With a proud legacy and an exciting future, QEP Resources is a leading independent crude oil and natural gas exploration and production company focused on some of the most prolific resource plays in the continental United States. Our portfolio of low-cost, high-quality resource plays provides a solid foundation for sustainable growth with 3,620 Bcfe of year-end 2015 proved reserves. In the first quarter of 2016, our total production of 83 Bcfe consisted of approximately 38% crude oil, a substantial increase from 12% in 2012 and 8% in 2011. Headquartered in Denver, Colorado, QEP is an S&P MidCap 400 Index member company and its common shares trade on the New York Stock Exchange under the ticker symbol QEP. Nearly a century of history, several acquisitions and a few name changes make up our rich oil and gas story! Our history starts with a well drilled in southwest Wyoming by Ohio Oil Company in 1922. As a result of this discovery, Mountain Fuel Supply Company was created to produce, transport and sell natural gas. Mountain Fuel Supply changed its name to Questar in 1984. Following years of successful growth in the exploration and production industry, we completed a spinoff from Questar in mid-2010 and became QEP Resources, Inc.

QEP Resources was founded in 2010 and is headquartered in Denver, US

QEP Resources has an office in Denver

Denver, US (HQ)

800 1050 17th St

QEP Resources's revenue was reported to be $420.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 420.1 m |

## Net income (Q1, 2017) | 76.9 m |

## EBIT (Q1, 2017) | (5.2 m) |

## Market capitalization (17-Aug-2017) | 1.7 b |

## Cash (31-Mar-2017) | 338.4 m |

QEP Resources's current market capitalization is $1.7 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 2.9 b | 3.4 b | 2 b | 1.4 b |

## Revenue growth, % | 16% | (41%) | (32%) | |

## General and administrative expense | 198.4 m | |||

## Operating expense total | 2.7 b | 4.1 b | 2.4 b | 3 b |

## EBIT | 384.6 m | (847.3 m) | (377.6 m) | (1.6 b) |

## EBIT margin, % | 13% | (25%) | (19%) | (116%) |

## Interest expense | 163.3 m | 169.1 m | 145.6 m | 143.2 m |

## Pre tax profit | 291.2 m | (642 m) | (243 m) | (2 b) |

## Income tax expense | (119.8 m) | 232.5 m | 93.6 m | 708.2 m |

## Net Income | 171.4 m | 784.4 m | (149.4 m) | (1.2 b) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 936.7 m | 910 m | 491.6 m | 608.6 m | 536.7 m | 261.3 m | 333.7 m | 382.4 m | 420.1 m |

## General and administrative expense | 64.2 m | 49.4 m | 47.4 m | 51.3 m | 42 m | 48.7 m | 43.7 m | 67 m | 33.6 m |

## Operating expense total | 64.2 m | 49.4 m | 47.4 m | 51.3 m | 42 m | 48.7 m | 43.7 m | 67 m | 33.6 m |

## EBIT | (9.8 m) | 115.1 m | (128.6 m) | (16.7 m) | (87.7 m) | (1.4 b) | (92.9 m) | (93.6 m) | (5.2 m) |

## EBIT margin, % | (1%) | 13% | (26%) | (3%) | (16%) | (528%) | (28%) | (24%) | (1%) |

## Interest expense | (45.7 m) | (41.5 m) | (36.8 m) | (36.2 m) | (36.4 m) | (36.7 m) | (36.6 m) | (35.9 m) | (33.8 m) |

## Pre tax profit | (141.5 m) | 233.6 m | (87.1 m) | (115.1 m) | 29.8 m | (1.4 b) | (310.3 m) | (79.9 m) | 122.5 m |

## Income tax expense | 54.2 m | (79.9 m) | 31.5 m | 38.8 m | (8.7 m) | 498.9 m | 113.3 m | 29 m | (45.6 m) |

## Net Income | (87.3 m) | (55.6 m) | (76.3 m) | 21.1 m | (863.8 m) | (197 m) | (50.9 m) | 76.9 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 11.9 m | 1.2 b | 376.1 m | 443.8 m |

## Accounts Receivable | 408.5 m | 441.9 m | 278.2 m | 155.7 m |

## Inventories | 59 m | 54.3 m | 38.5 m | 32.7 m |

## Current Assets | 519 m | 2 b | 931.8 m | 640.1 m |

## Total Assets | 9.4 b | 9.3 b | 8.4 b | 7.2 b |

## Accounts Payable | 434.9 m | 575.4 m | 351.7 m | 269.7 m |

## Total Debt | 2 b | |||

## Current Liabilities | 641.5 m | 1.3 b | 641.6 m | 514.8 m |

## Additional Paid-in Capital | 498.4 m | 535.3 m | 554.8 m | 1.4 b |

## Retained Earnings | 2.9 b | 3.6 b | 3.4 b | 2.2 b |

## Total Equity | 3.9 b | 4.1 b | 3.9 b | |

## Debt to Assets Ratio | 0.3 x | |||

## Financial Leverage | 2.4 x | 2.3 x | 2.1 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 702.3 m | 500.4 m | 445.6 m | 495.8 m | 616.4 m | 1 b | 1 b | 338.4 m | |

## Accounts Receivable | 555.7 m | 599.4 m | 319.4 m | 330.8 m | 316.2 m | 115.5 m | 132.5 m | 135.6 m | 136.2 m |

## Current Assets | 1.4 b | 837.5 m | 1.2 b | 1 b | 1 b | 1.1 b | 1.4 b | 1.2 b | 512.6 m |

## Total Assets | 10.6 b | 10.3 b | 8.5 b | 8.4 b | 8.5 b | 7.3 b | 7.5 b | 7.3 b | 7.2 b |

## Accounts Payable | 692.6 m | 691.4 m | 453.5 m | 463.3 m | 409.2 m | 204.7 m | 213.8 m | 259.3 m | 296.2 m |

## Current Liabilities | 910.4 m | 1 b | 642.9 m | 604.3 m | 738.6 m | 456.6 m | 514.8 m | 371.2 m | 414.2 m |

## Additional Paid-in Capital | 518 m | 527.2 m | 530.1 m | 538.1 m | 544.1 m | 931.4 m | 1.4 b | 1.4 b | 1.4 b |

## Retained Earnings | 2.9 b | 3 b | 3.5 b | 3.4 b | 3.5 b | 2.6 b | 2.4 b | 2.3 b | 2.3 b |

## Total Equity | 3.8 b | 4 b | 3.7 b | 3.6 b | 3.6 b | ||||

## Financial Leverage | 2.8 x | 2.6 x | 2 x | 2 x | 2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 171.4 m | (149.4 m) | (1.2 b) | |

## Depreciation and Amortization | 1 b | 1 b | 881.1 m | 871.1 m |

## Accounts Receivable | 3.2 m | (160 m) | 166 m | 96.5 m |

## Inventories | 2.6 m | (20 m) | 15.5 m | 8.7 m |

## Accounts Payable | (179.7 m) | 320.1 m | (71.3 m) | (51.5 m) |

## Cash From Operating Activities | 1.2 b | 1.5 b | 481.3 m | 663.7 m |

## Cash From Investing Activities | (1.4 b) | 578.2 m | (1.2 b) | (1.2 b) |

## Dividends Paid | (14.3 m) | (14.6 m) | (14.1 m) | |

## Cash From Financing Activities | 261.7 m | (990.6 m) | (47.7 m) | 583.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (87.3 m) | (55.6 m) | (76.3 m) | 21.1 m | (863.8 m) | (197 m) | (50.9 m) | 76.9 m | |

## Depreciation and Amortization | 249.7 m | 251.4 m | 195.4 m | 215.8 m | 238.1 m | 240 m | 209.7 m | 217.8 m | 191.8 m |

## Accounts Receivable | 330.8 m | 316.2 m | 115.5 m | 132.5 m | 135.6 m | 136.2 m | |||

## Accounts Payable | 463.3 m | 409.2 m | 204.7 m | 213.8 m | 259.3 m | 296.2 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 640.4 k |

## Financial Leverage | 2 x |