Market Overview

QEP Resources: Q2 Earnings Insights

Share:

Shares of QEP Resources (NYSE:QEP) moved lower by 5.32% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 50.00% year over year to ($0.06), which missed the estimate of ($0.04).

Revenue of $120,600,000 declined by 59.28% year over year, which missed the estimate of $193,340,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $5.22

Company's 52-week low was at $0.26

Price action over last quarter: Up 77.48%

Company Description

QEP Resources Inc. is a crude oil and natural gas exploration and production company that focuses on resources in the United States. QEP's reserves are located in two main areas: the Southern Region, primarily Texas; and the Northern Region, primarily North Dakota. The company sells its oil, condensate, and natural gas liquid (NGL) production to gas-marketing firms, crude-oil refiners, midstream service providers, and other companies. QEP also sells gas volumes to industrial users, utility companies, wholesale marketers, and local distributors.

 

Related Articles (QEP)

View Comments and Join the Discussion!

Posted-In: Earnings