Last $20.02 USD
Change Today -0.77 / -3.70%
Volume 893.7K
QEP On Other Exchanges
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As of 12:07 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1050 17th Street

Suite 500

Denver, CO 80265

United States

Phone: 303-672-6900

Fax: 303-294-9632

QEP Resources, Inc. engages the exploration and production of oil and gas. The company also provides midstream field services and energy marketing. The company conducts it business through its subsidiaries, including QEP Energy Company (QEP Energy); QEP Field Services Company (QEP Field Services); and QEP Marketing Company (QEP Marketing). QEP Energy acquires, explores for, develops and produces gas, oil, and natural gas liquids (NGL). QEP Field Services includes the ownership and operations of QEP Midstream Partners, LP (QEP Midstream), provides midstream field services, including gathering of natural gas, oil and NGL, natural gas processing, compression, and treating services, for affiliates and third parties. QEP Marketing markets affiliate and third-party oil and gas, and owns and operates an underground gas storage reservoir. The company’s operations are focused in two major regions: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Oklahoma, Louisiana and the Texas Panhandle) of the United States. Strategy The company would strive to operate in a safe and environmentally responsible manner; acquire businesses and assets that complement or expand its business; be in the highest-potential areas of the resource plays in which it operates; build contiguous acreage positions that drive operating efficiencies; be the operator of its assets, whenever possible; maximize the value of its midstream assets; actively market its QEP Energy production to maximize value; utilize derivative contracts to mitigate the impact of gas, oil or NGL price volatility and fluctuating interest rates; and attract and retain the best people. Exploration and Production – QEP Energy QEP Energy conducts exploration and production activities in various hydrocarbon resource plays in North America. QEP Energy has an inventory of identified development drilling locations, primarily in the Williston Basin in North Dakota; the Pinedale Anticline in western Wyoming; the Uinta Basin in eastern Utah; the Anadarko Basin in Oklahoma and Texas; the Haynesville/Cotton Valley in northwestern Louisiana and other proven properties in Wyoming, Colorado and Utah. QEP Energy acquired oil and gas properties in the Permian Basin of Texas (the Permian Basin Acquisition). The acquired properties consist of approximately 26,500 net acres of producing and undeveloped oil and gas properties and approximately 260 vertical producing wells in the Permian Basin, which creates a new core area of operation for QEP Energy. QEP Energy, both directly and through QEP Marketing, sells its gas, oil and NGL production to various customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners and marketers. QEP Energy regularly evaluates counterparty credit and may require financial guarantees or prepayments from parties that fail to meet its credit criteria. Midstream Field Services – QEP Field Services QEP Field Services provides midstream services (gathering, processing and treating) to QEP Energy and third-party customers, including major and independent producers. QEP Field Services owns various natural gas gathering, treating and processing facilities as well as a 57.8% interest in QEP Midstream and 38% of Uintah Basin Field Services, LLC (UBFS). QEP Midstream's assets consist of ownership interests in four gathering systems and two the Federal Energy Regulatory Commission (FERC) regulated pipelines, which provide oil and gas gathering and transportation services. These assets are located in, or within close proximity to, the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the Williston Basin located in North Dakota. Energy Marketing—QEP Marketing QEP Marketing provides wholesale marketing and sales of affiliate and third-party gas, oil and NGL. As a wholesale marketing entity, QEP Marketing concentrates on markets in the Rocky Mountains and Midcontinent that are either close to affiliate reserves and production or accessible by major pipelines. QEP Marketing contracts for firm-transportation

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Industry Analysis

QEP

Industry Average

Valuation QEP Industry Range
Price/Earnings 44.8x
Price/Sales 1.1x
Price/Book 1.1x
Price/Cash Flow 3.5x
TEV/Sales -- Not Meaningful
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