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Last $22.17 USD
Change Today -0.11 / -0.49%
Volume 3.2M
QEP On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

qep resources inc (QEP) Key Developments

QEP Resources, Inc. Proposes Amendments to its Certificate of Incorporation

QEP Resources, Inc. announced at its 2015 annual meeting of shareholders to be held on May 12, 2015, it will propose to amend the company's Certificate of Incorporation to declassify the Board of Directors and provide for the annual election of directors and to amend the company's Certificate of Incorporation to eliminate all supermajority voting provisions.

QEP Resources, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Production Results for 2014; Reports Impairment for the Fourth Quarter of 2014; Provides Capital Expenditure Guidance for 2015

QEP Resources, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $799.6 million against $620.3 million for the same period in the last year. Operating loss was $1,067.3 million against $66.5 million for the same period in the last year. Loss from continuing operations before income taxes was $728.4 million against $106.9 million for the same period in the last year. Net income attributable to the company was $665.9 million against net loss attributable to the company was $52.0 million for the same period in the last year. Earnings from continuing operations per diluted share attributable to the company were $3.72 against loss from continuing operations per diluted share attributable to the company $0.29 for the same period in the last year. Adjusted EBITDA was $386.3 million against $377.1 million for the same period in the last year. Adjusted net income attributable to the company was $38.6 million or $0.22 per diluted share against $52.3 million or $0.29 per diluted share for the same period in the last year. For the year, the company reported total revenues of $3,414.3 million against $2,685.1 million for the same period in the last year. Operating loss was $847.3 million against operating income of $203.0 million for the same period in the last year. Loss from continuing operations before income taxes was $642.0 million against income from continuing operations before income taxes was $112.2 million for the same period in the last year. Net income attributable to the company was $784.4 million against $159.4 million for the same period in the last year. Loss from continuing operations per diluted share attributable to the company were $2.28 against earnings from continuing operations per diluted share attributable to the company were $0.29 for the same period in the last year. Net cash provided by operating activities of continuing operations was $1,542.5 million against $1,191.7 million for the same period in the last year. Property acquisitions were $960.5 million against $40.9 million for the same period in the last year. Property, plant and equipment, including dry hole exploratory well expense was $1,765.9 million against $1,561.7 million for the same period in the last year. Adjusted EBITDA was $1,437.0 million against $1,536.7 million for the same period in the last year. Adjusted net income attributable to the company was $239.1 million or $1.33 per diluted share against $196.1 million or $1.09 per diluted share for the same period in the last year. The company reported crude oil production of 17.1 MMbbl for 2014, an increase of 68% compared to 2014. Increased crude oil production to 32% of total natural gas equivalent production, up from 20% in 2013 The company reported impairment of $1,139.6 million for the fourth quarter of 2014 against $89.0 million for the same period in the last year. The company expects capital investment of $900 million - $1,050 million for the year 2015.

QEP Resources, Inc. Declares Quarterly Cash Dividend, Payable on March 6, 2015

QEP Resources, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share of common stock, payable on March 6, 2015, to shareholders of record on February 24, 2015.

QEP Resources, Inc. to Report Q4, 2014 Results on Feb 24, 2015

QEP Resources, Inc. announced that they will report Q4, 2014 results After-Market on Feb 24, 2015

QEP Resources, Inc., Q4 2014 Earnings Call, Feb 25, 2015

QEP Resources, Inc., Q4 2014 Earnings Call, Feb 25, 2015

 

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QEP

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Valuation QEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 1.0x
Price/Cash Flow 1.3x
TEV/Sales 0.2x
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