QEP Resources (QEP) Tops Q1 EPS by 22c, Offers Guidance

April 29, 2015 4:30 PM EDT

QEP Resources (NYSE: QEP) reported Q1 EPS of ($0.05), $0.22 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $491.6 million versus the consensus estimate of $650.4 million.

Guidance and Assumptions
20152015
Previous ForecastCurrent Forecast
QEP Energy oil production (MMBbl)16.5 - 18.517.0 - 18.5
QEP Energy NGL production (MMBbl)4.0 - 4.54.0 - 4.3
QEP Energy natural gas production (Bcf)155 - 175165 - 175
QEP Energy total equivalent production (Bcfe)278 - 313291 - 312
Lease operating and transportation expense (per Mcfe)$1.70 - $1.85$1.70 - $1.85
QEP Energy Depletion, Depreciation and Amortization (per Mcfe)$3.00 - $3.30$2.70 - $3.00
Production and property taxes, % of field-level revenue8.5% - 9.0%8.5% - 9.0%
Figures below in millions
QEP Resources General and Administrative Expense$165 - $185$170 - $185
QEP Resources Capital Investment

For earnings history and earnings-related data on QEP Resources (QEP) click here.



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