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QEP Resources: 4Q Earnings Snapshot

DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported a fourth-quarter loss of $629.3 million, after reporting a profit in the same period a year earlier.

The Denver-based company said it had a loss of $2.66 per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The independent oil and gas company posted revenue of $410.5 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $451.3 million.

For the year, the company reported a loss of $1.01 billion, or $4.25 per share, swinging to a loss in the period. Revenue was reported as $1.93 billion.

QEP Resources shares have climbed 45 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. In the final minutes of trading on Wednesday, shares hit $8.18, a decrease of nearly 6 percent in the last 12 months.


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