OverviewSuggest Edit

QEP Resources operates as a natural gas and crude oil exploration and production company in the United States. The Company conducts exploration and production activities in various regions of the country. QEP Resources sells its gas, oil, and natural gas liquids (NGL) to various customers, including wholesale marketers, industrial users, local distribution companies, utilities, and other companies. In addition, it operates an underground gas storage facility.
TypePublic
Founded2010
HQDenver, CO, US
Websiteqepres.com
Employee Ratings3.4
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)248(-46%)
Revenue (FY, 2020)$724.4 M(-39%)
Share Price (Mar 2021)$4.1
Cybersecurity ratingAMore
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Key People/Management at QEP Resources

William J. Buese

William J. Buese

Vice President, Finance & Treasurer
Alice B. Ley

Alice B. Ley

Vice President, Controller & Chief Accounting Officer
Joseph T. Redman

Joseph T. Redman

Vice President, Energy
Dane E. Allen

Dane E. Allen

Corporate Secretary
Timothy J. Cutt

Timothy J. Cutt

President & Chief Executive Officer, Director
Christopher K. Woosley

Christopher K. Woosley

Executive Vice President, General Counsel & Corporate Secretary
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QEP Resources Office Locations

QEP Resources has an office in Denver
Denver, CO, US (HQ)
1050 17th St #800
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QEP Resources Financials and Metrics

QEP Resources Revenue

QEP Resources's revenue was reported to be $724.4 m in FY, 2020
USD

Revenue (FY, 2020)

724.4m

Net income (FY, 2020)

3.2m

EBIT (FY, 2020)

(223.7m)

Market capitalization (19-Mar-2021)

989.7m

Closing stock price (19-Mar-2021)

4.1

Cash (31-Dec-2020)

60.4m

EV

2.6b
QEP Resources's current market capitalization is $989.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.2b2.5b2.9b3.4b2.0b1.4b1.6b1.9b1.2b724.4m

Revenue growth, %

16%(41%)(32%)

Cost of goods sold

1.1b655.6m765.9m1.0b626.8m105.5m64.3m51.0m

Gross profit

2.1b1.8b2.2b2.4b1.4b1.3b1.6b1.9b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

11.9m1.2b376.1m443.8m166.3m60.4m

Accounts Receivable

397.4m387.5m408.5m441.9m278.2m155.7m142.1m104.3m108.4m89.1m

Prepaid Expenses

43.7m60.4m54.4m46.8m30.1m10.7m12.7m11.4m14.1m

Inventories

87.6m32.7m
Quarterly
USDQ2, 2011

Financial Leverage

2.2 x
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QEP Resources Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

QEP Resources Online and Social Media Presence

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QEP Resources Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    D

    60/100

  • Compensation

    A+

    100/100

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QEP Resources News and Updates

Diamondback Energy, Inc. Completes Acquisition of QEP Resources, Inc.

MIDLAND, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced acquisition of QEP Resources, Inc. (NYSE: QEP) (“QEP”) in an all-stock merger following approval of the merger …

Glass Lewis Joins ISS in Reaffirming Support for Pending Acquisition of QEP Resources by Diamondback Energy

DENVER, March 12, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today issued the following statement in response to Glass Lewis & Co.’s (Glass Lewis) decision to reaffirm its previous recommendation of support for the pending acquisition of QEP by Diamondback En…

ISS Reaffirms Recommendation FOR Pending Acquisition of QEP Resources by Diamondback Energy

DENVER, March 11, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today announced that Institutional Shareholder Services (ISS) has reaffirmed its previous recommendation of support for the proposed acquisition of QEP by Diamondback Energy, Inc. (Nasdaq: FANG) (Diamon…

Diamondback Energy, Inc. Announces Conditional Tender Offers and Consent Solicitations for Its 5.375% Senior Notes due 2025 and QEP Resources, Inc.’s 5.375% Senior Notes due 2022, 5.250% Senior Notes due 2023 and 5.625% Senior Notes due 2026

MIDLAND, Texas, March 04, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today announced that, in connection with the pending all-stock acquisition of QEP Resources, Inc. (“QEP”), it has commenced (i) a cash tender offer (the “Diamondback Tender Of…

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of QEP Resources, Inc. - QEP

NEW YORK, Jan. 23, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of QEP Resources, Inc. Merger

WILMINGTON, Del., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating QEP Resources, Inc. (“QEP”) (NYSE: QEP) regarding possible breaches of fiduciary duties and other violations of law related to QEP’s agreement to be acquired by Diamondback Energy, Inc…
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QEP Resources Blogs

QEP Reports Fourth Quarter and Full Year 2020 Financial and Operating Results

DENVER , Feb. 24, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported fourth quarter and full year 2020 financial and operating results. FULL YEAR 2020 HIGHLIGHTS Lowered 2020 average drilling and completion costs to $411 per lateral foot in the Permian

QEP Resources Reports Third Quarter 2020 Financial and Operating Results

DENVER , Oct. 28, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported third quarter 2020 financial and operating results. Third Quarter 2020 Highlights Received a $170.7 million Alternative Minimum Tax (AMT) credit refund, which included $5.6 million of

QEP Resources Announces Third Quarter 2020 Financial and Operational Results Release Date and Conference Call

DENVER , Oct. 14, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) announced today that it will host a teleconference and webcast to discuss its third quarter 2020 results beginning at 9:00 a.m. ET ( 7:00 a.m. MT ) on Thursday, October 29, 2020 .

QEP Resources Completes Redemption of Its 6.875% Senior Notes Due 2021

DENVER , Sept. 30, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it completed its previously announced redemption of its 6.875% Senior Notes due 2021 (the “2021 Notes”) in the aggregate principal amount of $275.3 million .

QEP Resources Issues Notice of Redemption for its 6.875% Senior Notes Due 2021

DENVER , Aug. 31, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it has issued a notice (the “Redemption Notice”) to holders of its outstanding 6.875% Senior Notes due 2021 (the “2021 Notes”) of QEP’s intent to redeem all of the outstanding 2021

QEP Resources Announces Receipt of Alternative Minimum Tax Refund

QEP Resources Announces Receipt of Alternative Minimum Tax Refund Content Import Thu, 08/27/2020 - 16:06 QEP Resources Announces Receipt of Alternative Minimum Tax Refund Aug 27, 2020 This release is a backfill from a News Wire General …
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QEP Resources Frequently Asked Questions

  • When was QEP Resources founded?

    QEP Resources was founded in 2010.

  • Who are QEP Resources key executives?

    QEP Resources's key executives are William J. Buese, Alice B. Ley and Joseph T. Redman.

  • How many employees does QEP Resources have?

    QEP Resources has 248 employees.

  • What is QEP Resources revenue?

    Latest QEP Resources annual revenue is $724.4 m.

  • What is QEP Resources revenue per employee?

    Latest QEP Resources revenue per employee is $2.9 m.

  • Who are QEP Resources competitors?

    Competitors of QEP Resources include Teledyne Bolt, Kuwait National Petroleum and Saudi Aramco.

  • Where is QEP Resources headquarters?

    QEP Resources headquarters is located at 1050 17th St #800, Denver.

  • Where are QEP Resources offices?

    QEP Resources has an office in Denver.

  • How many offices does QEP Resources have?

    QEP Resources has 1 office.