differ
materially from those included in the forward-looking statements due to a
number of factors, including global geopolitical and macroeconomic factors,
weather conditions, the U.S. federal budget and debt ceiling crisis, acts of
terrorism, 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, 2013. 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
Director, Investor Relations
303-405-6665
or
Media:
Brent Rockwood
Director, Communications
303-672-6999
 
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