QEP Resources (QEP) Tops Q2 EPS by 18c, Beats on Revenues

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Go back to QEP Resources (QEP) Tops Q2 EPS by 18c, Beats on Revenues

QEP Resources Reports Second Quarter 2018 Financial and Operating Results and Provides Update on Its Strategic and Financial Initiatives

July 25, 2018 4:05 PM EDT

DENVER, July 25, 2018 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported second quarter 2018 financial and operating results and provided an update on its strategic and financial initiatives (Strategic Initiatives) announced in February.

Delivered record quarterly oil and condensate production of 6.6 MMbbls, including a record 3.2 MMbbls in the Permian Basin, a 32% and 49% quarter-over-quarter increase, respectivelyDelivered 20% quarter-over-quarter increase in Williston Basin production driven by strong well results from our drilling and refracs programs on South AntelopeIncreased quarterly production in Haynesville/Cotton Valley to 314 MMcfed, a 71%... More