QEP Resources

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.
Company Growth (employees)
Denver, US
Size (employees)
656 (est)
QEP Resources was founded in 2010 and is headquartered in Denver, US

QEP Resources Office Locations

QEP Resources has an office in Denver
Denver, US (HQ)
800 1050 17th St

QEP Resources Financials and Metrics

QEP Resources Financials

QEP Resources's revenue was reported to be $1.4 b in FY, 2016

Revenue (Q3, 2017)

390.1 m

Net income (Q3, 2017)

(3.3 m)

EBIT (Q3, 2017)

132.1 m

Market capitalization (13-Dec-2017)

2.1 b

Cash (30-Sep-2017)

782.6 m


3.4 b
QEP Resources's current market capitalization is $2.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


2.9 b3.4 b2 b1.4 b

Revenue growth, %


General and administrative expense

198.4 m

Operating expense total

198.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


772.8 m883.9 m936.7 m910 m491.6 m608.6 m536.7 m261.3 m333.7 m382.4 m420.1 m383.7 m390.1 m

General and administrative expense

49.3 m56.6 m64.2 m49.4 m47.4 m51.3 m42 m48.7 m43.7 m67 m33.6 m31.3 m43.4 m

Operating expense total

657.4 m699.1 m745.5 m783.1 m589.7 m649.8 m637.3 m1.6 b425.8 m481.3 m425.3 m404.4 m443.4 m


128.2 m187.2 m(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)(900 k)132.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


11.9 m1.2 b376.1 m443.8 m

Accounts Receivable

408.5 m441.9 m278.2 m155.7 m


59 m54.3 m38.5 m32.7 m

Current Assets

519 m2 b931.8 m640.1 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


123 m3.9 m702.3 m500.4 m445.6 m495.8 m616.4 m1 b1 b338.4 m178.8 m782.6 m

Accounts Receivable

321.9 m586.5 m555.7 m599.4 m319.4 m330.8 m316.2 m115.5 m132.5 m135.6 m136.2 m165 m120.4 m

Current Assets

546.8 m710.4 m1.4 b837.5 m1.2 b1 b1 b1.1 b1.4 b1.2 b512.6 m424.3 m941 m


59.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

171.4 m(149.4 m)(1.2 b)

Depreciation and Amortization

1 b1 b881.1 m871.1 m

Accounts Receivable

3.2 m(160 m)166 m96.5 m


2.6 m(20 m)15.5 m8.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

41.1 m45.5 m(87.3 m)(55.6 m)(131.9 m)(110.8 m)(863.8 m)(197 m)(50.9 m)76.9 m122.3 m119 m

Depreciation and Amortization

253.1 m240.2 m249.7 m251.4 m195.4 m411.2 m649.3 m240 m209.7 m217.8 m191.8 m383.3 m560.2 m

Accounts Receivable

330.8 m316.2 m115.5 m132.5 m135.6 m136.2 m

Accounts Payable

463.3 m409.2 m204.7 m213.8 m259.3 m296.2 m
USDY, 2017


25.5 x


7 x


594.7 k

Financial Leverage

2 x
Show all financial metrics

QEP Resources Market Value History

QEP Resources's Web-traffic and Trends

QEP Resources Company Life and Culture

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