QEP Resources (QEP) Tops Q3 EPS by 3c

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Go back to QEP Resources (QEP) Tops Q3 EPS by 3c

QEP Resources Reports Third Quarter 2016 Financial and Operating Results

October 26, 2016 4:05 PM EDT

Increased full-year production guidance for crude oil, natural gas and NGLCompleted five gross-operated Spraberry Shale wells, with an average peak 24-hour IP of 1,258 BoedDelivered solid results from "wine-rack" geometry well density Spraberry Shale testAdded two additional rigs in the Permian Basin on legacy acreage (County Line)Maintained strong liquidity with over $1.0 billion in cash and cash equivalents at quarter-endClosed Permian Basin acquisition (Mustang Springs) for approximately $590.0 million on October 19, 2016

DENVER, Oct. 26, 2016 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported third... More