QEP Resources (QEP) Tops Q4 EPS by 7c

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Go back to QEP Resources (QEP) Tops Q4 EPS by 7c

QEP Resources Reports Fourth Quarter and Full Year 2016 Financial and Operating Results and Announces 2017 Capital Investment Plan and Guidance

February 22, 2017 4:15 PM EST

Full Year 2016 Highlights

Delivered record oil equivalent production of 55.8 MMboeDelivered record crude oil production of 20.3 MMbbl, including a record 4.0 MMbbl in the Permian BasinReported record year-end total proved reserves of 731.4 MMboe, a 21% increase compared with year-end 2015, including record proved crude oil reserves of 238.6 MMbblAcquired approximately 9,600 net acres in the core of the Permian Basin (2016 Permian Basin Acquisition)Maintained strong liquidity, including $443.8 million of cash and cash equivalents at year-end... More