QEP Resources (QEP) Tops Q3 EPS by 18c, Revenues Beat
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QEP Resources Reports Third Quarter 2018 Financial and Operating Results and Provides Update on Its Strategic Initiatives
November 7, 2018 4:05 PM ESTDENVER, Nov. 07, 2018 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported third quarter 2018 financial and operating results and provided an update on its strategic and financial initiatives (Strategic Initiatives) announced in February 2018.
THIRD QUARTER 2018 OPERATING HIGHLIGHTS
Delivered record quarterly oil and condensate production of 6.6 million barrels (MMbbls), including a record 3.5 MMbbls in the Permian BasinDecreased Permian Basin lease operating expense (LOE) to $4.42 per Boe, a 31% year-over-year decreaseIncreased 2018 oil and condensate production guidance to reflect improved efficiencies in... More