QEP Resources: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported a loss of $110.4 million in its fourth quarter.

The Denver-based company said it had a loss of 46 cents per share. Losses, adjusted for one-time gains and costs, were 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The independent oil and gas company posted revenue of $321.9 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $329.2 million.

For the year, the company reported that its loss narrowed to $97.3 million, or 41 cents per share. Revenue was reported as $1.21 billion.

In the final minutes of trading on Wednesday, the company's shares hit $2.16. A year ago, they were trading at $7.90.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QEP at https://www.zacks.com/ap/QEP