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.