QEP Resources (QEP) Tops Q1 EPS by 7c, Updates Guidance

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Go back to QEP Resources (QEP) Tops Q1 EPS by 7c, Updates Guidance

QEP Resources Reports First Quarter 2016 Financial and Operating Results

April 27, 2016 4:07 PM EDT

Reduced capital expenditures by over 30% compared with fourth quarter 2015Delivered record crude oil production of 56,900 barrels per dayCompleted four gross operated Spraberry Shale wells with an average peak 24-hour IP of 1,602 BoedIncreased development inventory in the Williston Basin through infill and deeper bench drillingMaintained strong liquidity, including $616 million of cash at quarter-end and an undrawn revolving credit facility

DENVER, April 27, 2016 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported first quarter 2016 financial and operating results.  The Company reported... More