QEP Resources (QEP) Reports Q1 EPS of $0.15, Revenues Miss

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Go back to QEP Resources (QEP) Reports Q1 EPS of $0.15, Revenues Miss

QEP Reports First Quarter 2019 Financial and Operating Results

April 24, 2019 4:05 PM EDT

DENVER, April 24, 2019 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported first quarter 2019 financial and operating results.

FIRST QUARTER 2019 OPERATING HIGHLIGHTS

Delivered oil and condensate production of 2.9 million barrels in the Permian Basin, a 35% year-over-year increase  Initiated plan to significantly reduce corporate general and administrative expense by approximately 45%Closed previously announced Haynesville divestiture in January 2019 for net cash proceeds of $615.3 million

"QEPs assets performed as expected in all categories during the first quarter 2019. Our drilling and completions teams... More