QEP Resources (QEP) Misses Q4 EPS by 16c

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Go back to QEP Resources (QEP) Misses Q4 EPS by 16c

QEP Reports Fourth Quarter and Full Year 2018 Financial and Operating Results and Provides Initial 2019 Guidance and Capital Investment Plan

February 20, 2019 4:15 PM EST

DENVER, Feb. 20, 2019 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported fourth quarter and full year 2018 financial and operating results and provided initial 2019 guidance and capital investment plan.

FULL YEAR 2018 HIGHLIGHTS

Delivered record oil and condensate production of 23.9 MMbbls, including a record of 12.1 MMbbls in the Permian BasinReported year-end total proved reserves in the Permian Basin of 307.8 MMboe, a 13% increase over 2017Reported year-end total proved reserves of 658.2 MMboe, including record proved crude oil and condensate reserves of 339.1... More