QEP Resources: 3Q Earnings Snapshot

October 23, 2019

DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported third-quarter earnings of $81 million.

The Denver-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring gains, came to 5 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.

The independent oil and gas company posted revenue of $307.5 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $295.9 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.12. A year ago, they were trading at $9.74.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QEP at https://www.zacks.com/ap/QEP