QEP Resources (QEP) Tops Q1 EPS by 22c, Offers Guidance
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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 | ||
| 2015 | 2015 | |
| Previous Forecast | Current Forecast | |
| QEP Energy oil production (MMBbl) | 16.5 - 18.5 | 17.0 - 18.5 |
| QEP Energy NGL production (MMBbl) | 4.0 - 4.5 | 4.0 - 4.3 |
| QEP Energy natural gas production (Bcf) | 155 - 175 | 165 - 175 |
| QEP Energy total equivalent production (Bcfe) | 278 - 313 | 291 - 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 revenue | 8.5% - 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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