DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported a second-quarter loss of $184.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Denver-based company said it had a loss of 76 cents. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The independent oil and gas company posted revenue of $120.6 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $213.7 million.
In the final minutes of trading on Wednesday, the company's shares hit $1.88. A year ago, they were trading at $4.72.