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QEP Resources reports 4Q loss

DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported a loss of $133.3 million in its fourth quarter.

The Denver-based company said it had a loss of 56 cents per share. Losses, adjusted for non-recurring costs and asset impairment costs, came to 15 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The independent oil and gas company posted revenue of $399.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $382.4 million.

For the year, the company reported that its loss widened to $1.25 billion, or $5.62 per share. Revenue was reported as $1.38 billion.

QEP Resources shares have dropped roughly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. In the final minutes of trading on Wednesday, shares hit $16.95, a rise of 51 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


Keywords: QEP Resources, Earnings Report